News

  Ajman / WAM Ajman Free Zone (AFZ) announced a remarkable growth of 45 percent in its e-commerce sector since the beginning of this year, reaffirming AFZ’s position as a global business hub with advanced solutions and state-of-the-art facilities. The announcement was made during AFZ’s attendance in the Seamless Middle East 2022 conference. The latest results can be attributed to ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has implemented artificial intelligence (AI) at 11 of its healthcare centres for significantly faster reading and interpretation of retinal images. In line with Seha’s commitment to enhancing patient outcomes through the latest innovations, the new service will largely benefit Seha’s diabetic patients and facilitate early detection and intervention of ...

Bloomberg The Biden administration announced $2.1 billion in new funding to bolster food supply chains, including the efforts to support smaller processors and help farmers shift to the organic production. The initiatives will begin to have an impact on lowering food inflation “as we get in the tail end of 2022 and into 2023,” Agriculture Secretary Tom Vilsack told reporters ...

Bloomberg Meta Platforms Inc.’s Sheryl Sandberg, who became one of the most recognised figures in global business after helping Facebook transform from a startup into a multibillion-dollar advertising powerhouse, is stepping down as chief operating officer (COO). Sandberg, 52, will remain on the board of Meta, the parent company of Facebook, Instagram and WhatsApp, according to a post on the ...

Abu Dhabi / WAM The UAE will chair the Committee on The Peaceful Uses of Outer Space (Copuos). With 100 member states, Copous is one of the largest UN committees and plays a major role in governing the exploration and use of space for the benefit of all humanity. Sarah bint Yousif Al Amiri, Minister of State for Public Education ...

  KYRGYZSTAN / WAM Abdullah bin Touq Al Marri, Minister of Economy, said the UAE and Kyrgyzstan are establishing a new era of economic cooperation led by their private sectors, which will double the value of their trade. In an interview with WAM, while heading an Emirati economic and commercial delegation visiting the Kyrgyz capital, Bishkek, Al Marri noted that ...

  Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib) has registered a significant increase in its digital banking channels usage during the first quarter of 2022. According to Adib, 40% of customers’ personal finance applications are now taking place digitally on its mobile app, up from 30% in Q1 last year. The bank currently has over 700,000 customers ...

  Sharjah / WAM The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a memorandum of understanding (MoU) with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (Saif) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in either of ...

  Sharjah / WAM Arada, a property development company based in Sharjah, successfully completed the issuance of its first public financing deal, a $350 million sukuk, which has been listed on the London Stock Exchange. The five-year fixed rate RegS debut sukuk issuance was rated BB- by Fitch and B1 by Moody’s. The sukuk was priced at par with a ...

Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday announced that it signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a ...