News

Emirates Stallions acquires 70% stake in WFC Holding

Abu Dhabi / WAM Emirates Stallions Group (ESG), an ADX-listed company and a subsidiary of International Holding Company (IHC), acquired 70% of WFC Holding, a UAE leading technology, data-driven and outsourcing company specialised in Business Process Outsourcing (BPO) and Manpower Outsourcing (MPO). WFC Holding, through its subsidiaries Workforce Connexion, Integrated Business Centre, Corporate Solutions Consultants, and Multi-Serve Typing, provides clients ...

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Expo 2020 Dubai attracts almost 4.8 million visitors

DUBAI / WAM Expo 2020 Dubai visit numbers have climbed to 4,766,419 in the period up to November 28, driven by music, sporting stars and continued strong take-up of the November Weekday Pass. Jubilee stage played host to a packed week of entertainment, including Kuwaiti singer Abdullah Al-Ruwaished and famed Egyptian singer Mohamed Hamaki, while a formidable all-female line-up delighted ...

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Multiply Group to list on main market of ADX

ABU DHABI / WAM Multiply Group, a subsidiary of International Holding Company (IHC), will list directly on the Abu Dhabi Securities Exchange (ADX) on December 5, offering investors the opportunity to invest in the field of disruptive digital technology and other key industries. Multiply Group, which had assets of AED 8.16 billion and 3,240 employees as at end of September, ...

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ECI, Greece’s export credit agency sign deal to boost bilateral trade

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with Greece’s Export Credit Insurance Organisation (ECIO), to enhance the bilateral trade and economic cooperation between the UAE and Greece. The two state export credit agencies will support local businesses of both countries operating in agriculture, construction, steel and aluminium, ceramics, ...

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WAM produces documentary to mark UAE’s 50th National Day

Abu Dhabi / WAM The Emirates News Agency (WAM) has announced the production of a documentary entitled “1971”, coinciding with the celebrations of UAE’s 50th National Day. The 13-minute documentary provides documentation on the march of the Union, whose foundations were laid by the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. It presents the country’s development experience, ...

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Expo 2020 Dubai visit numbers nudge 4.8mn

Dubai / WAM Expo 2020 Dubai visit numbers have climbed to 4,766,419 in the period up to November 28, driven by music, sporting stars and continued strong take-up of the November Weekday Pass. Jubilee stage played host to a packed week of entertainment, including Kuwaiti singer Abdullah Al-Ruwaished and famed Egyptian singer Mohamed Hamaki, while a formidable all-female line-up delighted ...

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ADIB awards AED450.000 to 3 Islamic finance enterprises

Emirates Business Abu Dhabi Islamic Bank (Adib), a leading financial institution, and Refinitiv, a London Stock Exchange Group business, on Monday announced that it has awarded AED 450.000 to three Islamic finance enterprises as part of its 6th edition of Ethical Finance Innovation Challenge and Awards (Efica) which was launched to recognise companies and individuals that successfully develop ground-breaking solutions ...

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Sheikh Mohammed approves AED3.8bn Dubai housing plan

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved AED3.8 billion housing projects in Dubai. As part of the new projects, 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas. The projects also include an AED 500 million ...

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EGA signs pact with GE to cut greenhouse gases

Abu Dhabi / WAM Emirates Global Aluminium (EGA) and GE Gas Power signed a memorandum of understanding (MoU) develop a roadmap to reduce greenhouse gas emissions from the operation of EGA’s existing GE natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilisation, and storage solutions. The MoU was signed by Abdulnasser bin Kalban, CEP ...

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