Local News

  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, launched the Abu Dhabi Life Science Hub in the Metaverse during Arab Health 2023, strengthening the emirate’s positioning as a life science hub The experience aims to recreate the emirate’s life science ecosystem in the metaverse through connecting ...

  Sharjah / WAM The Sharjah Art Foundation will host the 15th edition of the Sharjah Biennial from February 7 to June 11. The event will feature over 150 artists and collectives from 70+ countries and showcase over 300 artworks, including 70 new works. The biennial, curated by Hoor Al Qasimi, will take place across 19 venues in 5 cities ...

  Sharjah / WAM Arada has 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 ...

  Dubai / Gulf Time With the attendance of Sultan Butti bin Mejren, Director General of Dubai Land Department, Ahmed Al Bawardi, CEO of Tanami Arabia Co. and Chairman of Ektimal Sports Co., Humphrey Cobbold – Chief Executive Officer of PureGym UK and Turki Al Rajhi – Partner at Al Rajhi Holdings, PureGym Arabia, the franchise partner of PureGym Group ...

  Abu Dhabi / WAM The official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Islamic Republic of Pakistan, which was scheduled for Monday, will be postponed due to weather conditions. During the visit, UAE President and Pakistan’s Prime Minister were due to discuss areas of mutual cooperation between the UAE and Pakistan. A phone ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) and Microsoft UAE on Monday announced their collaboration on Industry 4.0 and broader digital transformation, aiming to set global best practice for the aluminium industry while improving the sustainability of EGA’s computing operations. Both Microsoft and EGA are members of the UAE Ministry of Industry and Advanced Technology’s Industry 4.0 Champions ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced on Monday that Muscat Stock Exchange (MSX) has now joined the “Tabadul” platform, the region’s first digital exchange hub, established on the mutual market access model that provides a trading network between stock exchanges regionally. As a result, MSX’s listed securities, along with those ...

  Dubai / WAM Mashreq, a leading financial institution in the Middle East and North Africa, reported its financial results for the year ending December 31, 2022. The bank’s operating profit was AED4.4 billion, a 39.2% increase compared to the previous fiscal year, with a net profit of AED3.7 billion ($1 billion). Mashreq had a growth of 12.1% year-to-date in ...

  Dubai / WAM Dubai is set to host the 22nd edition of the Airport Show on May 9-11, where key global airport industry players will showcase their energised enthusiasm at the trend-setting event, with three exhibitions and two conferences over three days on its sidelines. To be held under the continued patronage of HH Sheikh Ahmed bin Saeed Al ...

Abu Dhabi / Agencies Abu Dhabi Islamic Bank (Adib) announced a net profit of AED3.62 billion in 2022, a 55% increase from the previous year. The bank also reported a 60% growth in Q4 2022 with a net profit of AED1.2 billion, compared to AED728 million in Q4 2021. Adib’s revenue increased by 23% to AED6,835 million in 2022, driven ...