DUBAI / WAM The Annual General Meeting (AGM) of the Emirates Central Cooling Systems Corporation PJSC (Empower), in a meeting convened with a quorum of 90.4 percent of the company’s paid-up share capital, has approved its Board of Directors’ proposal to distribute cash dividends of AED425 million (AED 0.0425 per share equivalent to 42.5 percent of the company’s paid-up capital) ...
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ABU DHABI / AD MEDIA OFFICE The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Zayed National Museum have selected recipients of the Zayed National Museum Research Fund. Launched in 2023, the Zayed National Museum Research Fund supports research into the culture and history of the UAE, preserving the legacy of the nation’s late founder Sheikh ...
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ABU DHABI / WAM Abu Dhabi has been named Arab Environment Capital for 2023 by the Secretariat General of the Arab League and the Council of Arab Environment Ministers. The organisation recognised the emirate’s achievements in environmental protection and climate action over several years, led by Environment Agency – Abu Dhabi (EAD). HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s ...
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ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Green Metal Industries on Wednesday announced the signing of an agreement for the establishment of a new special steel recycling and production facility in Kezad. To be developed with an investment of AED367 million ($100 million), ...
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DUBAI / WAM Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to the Supreme Legislation Committee (SLC). The Green Certificate was presented to Ahmad Saeed bin Meshar Al Muhairi, General Secretary of the Supreme Legislation Committee in the Emirate of Dubai by Eng. Marwan Bin Haidar, Vice ...
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ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced an auction of Monetary Bills (M-Bills) on April 1. The auction includes four issues of M-Bills Treasury bonds. The first issue for 28 days will be up to AED3,500 million, the second for 84 days for up to AED4,500 million, the third for 168 days for up to ...
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ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced the successful closure of a sharia compliant syndicated transaction totalling AED865 million (USD 235 million) for BGN and Al Seer Marine to finance new and energy-efficient gas carriers. This financing marks the second tranche of a larger syndication amounting to US$370 million, which will be used to finance the construction ...
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ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has held a phone call with His Excellency Gibran Rakabuming Raka congratulating him on his election as Vice President of the Republic of Indonesia. His Highness wished further growth and prosperity for the people of Indonesia. His Highness expressed ...
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WORLD CAPITALS / WAM Gold prices were flat in range-bound trade on Wednesday as the dollar ticked higher, with cautious investors awaiting more cues on the US Federal Reserve’s monetary policy direction, Reuters said. Spot gold was steady at $2,179.33 per ounce, as of 0747 GMT. Also, US gold futures were little changed at $2,178.50. Spot silver was flat ...
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BANGKOK / WAM Asian shares were mixed on Wednesday after Wall Street slipped a bit further from its record highs, Associated Press (AP) reported. Oil prices fell while US futures edged higher. Chinese shares slipped even as China’s central bank governor told a high-level business conference in Beijing that property industry was showing signs of recovery. Hong Kong’s Hang ...
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