News

  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, ...

  ABU DHABI / WAM The Federal Authority for Identity, Citizenship, Customs and Ports Security has announced the suspension of the issuance of the residence sticker for foreigners residing in the UAE as of April 11. The goal is to develop services provided to customers and enhance their happiness. The Emirates ID card issued to foreigners residing in the UAE ...

  DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a surge in demand for DGCX’s G6 ...

Bloomberg The World Bank has lowered its growth forecasts for East Asia and the Pacific to 5% from 5.4% forecast in October, and warned growth could slow to 4% if conditions weaken further. The latest outlook reflects a hit to the region from Russia’s invasion of Ukraine, rising interest rates in the US and slowing growth in China. Ongoing supply ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has concluded its first-ever Visit Abu Dhabi Roadshow event in Tel Aviv, Israel, with the successful two-day event hosted in partnership with Etihad Airways and Experience Hub. The roadshow saw key stakeholders join DCT Abu Dhabi representatives to showcase the UAE capital as the ...