Local News

Al Ansari Exchange to float 10% in Dubai IPO

DUBAI / WAM Al Ansari Financial on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a press statement, Al Ansari said that 750,000,000 (seven hundred and fifty million) shares, each with a nominal value of AED0.01 (one fils) will be made ...

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Abu Dhabi adds Tesla to its taxi fleet to boost sustainability

ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has announced the launch of a number of Tesla electric vehicles in cooperation with Arabia Taxi Transportation to support the fleet of environmentally friendly taxis. ITC aims to establish an integrated, clean and sustainable transport environment, keeping pace with developments in ...

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Empowering women means empowering societies and nations: Bodour Al Qasimi

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah (AUS), has emphasised the importance of celebrating the invaluable contributions of women to their communities. In her message to the AUS community on International Women’s Day, Sheikha Bodour said, “Empowering women means empowering societies and nations and opening doors of possibility for communities to ...

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Etisalat chooses IBM to help operationalise sustainability

DUBAI / WAM etisalat by e& UAE and IBM have announced that IBM will leverage IBM sustainability software to help advance etisalat by e& company’s environmental, social and governance (ESG) strategy. etisalat by e& is committed to monitoring, benchmarking, and enhancing its economic, environmental, and social performance. This effort aims to define clear ESG goals and the roadmap to achieve ...

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Dubai Tourism honours Dr Jamal Jomah with Al Safeer Congress Ambassadors Award

DUBAI / GULF TIME Dubai Tourism has honoured Dr Jamal Jomah, founder and leader of Med Art Clinics and the president of Arab Association for Surgical and Aesthetics Medicine in Dubai, as one of its Al Safeer Congress Ambassadors. The Al Safeer Congress Ambassador Programme members have been leading the way in bidding for and winning significant international conferences and ...

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Emirati women play significant global role in addressing various challenges

ABU DHABI / WAM On March 8, the UAE celebrated International Women’s Day to recognise the realities and challenges that women face, as well as to acknowledge the ongoing efforts towards women’s empowerment. The UAE has leveraged its global stature to support women’s issues by launching a series of initiatives, programmes, and plans to promote women in all communities, strengthen ...

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Silal set to launch UAE’s largest automated packhouse in Al Ain

AL AIN / WAM Silal, Abu Dhabi’s leading food, agriculture, and technology company, has announced that its state-of-the-art automated packhouse in Al Ain will deliver up to 216 tonnes of fresh produce daily and will be the largest of its kind in the UAE. Covering an area spanning 14,000 square metres, Silal’s automated packhouse includes a 4,930 square metre grading ...

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Deal inked to boost growth of Abu Dhabi industrial sector

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and Tawazun Industrial Park, established by Tawazun Council, have signed a memorandum of understanding to boost industrial sector’s competitiveness and further develop it by implementing initiatives and programmes of the Abu Dhabi Industrial Strategy (Adis). The agreement was signed by Arafat Al Yafei, Executive Director of Added’s Industrial ...

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Jafza records 30% rise in new customer registrations in ’22

DUBAI / WAM DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500 in 2022. The free zone has created unparalleled opportunities in a variety of sectors through end-to-end logistics solutions, digital trade platforms and access to DP World’s ...

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SZHP reveals first batch of beneficiaries of home loans, grants for 2023

ABU DHABI / WAM Sheikh Zayed Housing Programme (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), on Wednesday announced the first batch of beneficiaries of housing loans and grants for 2023. As part of the new policy announced in May 2022, the programme has issued 550 decisions worth AED435.750 million in loans and grants. This brings the ...

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