News

  Dubai / WAM The launch of Dubai’s Metaverse Strategy by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, positions the city as a global pioneer offering the world’s most advanced and connected ecosystem where the metaverse community can thrive in a dynamic and enabling environment. The move consolidates ...

  Abu Dhabi / WAM Abu Dhabi University (ADU) has received the highest accolade accreditation, a ten-year full reaccreditation without reservation, from The American Western Association of Schools and Colleges (WASC), a world-renowned accrediting association and one of the six regional accrediting agencies in the US. This singular clean bill-of-health comes after many months of scrutiny of ADU by a ...

  ABU DHABI / WAM Ghitha Holding, a subsidiary of International Holding Company (IHC), announced its second quarter results for 2022 with a profit of AED80.65 million, surging by more than 471% for same period last year. Ghitha reported record-breaking numbers, led by its revenue reaching AED576 million, which shows immense growth of 276%, soaring up from AED153 million in ...

  Abu Dhabi / WAM The Ministry of Economy announced one of the first businesses to join the landmark NextGenFDI initiative – Krush Brands, a full stack food technology, multi-kitchen food service company. The announcement comes three weeks after the launch of the global initiative in collaboration with seven strategic partners and representatives of key national entities in the UAE. ...

  Sharjah / WAM More than 20 high school students expanded their learning and knowledge about careers that go beyond the conventional path during a 10-day interactive programme held at the Sheraa Hub at the University of Sharjah, in partnership with Sajaya Young Ladies of Sharjah and School of Humanity, a Sheraa alumni. The ‘Jobs of the Future’ programme highlighted ...

  ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the central bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third auction of the Treasury Bonds programme (T-Bonds), which is part of the AED9 billion T-Bond issuance programme for ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received a phone call from Nicolae Ciucă, Prime Minister of Romania, during which they discussed cooperation relations between the UAE and Romania, and ways of enhancing and developing them in various fields.They also explored joint cooperation, especially in economic, investment and developmental fields, to ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has announced that the gross banks’ assets, including bankers’ acceptances, rose to AED3,442.7 billion at the end of May 2022, an increase of 2.9%, compared to AED3,344.8 billion at the end of April 2022. In its report on the monetary & banking developments for May 2022, CBUAE clarified ...

  ABU DHABI / WAM Chimera Capital, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment, announced on Monday the launch of the Chimera S&P Turkey Shariah ETF (Bloomberg: CHTRSHIN). The fund is a physical, in-kind, liquid and fully fungible exchange-traded fund (ETF), and will track the performance of Turkey-listed, Shariah-compliant securities. The Chimera S&P Turkey Shariah ETF, the ...

Dubai / WAM Brokerage companies in the Dubai Financial Market (DFM) added 20,552 new investor accounts in the first seven months of 2022. The market also witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (Dewa), the Tecom group, and Union Coop. The number of new accounts in ...