News

  Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA), represented by the Department of Safety and Prevention, held a brainstorming session to discuss the national framework for preparedness and public safety. The session saw the participation of a number of federal and local agencies concerned with managing institutional and community risks. The session discussed a ...

  ABU DHABI / WAM The UAE’s citizens’ housing file in 2022 has achieved significant regulatory progress, and attained massive financial allocations for federal and local plans and projects amounting to some AED25.28 billion. On June 5, President His Highness Sheikh Mohamed bin Zayed Al Nahyan ordered the completion of the housing grants from previous years’ worth AED2.3 billion, as ...

  Abu Dhabi / WAM The UAE affirmed its support for China’s sovereignty and territorial integrity, as well as the importance of respecting the “One China” principle, while calling for adherence to relevant United Nations resolutions. In a statement issued by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE indicated its concern over the impact of any ...

  Dubai / WAM Dubai Aerospace Enterprise (DAE) Ltd on Thursday has reported an increase of 186 percent in its profit for the first six months of this year, reaching $140.1 million. According to the company’s financial results, cash flows from operating activities increased by 36 percent to $678.5 million. The company reported available liquidity of $2.7 billion, saying that ...

  Ras Al Khaimah / WAM UAE’s first used battery recycling centre will be built in Ras Al Khaimah with an investment of AED62.4 million by Royal Gulf Industries. Ras Al Khaimah Economic Zone (Rakez) has welcomed this state-of-the-art lead acid battery recycling company to its industrial ecosystem. A subsidiary of Hyderabad Castings Limited and part of Nakhat Group, the ...

  DHAHRAN / WAM Saudi Arabian Oil Company (Aramco) signed a memorandum of understanding (MoU) with China Petroleum and Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to Adnoc Drilling to hire 8 jack-up offshore rigs. The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion) respectively, awarded by Adnoc Offshore, will support the expansion of ...

  Dubai / WAM Amanat Holdings has announced its financial results for the first six months of this year, reporting an adjusted net profit of AED67.4 million, a 7 percent increase on the AED63.1 million reported in the same period of 2021. On an adjusted basis, excluding the prior year’s gain on sale and trading results from divested entities, the ...

  Cairo / WAM Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), has met with Ahmed Khalil, Chairman of the Board of Trustees of the Egyptian Money Laundering and Terrorist Financing Unit (Egyptian AML/CTF), as well as Judge Hatem Aly, Regional Representative of the United National Office on Drugs and Crime ...

  ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib), in collaboration with DIFC FinTech Hive hosted a “speed meeting” session for the sixth consecutive year. The session aimed at meeting shortlisted participants of the first sprint of the FinTech Accelerator programme 2022, to evaluate how their solutions can integrate within Adib operations. This year, eight FinTech startups from various ...