Local News

  Dubai / WAM The official opening of the Intelligent Health Pavilion took place at Arab Health 2023, in partnership with Intelligent Health Association (IHA), allowing visitors to experience live use cases of the latest advances in sustainable healthcare technology across the care continuum. Running until February 2 at the Dubai World Trade Centre, the Intelligent Health Pavilion showcases how ...

Abu Dhabi / WAM Abu Dhabi National Exhibition Centre, part of the Adnec group, is preparing to host major international exhibitions and conferences in 2023, welcoming visitors, exhibitors, and speakers from all over the world. Almost one-third (33 per cent) of these events will take place for the first time in Abu Dhabi and the Middle East, aligning with the ...

  Dubai / WAM ENBD Reit, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its net asset value (NAV) at December 31, 2022. ENBD Reit’s NAV amounted to $173 million ($0.69 per share), up from $168 million at December 31, 2021. This reflects the continued positive momentum in the Dubai real estate ...

Dubai / WAM Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, has released a report detailing plans to boost the emirate’s digital economy. The report projects the national digital economy will reach $140 billion in 2031 from $38 billion today. The study highlights the importance of the chamber’s efforts and collaboration with stakeholders to establish ...

  Abu Dhabi / WAM AD Ports Logistics (ADPL), provider of integrated end-to-end business solutions and a subsidiary of AD Ports group’s Logistics Cluster, has announced the addition of a new distribution business line that will see the company secure exclusive distribution rights for a range of healthcare products. The new business line targets the GCC’s fast-growing healthcare and life ...

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, President-Designate for COP28, and Chairman of Masdar, conferred with Bruno Le Maire, France’s Minister of the Economy, Finance, and Industrial and Digital Sovereignty, as part of the French minister’s visit to the UAE. In light of the COP28 climate change conference, the UAE ...

  Sharjah / WAM Arada announced the completion of the first homes in East Village, the third residential phase in its AED24 billion Sharjah megaproject Aljada. In total, 1,621 apartments have been finished across 14 buildings. Featuring 2,000 units in total, East Village is targeted at the younger generation and consists of 16 apartment blocks that are characterised by fresh ...

  Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB) on Tuesday reported its financial results for fiscal year (FY) 2022, with AED6.434 billion in net profits, an increase of 23 percent compared to FY 2021. The bank’s net interest income was to the tune of AED10.194 billion, an increase of 15 percent compared to FY 2021, while non-interest income ...

Dubai / WAM Emirates NBD Securities, a leading brokerage firm in the UAE, has partnered with Abu Dhabi Securities Exchange (ADX) to provide traders with instant access to the exchange’s listed companies, enabling it to offer instant trading account opening and digital onboarding to another UAE stock exchange. The partnership will allow more than one million Emirates NBD customers to ...

Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture), in cooperation with the Consulate General of Japan in Dubai, organises a photo exhibition “Dubai in the Year 1962”. This photo exhibition will be held at Al Safa Art and Design Library until March 17, to celebrate the 50th anniversary of the establishment of diplomatic relations between the UAE and ...