News

Abu Dhabi / Gulf Time National Takaful Company (Watania) on Thursday announced financial results for 2021 that ended December 31, 2021, reporting a net profit of AED 7.6 million and achieved total comprehensive income of AED18.8 million for FY21 as compared to AED 20.1 million for FY20. Gross written contribution of the company grew by 8.1% year-on-year to AED347.5 million ...

  Abu Dhabi / WAM Khalifa University partnered with Coursera Inc., one of the largest online platforms in the world, making its rich and relevant content accessible to Coursera learners worldwide. Khalifa University will launch six specialisations on Coursera in the second half of 2022, including Machine Learning and Deep Learning Methods: From Data to Decisions; Artificial Intelligence for Executives; ...

  DUBAI / WAM Pakistan celebrated its National Day at Expo 2020 Dubai showcasing its young musical talent, alongside a focus on strong bilateral ties, trade and economy. Najeeb Mohammed Al-Ali, Executive Director, Expo 2020 Dubai Commissioner General Office, welcomed Afzaal Mahmood, Ambassador of Pakistan to the UAE and Commissioner General, Pakistan Pavilion. Al-Ali said, “The Pakistan Pavilion ignites meaningful ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Wednesday announced that its startup community ramped up approximately AED 1.5 billion of investments since inception and secured AED 30 million in 2021 through over 20 corporate deals during the year. The aggregate valuation of Hub71 startups soared to AED 5.87 billion, with close to 1,000 jobs created ...

  DUBAI / WAM ‘Dubai Can’, the citywide sustainability movement launched by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, in February 2022, has generated significant results in line with World Water Day. One month since the launch of the campaign on February 15, the initiative has resulted in ...

  DUBAI / WAM Shuaa Capital, a leading asset management and investment banking platform, on Wednesday announced the launch of Shuaa Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments. The fund is the largest venture debt fund in the GCC and has been established to support the growth of regional technology and technology-enabled leaders that are ...

  ABU DHABI / WAM In line with its commitment to support the Emirati entrepreneurial ecosystem and boost their contribution to UAE’s economic growth, the Emirates Development Bank (EDB) has received a high-level delegation from Emirati Entrepreneurs Association (EmiratiEA) to discuss closer collaboration and accelerate support for Emirati start-ups and SMEs. The EmiratiEA delegation was led by Sanad Mohammed Al ...

  DUBAI / WAM Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million, data released by the emirate’s Land Department (DLD) showed. The sales included 376 villas and apartments worth AED849.54 million, and 98 land plots worth AED671.55 million. The mortgages included ...

  Dubai / WAM Shuaa Capital, a leading asset management and investment banking platform, on Wednesday announced the launch of Shuaa Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments. The fund is the largest venture debt fund in the GCC and has been established to support the growth of regional technology and technology-enabled leaders that are ...

  Dubai / WAM Marcos Troyjo, President of the New Development Bank, said that the UAE is a “prime example of an economic miracle”, while speaking at the fourth edition of the Global Business Forum Latin America (GBF LATAM) 2022, which kicked off on Wednesday in Dubai. In a session titled ‘New Priorities for the Post-Covid World’, Troyjo explored the ...