Friday , 17 April 2026

Local News

Mubadala assets under management grow 17 percent to AED1.4 trillion

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi–based sovereign investor, on Thursday reported strong financial performance in its 2025 annual results. Assets under management grew 17 percent to AED1.4 trillion (US$385 billion), with annualised five- and ten-year returns exceeding 10 percent. Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO, commented, “The strength of Mubadala’s performance in 2025 …

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Mohammed bin Rashid: “We take pride in our country, Our president, our Armed Forces, our economy, and all citizens and residents who move this country forward every day”

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has called on citizens and residents across the country to raise the UAE flag on homes, institutions, and buildings. The call highlights a renewed focus on unity, national identity, and shared responsibility, and reinforces the role of the flag as a …

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UAE President attends wedding reception of Rashid Al Qubaisi

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan attended a wedding reception held to celebrate the marriage of Rashid Mohammed Ahmed Hamel Al Qubaisi to the daughter of Saeed Rashid Sultan Al Muhairi. His Highness congratulated the groom and his family, wishing him a happy and fulfilling married life. The groom’s family expressed their …

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DIFC introduces package of relief measures to support clients

DUBAI / WAM Dubai International Financial Centre (DIFC) is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment. In a statement on Thursday, DIFC stated that effective immediately, the initiatives are designed to ease short-term operational and financial pressures. Arif Amiri, Chief Executive Officer of …

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DAE, BXCI announce global aviation leasing investment programme

DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd and Blackstone Credit & Insurance (BXCI) today announced an agreement to partner to launch a new long-term global investment programme that will be branded “Equator” and will invest in aircraft on lease to commercial airlines, with a target deployment of approximately US$1.6 billion annually. Equator will build a diversified portfolio of commercial …

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Abdullah bin Zayed receives Kaja Kallas, discusses UAE–EU strategic relations, regional developments

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, received Kaja Kallas, High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission. During the meeting, the two sides discussed ways to enhance cooperation between the United Arab Emirates and the European Union …

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DCT Abu Dhabi posts record performance across culture and tourism in 2025

ABU DHABI / GULF TIME Abu Dhabi welcomed a record 26.6 million visitors in 2025, reinforcing its position as an emerging global cultural capital and a tourism destination of choice, according to the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The milestone reflects the emirate’s growing international appeal and its commitment to long-term, sustainable economic impact. …

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OGold Sets a New Regional Standard with Individual Account-Level Insurance

DUBAI / GULF TIME OGold, the UAE’s premier Shariah-compliant gold and silver-backed Super App, has announced a significant advancement in asset security with the rollout of individual account-level insurance for its entire customer base, in collaboration with Dubai National Insurance (DNI). This upgrade transforms traditional company-level protection into a personalized, underwritten guarantee for every user at no additional cost. While …

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