News

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) continued its strong growth trajectory during the first three quarters of 2022, recording a 16.9 percent surge in its benchmark index, the FTSE ADX 15 (FADX 15). The growth was driven by a rising number of institutional and individual investors on the exchange, a trading uptick on ADX’s fast-growing ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation summoned the ambassador of the Kingdom of the Netherlands to the UAE and informed him of the UAE’s strong protest and denunciation of the interference of his country’s ambassador to the Hashemite Kingdom of Jordan in Jordan’s internal affairs. The ministry affirmed the UAE’s solidarity with the ...

Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, and Ayman Al-Mufleh, Jordanian Minister of Social Development, signed a memorandum of understanding (MoU) on cooperation in social development issues between the governments of the UAE and Jordan covering seven areas. The areas include rehabilitation and empowerment of persons with disabilities (people of determination), family development, productive families, protection ...

  Abu Dhabi / WAM To mark the arrival of the first-ever hydrogen-based ammonia test cargo from the UAE to Germany, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change, along with Dr. Robert Habeck, German Vice Chancellor and Federal Minister for Economy and Climate Action, on Friday attend a ...

  Abu Dhabi / WAM Safeen group’s offshore division, part of AD Ports group, has announced the acquisition of a support vessel to enhance the group’s subsea service capabilities. Built in 2014, the vessel will operate under the name ‘Safeen Surveyor’ and will undergo an extensive conversion prior to commencing operations, including installation of an integrated dive system to support ...

  Dubai / WAM A total of 2,703 real estate transactions worth AED8 billion were conducted during the week ending October 21, according to figures released by the Dubai Land Department. 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion. The top transactions were a land Fourth sold for AED85 million in ...

ABU DHABI / WAM The fifth edition of Culture Summit Abu Dhabi, a global cultural forum, will welcome more than 180 cultural leaders from around the world at Manarat Al Saadiyat from October 23-25. Under the theme ‘A Living Culture’, the global event is set to explore the future of the culture sector and discuss creative solutions to some of ...

Dubai / WAM Today, the UAE leads global efforts in clean and renewable energy through its strategies and investments in this field. In 2021, the UAE announced the UAE Net Zero by 2050 Strategic Initiative, with investments of more than AED600 billion in clean and renewable energy until 2050. This makes it the first country in the Middle East and ...

Sharjah / WAM Arada has successfully closed a $100 million tap of its existing $350 million sukuk, which was issued in June and listed on the London Stock Exchange. The tap was priced at 99 cents on the dollar, with an investor yield of 8.386%. Arada’s existing five-year fixed rate RegS debut sukuk issuance was rated BB- by Fitch and ...

  Abu Dhabi / WAM EasyLease, the leading Mobility Solution company, a subsidiary of Abu Dhabi-based International Holdings Company (IHC), released its financial results and board meeting resolution letter for the third quarter of 2022, after market close on Friday, recording 32% YTD increase in net profit, higher by 17% than the market estimate. Easy Lease has posted a standalone ...