News

  DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) has announced a dividend of AED500 million to its shareholders for the fiscal year ending on December 31, 2021. The dividend payout represents 53.4 percent of the AED936 million, the total net profit achieved by Empower for the last fiscal year that increased by 4 percent compared to 2020. The ...

  ABU DHABI / WAM In a bid to elevate community awareness about the importance of shared social responsibility and help advance social priorities that benefit the people of Abu Dhabi and the UAE at large, the Authority of Social Contribution – Ma’an is set to host the 2nd edition of the ‘Exchange’, a space designed to educate and empower ...

  DUBAI / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation and Director-General at Expo 2020 Dubai, has announced that the mega event has received an event-specific Gender Equality European and International Standard (GEEIS), a significant recognition of the World Expo’s ongoing commitment to workplace gender equality. In her speech during the “Break the Bias” forum ...

  DUBAI / WAM Bloomberg Media is expanding in the Middle East and Africa with the creation of a regional studio in Dubai, established by Bloomberg Media Studios, its branded content division. The studio will comprise a full team of creative and business professionals and will serve the growing roster of clients across the region who are looking to engage ...

  ABU DHABI / WAM Agthia Group on Tuesday announced that the group’s net revenue reached AED3.07 billion for 2021, equivalent to 49% year-on-year growth compared to same period last year, following the consolidation and integration of key acquisitions into the business. The Group’s net profit stood at AED216 million compared to AED34 million in the previous year, in which ...

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Chairwoman of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, congratulated Emirati women and all women around the world on the occasion of International Women’s Day on Tuesday. “Every day, women are proving that hard work makes ...

  RAS AL KHAIMAH / WAM Ras Al Khaimah-based real estate development and investment company Al Hamra has unveiled an ambitious five-year roadmap, from 2023-2027, to drive sustained growth through strategic developments, in line with the vision of Ras Al Khaimah’s leadership to establish the emirate as one of the leading investment, business, residential and tourism destinations. The company has ...

  ABU DHABI / WAM Buna, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF), on Tuesday signed a Memorandum of Understanding (MoU) with NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), to support the growth of trade and investment flows between the Arab world and India. The MoU ...

  DUBAI / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the Dubai International Humanitarian Aid and Development Conference and Exhibition — Dihad, starts next week on March 14 at the Dubai World Trade Centre. The leading humanitarian forum brings together some of the world’s philanthropic institutions, ...

  DUBAI / WAM The Latin America and Caribbean (LATAM) region can be an important economic partner to help Dubai meet its new target of boosting foreign trade to AED2 trillion over the next five years, according to a new guide published by Dubai Chamber of Commerce. The guide, titled Why Latin America? features valuable insights on promising economies in ...