Local News

ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib) announced the launch of its new product, ‘Istikrar’, the UAE’s first long-term, fixed-rate home finance. This product offers customers a consistent, fixed monthly installment throughout the chosen tenor rate, eliminating any variations or fluctuations. The new offering provides customers with more property financing options amid a high-rate environment. Fixed-term schemes offer ...

ABU DHABI / WAM A delegation from Abu Dhabi’s Department of Municipalities and Transport (DMT) has visited Singapore to enhance cooperation and partnerships between the United Arab Emirates and Singapore. The delegation engaged in meetings with key government officials and stakeholders in urban development and sustainable transport to learn about the latest trends and innovations in municipal work and transportation. ...

DUBAI/ WAM Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level Political Forum on Sustainable Development (HLPF), which runs from July 10-19 at the UN headquarters in New York. Established in 2012, the High-Level Political Forum is the UN’s central platform for the follow-up and review of the 2030 Agenda for Sustainable ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a written letter to Andres Manuel Lopez Obrador, President of Mexico, which included an invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held in Expo City Dubai this November. The letter was delivered to ...

NEW YORK / WAM Over the past three years, poverty rates in poor countries have surged, with the number of additional individuals living on less than $3.65-a-day reaching 165 million by 2023 according to a new policy brief from the United Nations Development Programme (UNDP), titled “The Human Cost of Inaction: Poverty, Social Protection and Debt Servicing, 2020–2023”. According to ...

JEDDAH / WAM The Union of News Agencies of the Organisation of Islamic Cooperation (UNA-OIC) has held a workshop to introduce the Global Media Congress (GMC) in its second edition, in cooperation with the Emirates News Agency (WAM) and the Abu Dhabi National Exhibitions Company (Adnec). The workshop sought to introduce the second edition of the Congress, which will be ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, (Mother of the Nation), Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), has emphasised that the UAE has tremendous energies and bright young minds that rely on it to continue the comprehensive and sustainable ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai continues to reinforce its position as a major global economic hub, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Driven by HH Sheikh ...

SHARJAH / WAM The Project Finance Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) approved the financing of two projects with AED375,000 after ensuring that they complied with the conditions and standards of Ruwad. The approvals were given during a meeting chaired by Hamad Ali Abdullah Al Mahmoud, Director of Ruwad and Chairman of the Project Finance Committee, ...

SHARJAH / WAM Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region. The agreement, inked by Saud Salim Al Mazrouei,  Director of SAIF Zone, and Krishna Kaladharan, Managing Director of Herald Holdings, marks ...