Local News

Arab Youth Centre organises 5th edition of ‘Youth Pitches’

SHARM EL-SHEIKH / WAM The “Youth Pitches” initiative of the Arab Youth Centre held its fifth edition in Sharm El-Sheikh, within the framework of the Conference Of Youth – COY17 that Egypt is hosting ahead of COP27 conference, which was attended by several Arab and youths from across the world. The initiative provides Arab youth with opportunities to showcase their ...

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BofA says rush to cash now at fastest pace since pandemic

Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to strategists at Bank of America Corp (BofA). The asset class had inflows of $62.1 billion in the week through November 2, according to a note from the bank citing EPFR Global ...

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ADSB to help build high-end vessels for Indonesia’s naval, coast guards

Jakarta / WAM   Abu Dhabi Ship Building (ADSB), an Edge entity, on Friday signed a memorandum of understanding with PT PAL Indonesia, Indonesia’s state-owned shipbuilder, to strengthen cooperation and to leverage the capabilities of both partners to build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements. Speaking on the occasion, ...

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UAE’s efforts in spreading values of brotherhood, tolerance lauded

Abu Dhabi / WAM Dr Ahmed El-Tayeb, Grand Imam of Al-Azhar and Chairman of the Muslim Council of Elders, has received at his residence in Bahrain, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, on the sidelines of their participation in the “Bahrain Forum For Dialogue: East And West For Human Coexistence”. Dr El-Tayeb welcomed Sheikh Nahyan ...

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Abu Dhabi tells visitors to discover experiences at their own pace

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has unveiled its latest campaign “Experience Abu Dhabi. Find Your Pace”. The campaign shares a variety of experiences that inspire, excite and restore, welcoming the world to come and enjoy memorable moments that matter – in their way and at their own pace. Experience ...

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UAE imposes AED2.25m in fines on three firms

Abu Dhabi / WAM The Ministry of Economy imposed AED2.25 million worth of administrative sanctions on three companies, two of them working in the gold and gemstones sector and one in the real estate sector. The move is part of the ministry’s efforts to strengthen the compliance of the business sector and non-designated financial professions (DNFBP) in the country with ...

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Wizz Air Abu Dhabi to start flights to Tashkent

Abu Dhabi / WAM Wizz Air Abu Dhabi has announced the launch of its latest route to Uzbekistan’s capital Tashkent. This step reaffirms the airline’s commitment to provide travellers with the opportunity to explore numerous experiences across many destinations within its network. The flight to Tashkent will commence in January 2023 and will operate on Monday, Wednesday and Friday. Michael ...

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EGA receives platinum UAE Innovation Award

Dubai / WAM Emirates Global Aluminium (EGA) has won a platinum UAE Innovation Award from Dubai Quality Group for the company’s success in creating a global competitive advantage through innovation and continuous improvement. Abdulnasser bin Kalban, Chief Executive Officer of EGA, said, “We are honoured to be recognised at the UAE Innovation Awards. Innovation and continuous improvement have been at ...

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Sheikh Zayed Festival to open in Al Wathba on November 18

Abu Dhabi / WAM Under the auspices of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the guidance of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, Sheikh Zayed Festival 2022-2023 will be launched on November 18 at Al Wathba, Abu Dhabi. The Higher Organising Committee of the Sheikh Zayed ...

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UAE-China trade up 28% to $64b in 8 months of ’22

Abu Dhabi / WAM  UAE-China bilateral trade has exceeded $64 billion during the first eight months of 2022, which marked a 27.93 percent increase compared to the same period last year, a top Chinese diplomat told the Emirates News Agency (WAM) “China has become the UAE’s largest non-oil trading partner in the world, and the UAE remained China’s second-largest trading ...

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