News

UAE, Oman sign deal to invest $3bn to link railway network

  Muscat / WAM On the sidelines of President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s visit to Oman, Oman Rail, the Sultanate’s national developer and operator of railway networks, signed an agreement with Etihad Rail, the developer and operator of the UAE National Rail Network, to jointly establish an equally-owned company, Oman-Etihad Rail Company. The newly created entity ...

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UAE President sends letter of thanks to Sultan of Oman

  Muscat / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a letter of thanks to His Majesty Sultan Haitham bin Tariq, the Sultan of Oman, after leaving Muscat at the conclusion of a state visit to the Sultanate of Oman, in which His Highness expressed his heartfelt thanks and appreciation for the warm welcome and ...

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IHC acquires 54% stake in Emircom for AED250m

  ABU DHABI / WAM International Holding Company (IHC) announced on Wednesday the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. This AED250 million transaction comes as part of the IHC’s group-wide strategy to grow its digital assets portfolio and expand into new growth areas. ...

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UAE one of the quickest economies to reach its pre-pandemic levels

  ABU DHABI / WAM The UAE has consolidated its position as one of the quickest economies to reach its pre-pandemic levels among GCC peers, said Issam Abousleiman, Country Director of the GCC Countries, Middle East and North Africa at the World Bank. In an interview with the Emirates News Agency (WAM), Abousleiman said the UAE led the world with ...

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Adnoc Distribution to pay AED1.28bn as H1 dividend

  ABU DHABI / WAM Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum AED2.57 billion (20.57 fils per ...

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Adib expands ITM network in Abu Dhabi, Al Ain

  Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced the expansion of its popular Interactive Teller Machines (ITM) network with the addition of two new machines in Marina Mall, Abu Dhabi, and Oud Al Toba branch in Al Ain. The bank has witnessed a rapid growth in ITM usage year-on-year as of ...

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Adnoc Distribution OKs $350m interim cash dividend for H1 ’22

  ABU DHABI / WAM Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum AED2.57 billion (20.57 fils per ...

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WAM, Oman News Agency ink media cooperation deal

  Muscat / WAM A delegation from the Emirates News Agency (WAM) on Wednesday signed a media cooperation agreement with the Oman News Agency (ONA), on the sidelines of the official two-day visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman. The agreement aims to strengthen their cooperation in exchanging news and organising ...

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IHC acquires majority stake in Emircom for AED250mn

  ABU DHABI / WAM International Holding Company (IHC) announced on Wednesday the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. This AED250 million transaction comes as part of the IHC’s group-wide strategy to grow its digital assets portfolio and expand into new growth areas. ...

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CNN Academy Abu Dhabi welcomes new participants

  ABU DHABI / WAM CNN Academy Abu Dhabi opened its doors for 2022 with a new group of 30 aspiring journalists eager to learn from experts at the world’s leading news brand. Becky Anderson, Managing Editor of CNN Abu Dhabi and Anchor of Connect the World, met the participants at twofour54’s Yas Creative Hub for a series of introductory ...

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