ABU DHABI / WAM First Abu Dhabi Bank (FAB) will be expanding its regional footprint with the opening of a representative office in Iraq, as part of its targeted international growth strategy to facilitate regional trade flows and continually strengthen its global client service model. The UAE is one of Iraq’s most important trading partners, with the value of ...
Read More »
ABU DHABI / WAM Wizz Air Abu Dhabi has announced the launch of a new route from Abu Dhabi to Mattala, Sri Lanka, to introduce a new segment of travel by adding its first destination to South Asia. Michael Berlouis, Managing Director of Wizz Air Abu Dhabi, commented, “Sri Lanka is an exciting destination that has everything; beautiful beaches, ...
Read More »Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Arrangement (MoA) with New Zealand Export Credit (NZEC) to boost bilateral trade relations and enhance the capabilities of SMEs in both countries to expand globally, without worrying about the payment risks due to commercial or non-commercial reasons. ECI and NZEC have ...
Read More »
DUBAI / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, has said that the UAE government is focusing on building a new generation of young coders, enhancing their capabilities and skills in the fields of coding and modern technology, and empowering them with tools and expertise. This aligns with the ...
Read More »
ABU DHABI / Agencies The UAE on Thursday affirmed its commitment to the Opec+ agreement. “The UAE remains committed to the Opec+ agreement and its existing monthly production adjustment mechanism,†affirmed Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, in a statement to Emirates News Agency (WAM). “The UAE believes in the value the Opec+ agreement brings ...
Read More »
ABU DHABI / WAM Masdar City and Mashreq Bank have signed a Memorandum of Understanding (MoU) to provide financial services to Small and Medium-sized Enterprises (SMEs) and start-ups based in the City. This will include easy access to NeoBiz, the bank’s first digital banking platform designed specifically for start-ups and SMEs. The MoU was signed by Abdulla Balalaa, Executive ...
Read More »
DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has announced the launch of the “One Billion Meals†campaign to secure food aid for vulnerable communities in 50 countries. Organised by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the campaign is an expansion of the UAE’s ...
Read More »
NEW YORK / WAM The United Arab Emirates announced a commitment of $85 million to support humanitarian operations in Ethiopia. In coordination with the Famine Relief Fund, the contribution will be disbursed to several agencies, including the World Food Programme (WFP), the International Committee of the Red Cross (ICRC), the United Nations Children’s Fund (UNICEF), and the United Nations High ...
Read More »
Abu Dhabi / Gulf Time Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 280 outlets spread across 10 countries celebrate Mother’s Day by launching an exclusive jewellery collection that can be gifted to mothers as a shimmering tribute to their selfless love. Arab Mother’s Day is celebrated on March ...
Read More »
ABU DHABI / WAM Abu Dhabi’s agricultural production has achieved remarkable growth in terms of volume and value, with the total value of agricultural production reaching about AED13.7 billion in 2020, with an increase of 12 percent compared to 2019, growing at a compound annual growth rate of 6.5 percent for 2017-2020. Statistics collected by the Abu Dhabi Agriculture ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.