News

ABU DHABI / WAM Abu Dhabi-listed tech-focused holding company Multiply Group (Multiply) has signed a binding commitment to invest $75 million in global visual content creator and marketplace Getty Images. With a broad portfolio that includes the Getty Images, iStock and Unsplash brands, the firm reaches and empowers a broad base of retained customers ranging from international enterprises to amateur ...

  Abu Dhabi / WAM The drivers of the UAE’s economy in 2021 included five key pillars, which are the launch of an industrial strategy worth AED300 billion, the start of trading in Murban crude oil, the launch of the first projects of the “Projects of the 50”, Expo 2020 Dubai, and the announcement of President HH Sheikh Khalifa bin ...

  Abu Dhabi / WAM The Emirates Development Bank (EDB) has announced that its Business Banking App has supported more than 500 UAE-based SMEs and start-ups by opening accounts for them in less than 48 hours over the past three months, reinforcing its growing demand and the significance. Designed to support the SMEs operating within the UAE, the app offers ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) has announced that UAE nationals with diplomatic, special and normal passports can now travel to the Republic of Tajikistan without pre-entry visas and for stays of up to 30 days for each visit. The decision comes into effect on January 1, 2022. Entry to Tajikistan for ...

  DUBAI / WAM Dubai Chamber has announced that it will shift to a 4.5-day working week starting January 3, 2022, in a move that falls in line with a newly approved work week for the UAE federal government employees. The official working hours will be 9 working hours per day Monday-Thursday, from 8:00 until 17:00, and four working hours ...

  Dubai / WAM DP World’s flagship Jebel Ali Port received MV Atlantic Pioneer, the first vessel from Kaiso Line, an Indonesia-based shipping company at its container terminal. The vessel left Jakarta on November 26 and reached the UAE on December 11. The call demonstrates how Jebel Ali Port is a vital link in the global trade network, connecting markets ...

  DUBAI / WAM Shaheen H Al-Ghanem, CEO of Warba Bank, a leading Kuwaiti Islamic Bank, Tuesday rang the market-opening bell to celebrate the listing of the bank’s $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). This is the third Sukuk listing by Warba Bank ...

  Sharjah / Gulf Time The sixth edition of Xposure International Photography Festival – the largest premier photography and imaging show in the Mena region – is all set to expand the visual literacy of audiences in the UAE through the lens of internationally renowned photographers whose compelling and insightful perspectives and the causes they champion will be unveiled to ...

  Bloomberg Chancellor of the Exchequer Rishi Sunak plans to cut tens of thousands of jobs within the UK civil service over the next three years, the Financial Times (FT) reported. The Treasury is expected to set parameters for the reductions in early 2022, the newspaper reported, citing people briefed on the plans. The reductions are meant to save government ...

  Bloomberg Canada has welcomed more than 401,000 permanent residents in 2021, achieving its goal set last year, and marking the highest immigration year on record. The federal government announced the milestone, adding that the record immigration flows were attained despite the ongoing pandemic, which prompted the country to close its borders to foreigners for much of the year. Because ...