News

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has extended its partnership with Al Bayt Mitwahid Association for a year. A non-profit organisation dedicated to celebrating unity and promoting a culture of giving, Al Bayt Mitwahid provides an open platform for UAE communities to take part ...

Abu Dhabi / WAM The total value of the UAE’s foreign trade in the past five decades amounted to some $9.32 trillion (AED34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD). Additionally, the country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion). The UNCTAD’s figures also reported that the ...

Abu Dhabi / WAM The UAE with its abundant solar power has the potential to become an exporter of renewable hydrogen to Europe in the future, a top European Union (EU) official told Emirates News Agency (WAM). “What is important for us, in addition to scaling up renewable hydrogen in the EU, is to create a global hydrogen market that ...

Vienna / WAM The Opec Fund for International Development (OFID) signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade directly among corporates or through financial intermediaries. The Opec Fund’s support will assist in boosting Afreximbank’s liquidity to grow its loan portfolio as it finances exports and imports in critical sectors such as agriculture, ...

Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the UAE government announced the launch of the UAE Railways ...

Dubai / WAM DP World’s flagship Jebel Ali hub including Jebel Ali Port and Jebel Ali Free Zone (Jafza) will highlight the growth prospects in the sector and their competitive offerings with their participation in the 15th edition of Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum from December 7-9. The forum serves as a vital platform for the chemical ...

ERBIL / WAM Ahmed Al Dhaheri, UAE Consul-General to the Kurdistan Region of Iraq, and Kwestan Mohamad Abdulla Maarouf, Minister of Labour and Social Affairs of Kurdistan, discussed several issues of common interest and coordination regarding social projects implemented by the UAE in Kurdistan. Maarouf extended her appreciation to the UAE, its leadership, its charitable institutions (Emirates Red Crescent and ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has extended its partnership with Al Bayt Mitwahid Association for a year. A non-profit organisation dedicated to celebrating unity and promoting a culture of giving, Al Bayt Mitwahid provides an open platform for UAE communities to take part ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) is bolstering its efforts to attract direct foreign investments in Dubai and support foreign companies in establishing business in the emirate, by signing a memorandum of understanding (MoU) with the Torino Chamber of Commerce. The agreement will help attract Italian companies launch operations in the free zone. The signing came during ...

Fujairah / Emirates Business National Bank of Fujairah (NBF) PJSC announced on Sunday the launch of the “Ahlan” SME account and “OneStop” business account, two exclusive banking products that provide businesses with access to unique features including hassle-free digital banking anytime, anywhere. Through these offerings, NBF expands its award-winning banking services and expertise across various sectors to meet retail businesses ...