Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) has announced the details of the second mission of the UAE Astronaut Programme. The SpaceX Dragon spacecraft, named Endeavour, atop a Falcon 9 rocket, will carry the UAE astronaut and Mission Specialist Sultan Al Neyadi, along with two Nasa astronauts, Mission Commander Stephen Bowen, and Pilot Warren Hoburg, and Roscosmos ...
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Dubai / WAM Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The bank’s strong performance was driven by higher funded and non-funded income, coupled with a reduction in cost of risk. The bank also reported a 36% increase in operating profit and a 15% increase in total assets ...
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Dubai / WAM Arab Health, the Middle East’s largest healthcare exhibition and congress, will be held in Dubai from January 30 to February 2 at the Dubai World Trade Centre. The exhibition will host more than 45 country pavilions, including, for the first time New Zealand, Singapore, Tunisia, Indonesia and Estonia. With more than 3,000 exhibitors taking part, there ...
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Dubai / Gulf Time Tanishq, India’s most-loved jewellery brand from the Tata group, has opened its 7th boutique in the UAE. The new store at Dubai Silicon Oasis (DSO) was inaugurated by Kuruvilla Markose, CEO, International Business Division—Titan Company Limited. Conveniently located in Silicon Central, the beautifully designed 2300 square-foot store houses an exquisite range of gold and diamond ...
Read More »Dubai / WAM Dubai South announced the signing of an agreement with Bright Capital Investment, a school operator and investment company seeking to create one of the largest educational platforms in the UAE, to lease and operate a premium-quality, affordable British School in the thriving Dubai South Residential District, alongside Expo Road and in proximity to Expo City Dubai ...
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Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) welcomed over 4,200 new companies to its business community in 2022, recording 18% growth compared to 2021. Commenting on this economic growth, Rakez group CEO Ramy Jallad said, “The latest numbers indicate how far we have come with our commitment to position the emirate of Ras Al Khaimah as ...
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Abu Dhabi / WAM The investments of banks operating in the UAE exceeded AED511 billion at the end of November 2022, the highest level in 13 months, according to the latest statistics of the central bank of the UAE (CBUAE). The CBUAE’s statistics – in its banking indicators report issued on Wednesday – also showed an annual increase of 7.7 ...
Read More »Abu Dhabi / WAM A delegation from the Emirates News Agency (WAM) headed by Mohammed Jalal Al Rayssi, Director-General of WAM, has visited a number of media entities in Costa Rica to promote cooperation in news exchange. The visit aligns with the UAE’s hosting of the United Nations Climate Change Conference of the Parties (COP28) in Expo City Dubai ...
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Abu Dhabi / WAM A total of 4.1 million hotel visitors stayed in Abu Dhabi hotels during 2022, 24% up from 2021, data by the Department of Culture and Tourism – Abu Dhabi, revealed. Hotel revenues climbed by 23% from the previous year to AED5.4 billion in 2022. The statistics showed that Abu Dhabi hotels recorded occupancy rates of ...
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Abu Dhabi / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has successfully issued a 5.25-year $600 million bond at US Treasury +105 Basis Points (bps) which resulted in an all-in yield of 4.514 percent, on January 19. This marks FAB’s second USD issuance in a space ...
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