ABU DHABI / WAM Binance, world’s biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The Financial Services Permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by the Financial ...
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Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The MoU entails Adib providing ADGM registered and licensed entities and dedicated client managers Preferential Shari’a compliant banking ...
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ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has said that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE leads global efforts to promote the values of tolerance and coexistence. In his keynote speech on the second day of the Global Media Congress marking the International ...
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Dubai / WAM Dubai International (DXB) added a new connection to its growing list of destinations with the launch of SunExpress’ direct flights between Dubai and the Turkish city of Izmir recently. This is the second Turkish route the carrier now operates into DXB after it launched scheduled operations to Antalya in September earlier this year. SunExpress is operating ...
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Dubai / WAM Arada will once more take part in Cityscape Dubai, which is taking place between November 21-23 at the Dubai World Trade Centre. During the show, which brings together some of the region’s largest developers, Arada will showcase its existing projects, Aljada and Masaar, as well as announcing new expansion plans that cater to the exceptionally strong ...
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Sharjah / WAM Air Arabia has announced the launch of a new route from Sharjah to Namangan in Uzbekistan. The new direct flights will connect Sharjah International Airport with Namangan Airport with three weekly flights starting from November 27. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are glad to further expand our reach to ...
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Abu Dhabi / WAM AD Ports group on Tuesday announced its financial results for the third quarter of 2022. The group’s revenue grew 53% year-on-year (YoY) to AED1,466 million in Q3 2022 (+35% YoY growth to AED3,755 million for the first nine months of 2022), driven by strong growth in its maritime cluster and a robust performance of its ...
Read More »DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Competitiveness Council (Nafis) have started implementing the Cabinet Resolution No. 95 of 2022 regarding violations and administrative penalties related to the initiatives and programmes of (Nafis). The resolution mandates the ministry and the council to apply administrative penalties per specialisation. The cabinet resolution provides an ...
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Abu Dhabi / Gulf Time Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX) trading values have surpassed AED1.4 billion year to date, making the Exchange’s ETFs the most liquid in the Arab world. Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units. This milestone reinforces ...
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ABU DHABI / WAM Al Seer Marine announced on Tuesday a new four IMO II/III product tankers order valued at AED643 million as part of Al Seer global expansion push this year. K Shipbuilding, the leading Korean shipyard, will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which are expected to be delivered before ...
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