News

  RAS AL KHAIMAH / WAM Aldar Properties (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 square metre Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real estate development and investment company, for a total consideration of AED410 million. The transaction adds further scale and diversification ...

  DUBAI / WAM DP World, the world’s leading provider of smart logistics, and the government of the Democratic Republic of the Congo (DRC), on Tuesday laid the first stone to mark the start of construction of the new Banana Port. The ceremony was attended by Félix-Antoine Tshisekedi, President of DRC, and Sultan Ahmed bin Sulayem, Group Chairman and CEO ...

  ABU DHABI / WAM G42 Cloud, a UAE-based cloud computing provider, on Tuesday announced a strategic collaboration with Kyndryl, the world’s largest IT infrastructure services provider. Through this collaboration, G42 Cloud and Kyndryl aim to accelerate cloud adoption in the UAE and the Middle East. The companies will also look to help drive IT and business reinvention for customers ...

  ABU DHABI / WAM Sanad, a wholly-owned subsidiary of Mubadala Investment Company, on Tuesday launched its new strategy to expand the business beyond the aerospace sector. The company has also appointed Mansoor Janahi, currently Deputy Group CEO of Sanad, as the new Group CEO to lead the growth stage under the new strategy. The strategy and leadership announcements follow ...

  Abu Dhabi / WAM The US-based Global Excellence Award (GEA) has awarded Al Hosn app the “App Of The Year 2021” in the Covid-19 Response category. The achievement is the result of the collaboration between the Ministry of Health and Prevention (MoHAP), Alhosn National Health System, and the health sector at large. It also reflects the advanced level of ...

  DUBAI / WAM Under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture), the Authority on Tuesday announced that a unique mix of artistic and cultural events will be held under the umbrella of the Dubai Art Season (DAS) 2022 during February and March. This year’s ...

  Dubai / WAM Dubai Financial Market Company on Tuesday announced its consolidated results for the financial year ended December 31, 2021, posting a net profit of AED103.8 million compared to AED137.9 million in 2020. Total revenues reached AED294.6 million compared to AED337.2 million. The total revenue comprised AED213 million operating revenues and AED81.6 million investment revenues and others. The ...

  Dubai / WAM General Women’s Union (GWU) and Aurora50, a UAE-based social enterprise dedicated to building the pipeline of female leaders needed for the future boards, have signed cooperation agreement to advance female representation on UAE boards. The signing ceremony was attended by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Co-Founder of Aurora50, and Noura Al Suwaidi, Secretary-General ...

  Abu Dhabi / WAM The second edition of the Human Fraternity Festival will start on Wednesday at Expo 2020 Dubai, organised by the Ministry of Tolerance and Coexistence, in collaboration with the Higher Committee of Human Fraternity, with the participation of international and Arab entities, including representatives of Al-Azhar and the Vatican. The event will celebrate the UAE’s efforts ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that Zayed II Military College is one of the most important and oldest military educational edifices in the UAE, noting that its founding coincided with the UAE’s establishment. In a speech ...