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UAE, Egypt sign reinsurance pact to bolster trade

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have signed a reciprocal reinsurance agreement to support Emirati and Egyptian projects in their respective countries and their initiatives around the world. The agreement between the two state-owned firms will bolster the strong trade and ...

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Meta joins Entrepreneurial Nation initiative to upskill startups, SMBs

  ABU DHABI / WAM Meta, in partnership with The Entrepreneurial Nation, announced the launch of ‘Boost with Facebook’ programme for the first time in the UAE, to support the achievement of the initiative’s goal to attract and support startups and small and medium-sized businesses (SMBs) across the country. The Entrepreneurial Nation, a project by the Ministry of Economy, aims ...

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IMF report commends UAE’s anti-money laundering efforts

  ABU DHABI / WAM The Executive Office of the Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) has been commended as part of the International Monetary Fund’s most recent Article IV report, which highlighted the UAE’s “major efforts” to improve its AML/CTF response in line with “deficiencies identified by the Financial Action Task Force.” Additional entities commended included the AML/CTF ...

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Oil pulls back from $100 amid report ‘Putin is open to talks’

  Bloomberg Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment. Brent futures rallied above $105 a barrel as Russia launched an attack on its neighbour, though prices subsequently retreated as it emerged that Western governments wouldn’t impose sanctions ...

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UAE hosts Mena’s largest Dota 2 Invitational Series

Dubai / WAM The UAE is hosting Gamers Galaxy: Dota 2 Invitational Series Dubai 2022, supported by UAE Nation Brand and New Media Academy and organised by Galaxy Racer, the largest esports, gaming and lifestyle organisation in the world, headquartered in Dubai. Galaxy Racer works with over 100 content creators across Middle East North Africa (Mena) and Southeast Asia (SEA), ...

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Dubai’s weeklong realty transactions hit AED7.1b

  DUBAI / WAM The real estate and properties transactions valued at AED7.1 billion in total during the week ending on February 25, according to Dubai Land Department (DLD). The DLD weekly real estate report sum of transactions was 2,064. 300 plots were sold for AED2.58 billion, 1,382 apartments and villas were sold for AED2.88 billion. The top transactions were ...

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Emirates signs pact with Thai tourism authority

  DUBAI / WAM Emirates has signed a Memorandum of Cooperation (MoC) with the Tourism Authority of Thailand (TAT). Under the agreement, both the tourism body and Emirates will explore joint initiatives and opportunities for collaboration that will enhance each party’s marketing and promotional efforts to attract travellers to Thailand. The MoC was signed in the presence of HH Sheikh ...

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UAE could set standard for food production in harsh climate: Prins

  DUBAI / WAM The UAE could set the standard for food production in a harsh climate, with economically feasible solutions that are driven by renewable energy and reusable wastewater, creating new ecosystems around the many ways of producing and processing food, according to a Dutch official. “We need to create an opportunity to make food production attractive again for ...

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Spain highlights its organic food at Expo 2020

  DUBAI / WAM A top Spanish official has highlighted the importance of increasing sustainable production and cultivation of organic food at an event in the Expo 2020 Dubai. Luis Planas, Spanish Minister of Agriculture, Fisheries and Food, said organic farming is growing in his country. The value of Spanish organic food exports from has reached €60,118 million in 2021, ...

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UAE leaders congratulate Kuwaiti Emir on National Day, Liberation Day

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to Sheikh Nawaf Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, on the occasion of his country’s National Day and Liberation Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and ...

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