News

  Abu Dhabi / WAM Abu Dhabi (SCAD) has announced statistical data that reflects rapid growth in most of Abu Dhabi’s oil and non-oil activities at constant prices in 2021, underscoring the effectiveness of economic policies, the robustness of Abu Dhabi’s local economy and the recovery from the Covid-19 crisis. The results announced by SCAD at constant prices indicate that ...

  Abu Dhabi / WAM Abu Dhabi Airports and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have signed an agreement to launch the “Miles on the Go” product at Abu Dhabi International Airport. Etihad Guest members can now instantly earn and spend Etihad Guest Miles when shopping at participating merchants located at Abu Dhabi International Airport. By simply ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following the completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  SHARJAH / WAM Sharjah FDI Office (Invest in Sharjah) has announced that the Sharjah Economic Ramadan Majlis (SERM) will return for its eighth edition on April 19 at the House of Wisdom at 21:00 — 23:00, with the theme ‘Emerging Opportunities in Virtual Investments’. To be held in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of ...

  ALEXANDRIA / WAM The Arab Sea Ports Federation (ASPF) has concluded its 59th meeting, in which the UAE was elected as President of the Federation, represented by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group. The meeting was attended by representatives of 16 member states in the Federation, along with Dr Ismail Abdel Ghafar, ...

  Dubai / WAM According to a report during Investopia summit, quantum computing technology is advancing rapidly, and is on track to enable solving more complex business problems through enhanced optimisation, machine learning and simulation. This is bringing transformation potential to multiple industries, making it possible to discover new remedies in life sciences, improve wealth management scenarios in financial services, ...

  DUBAI / WAM Dubai Chamber of Commerce announced the formation of the UAE Pharma Business Group, which aims to establish a framework to promote and support the growth of local manufacturers of medicine within the UAE, GCC and internationally. The group is expected to welcome 50 member companies who will represent expertise across key sub-sectors in the pharmaceutical industry ...

Abu Dhabi / WAM Teachers, students and parents throughout Abu Dhabi are eyeing a major step to education normalcy after the Abu Dhabi Department of Education and Knowledge (ADEK) relaxed a slew of school-related Covid-19 prevention protocols. ADEK announced in a circular sent to all private and Charter Schools that all students must return to in-classroom learning. Only weeks after ...

  ABU DHABI / WAM Abu Dhabi Airports and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have signed an agreement to launch the “Miles on the Go” product at Abu Dhabi International Airport. Etihad Guest members can now instantly earn and spend Etihad Guest Miles when shopping at participating merchants located at Abu Dhabi International Airport. By downloading ...

  Bloomberg Oil held its earlier gains as the European Union (EU) was said to plan a phaseout of Russian coal imports but steer clear of sanctioning the country’s oil and gas for now. West Texas Intermediate was up 1.2% after earlier advancing as much as 2.2%. EU nations are deeply split over the next steps to take against Russia, ...