News

  ABU DHABI / WAM The Reach Campaign has revealed that its ’50 Days to Transform 5 Million Lives’ initiative has generated enough funds and commitments to transform the lives of 5 million people at risk of neglected tropical diseases (NTDs). Made possible by the generosity of individuals and corporate partners, the campaign received several million dirhams in donations, which ...

  Fujairah / Gulf Time National Bank of Fujairah announced on Wednesday that it won the coveted award “Best Bank in Terms of Digital Banking Services for the year 2021” from the World Union of Arab Bankers (WUAB) for the NBFX Platform. Earlier this year, NBF launched its electronic trading platform NBFX, expanding its digital offerings to include a bespoke ...

  Dubai / WAM Commercial Bank of Dubai (CBD) announced the opening of its Digital Lab at the Dubai International Financial Centre (DIFC) Innovation Hub, the region’s largest innovation ecosystem. The CBD Digital Lab was inaugurated by CBD Chairman, Humaid Alqutami, CBD Vice Chairman, Sultan Saeed Al Mansoori, and the Governor of DIFC, Essa Kazim. Senior Executives from CBD including ...

  SHARJAH / WAM The Environment and Protected Areas Authority in Sharjah (Epaa) launched the “A Day in the Reserve” programme, which is distributed over four sites on specific dates, at the Khor Kalba Mangrove Centre, Wasit Wetland Centre, Geological Park in Al Buhais, and Al Muntather Reserve. Taking place until December 23, the programme includes families of different nationalities, ...

  ABU DHABI / WAM Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced on Tuesday a new long-term agreement with Adnoc Logistics and Services (Adnoc L&S). Through this partnership, Adnoc L&S will manage integrated logistics for Borouge to a new main logistical hub at Khalifa Port and Kizad in Abu Dhabi. The new agreement covers transportation and ...

  Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (Fanr) convened and approved the operational plan of Fanr for the year 2022. The plan outlines a number of strategic projects to further strengthen Fanr’s regulatory oversight to regulate the nuclear and radiation sectors in the UAE to ensure the safety of public, ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank PJSC (Adib) announced that it has provided over AED1 billion in UK commercial real estate financing during 2021. The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion. Adib extended AED181 million in financing to Saudi Fransi Capital (SFC), ...

  ABU DHABI / WAM Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, on Tuesday signed a memorandum of understanding to facilitate strategic cooperation between the two institutions. As part of the MoU, Mubadala and Mumtalakat will explore worldwide co-investment opportunities. They will also exchange knowledge and best practices to enhance ...

  Bloomberg Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading towards a phase that could be dangerous if there’s not enough spending on energy,” Saudi oil minister Abdulaziz bin Salman said in Riyadh. The result could be an “energy crisis,” he said. The minister ...

Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB), the regional leader in the design, new build, repair, maintenance, refit and conversion of naval and commercial vessels, today marked a major milestone in serving the naval and maritime industry in the UAE and beyond for 25 years. ADSB commenced operations with the vision of becoming a trusted naval defence partner ...