News

  Dubai / WAM Regarding the news on the suspension of some flights to certain US airports due to 5G deployment, the Telecommunications and Digital Government Regulatory Authority (TDRA) has clarified that this issue is exclusively related to the relevant US airports. “There is no disruption or interference in the UAE between 5G networks and air navigation systems,” affirmed a ...

Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, announced on Thursday the formation of a joint venture (JV) with PT Mitrabara Adiperdana Tbk (Mitrabara), a conglomerate focused on the energy sector, to target the fast-growing commercial & industrial (C&I) segment of the renewable energy market in Indonesia. The JV, PT Masdar Mitra Solar Radiance, which ...

  Abu Dhabi / WAM Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, and Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, signed a memorandum of understanding (MoU) to advance the UAE’s economic diversification agenda. This will be achieved by identifying potential collaboration opportunities across sectors ...

  MEXICO CITY / WAM A delegation from the Emirates News Agency (WAM) has discussed ways to enhance media cooperation with a number of media entities in Mexico. The discussion took place during the delegation’s visit, led by Mohammed Jalal Al Rayssi, Director-General of WAM, to Mexico, at the end of a tour to Latin America, which included Brazil and ...

  Abu Dhabi / WAM The UAE Space Agency and Masdar will establish the nation’s first Space Economic Zone in Masdar City to create an integrated business ecosystem to propel startups and SMEs. It is the first of many space-tech hubs the UAE Space Agency will launch to create a competitive private sector, build national capabilities and contribute to the ...

  Sharjah / WAM Sharjah is bringing together 70 world-renowned photographers on a single platform to showcase their vivid and compelling images at the sixth edition of Xposure International Photography Festival at Expo Centre Sharjah from February 9-15 across 45 solo and group exhibitions that offer a window to the wider world around us. Photography’s powerful role as a tool ...

  Sharjah / WAM Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in December 31, 2021, an increase of 26.7% compared to AED405.8 million for the same period in 2020. The bank also reported AED850.7 million in operating profits , an increase by 21.9%, compared to AED697.7 million in the previous year. Despite the ...

  DUBAI / WAM UAE consumers are leading the way globally in prioritising sustainability as a food and drink mandate, a new survey by Bord Bia revealed. Bord Bia, the Irish food board, explored purchasing habits across 13 countries to better understand how different markets are responding to these changes. The pandemic has inadvertently accelerated a shift in shopping and ...

  Bloomberg Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are curbed by disruptions, the International Energy Agency (IEA) said. The surplus facing world markets this year is shrinking, with oil demand — slightly upgraded from last month — on track to hit pre-pandemic levels of 99.7 ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the leading International Financial Centre in Abu Dhabi, on Wednesday announced that it had achieved a “carbon-neutrality” status by offsetting its 2021 carbon emissions as an organisation. It reinforces ADGM’s commitment to building a progressive and more sustainable economy, and in addition, positioning ADGM as the first IFC in the world ...