News

Abu Dhabi / GULFTIME    The Abu Dhabi Securities Exchange (ADX) is celebrating a year of unprecedented success for its derivatives trading market. In just 12 months since its launch in November 2021, the ADX derivatives market has grown to become the most liquid derivatives market in the Arab region, while being the youngest. In its first year, it has achieved ...

Dubai / WAM  Emirates Central Cooling Systems Corporation PJSC (Empower), on Wednesday announced that, following the successful completion of the book-build and public subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED1.33 per share, at the top of the price range. Following two successful upsize announcements, a total of ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan, issued Federal Decree-Law No. 25 of 2022 regarding the regulation and development of industry. The new law was introduced to support the organisation and development of the national industrial sector by increasing the flexibility to adopt more supportive policies and provide incentives. The law aims to be ...

Dubai / WAM DP World has teamed up with Emirates Development Bank (EDB), signing a memorandum of understanding to provide small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform. It includes a formal framework for EDB and DP World to provide SMEs with access to trade financing at competitive rates via DP World’s trade ...

Abu Dhabi / WAM The Media Regulatory Office (MRO) at the Ministry of Culture and Youth and the Abu Dhabi Early Childhood Authority (ECA) have launched a specialised guide featuring the best practices for covering children-related news. The guide aims to support local media outlets present a purposeful and constructive message to children and community members. It is also intended ...

Sharjah / WAM The Sharjah Government Media Bureau (SGMB) will participate in the Global Media Congress, which will be held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, by Abu Dhabi National Exhibitions Company (Adnec) in partnership with the Emirates News Agency (WAM) at the Abu Dhabi National ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced the signing of a strategic partnership with WebBeds, one of the world’s leading providers of accommodation and ground product distribution services to the travel industry. The strategic partnership, which was announced at this week’s World Travel Market (WTM) 2022, will help drive ...

SHARM EL SHEIKH / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Abdel Fattah El Sisi of Egypt witnessed the signing of an agreement between Masdar, one of the world’s fastest-growing renewable energy companies, along with its Infinity Power joint venture with Infinity, Egypt’s main renewable energy developer, and Hassan Allam Utilities, to develop a 10-gigawatt ...

Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has announced the signing of an agreement to form a joint venture between its parent company AD Ports group, and Al Fanar Gas group, part of UAE’s leading diversified conglomerate, Ethmar Holdings. The new company, “Kezad Industrial Services”, ...

Abu Dhabi / WAM Al Yah Satellite Communications Company (Yahsat) on Tuesday announced its financial results for the nine-month period ended September 30, announcing revenue of AED1.2 billion, up 11% year-on-year and adjusted Ebitda of AED694 million, up 10% year-on-year. The company also announced a normalised net income of AED278 million, up 39% year-on-year, and contracted future revenue of AED7.6 ...