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NBQ’s H1 net profit reaches AED165.30m

  Umm Al Qaiwain / Gulf Time National Bank of Umm Al-Qaiwain has posted a net profit of AED165.30 million for the six months of the year 2022. Net profit has cost to income stood at 29.38% during six months, reflecting the bank’s operational efficiencies and disciplined cost management. The bank is focused on exercising prudence and building up provisions ...

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UAE President appoints chiefs for unitary federal authority

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued federal decrees appointing the Directors-General of the Federal Authority for Identity, Citizenship, Customs and Port Security. As per the decrees, Major General Suhail Saeed Al Khaili will serve as the Director-General of the Federal Authority for Identity, Citizenship, Customs and Ports Security. The decrees ...

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Dewa commissions 287 11kV substations in first half of ’22

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has commissioned 287 11kV substations in Dubai in the first half of 2022. This is part of its efforts to provide a state-of-the-art infrastructure according to the highest international standards. These stations are primarily in Al Merkad, Jabal Ali First, Saih Shuaib 2, Al Jadaf, and Burj Khalifa areas. Building these ...

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Dubai committee OKs 2,000 residential plots for citizens

  Dubai / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Higher Committee for Development and Citizens Affairs, chaired by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved immediate allocation ...

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Sharjah Education Council unveils 2023-2025 strategy

  Sharjah / WAM The Sharjah Education Council has launched its 2023-2025 strategy, ushering in a new stage in its journey, which continues through endeavours to achieve lasting excellence in its outputs and higher performance levels. During a meeting held at its headquarters in Sharjah, in cooperation with Maestro Company, Sharjah Education Council announced launch of its strategic plan with ...

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UAE sees 1,307 new recoveries from Covid-19

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 236,774 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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Adihex 2022 to feature ‘Arabian Horse Auction – Speed Races’

  Abu Dhabi / WAM The Abu Dhabi International Hunting and Equestrian (Adihex) has announced that it will be introducing the Adihex 2022 Arabian Horses Auction – Speed Races as the newest feature in its upcoming edition, Adihex 2022. Adihex 2022 will see the participation of a wide range of regional companies specialised in the manufacture of riding supplies, trailers, ...

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UAE-French ties witness remarkable development

  ABU DHABI / WAM Xavier Chatel, French ambassador to the UAE, described the visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France as successful and important in all domains, especially as it is the first official visit of His Highness as UAE President. The visit also underscores the deep-rooted friendship and cooperation between the two ...

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UAE strongly condemns attack on Dohuk in Iraq

  Abu Dhabi / WAM The UAE strongly condemned the attack that targeted a tourist area in the Dohuk governorate in the Kurdistan region, in the north of the Republic of Iraq, which resulted in deaths and injuries. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s strong condemnation of these criminal acts, and its permanent rejection ...

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CBI first bank in UAE to launch virtual location in Metaverse

  Abu Dhabi / WAM Commercial Bank International (CBI) has announced that it is the first bank in the UAE to launch a virtual location in the Metaverse. CBI, a UAE-based corporate and retail bank, is the first bank in the UAE and among the first early adapter banks in the Middle East region as well, to open a virtual ...

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