News

DUBAI / WAM The UAE and Russia on Tuesday signed an intergovernmental agreement pledging to promote the use of outer space for peaceful purposes and enhance cooperation between their space agencies in priority areas. Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology and the Chairwomen of the UAE Space Agency, and Dmitry Rogozin, Director-General of the Russian ...

ABU DHABI / WAM International Holding Company (IHC) and Arena Events Group, a world-leading events services business listed on the London Stock Exchange, have announced a recommended AED 359 million ($98 million) cash offer at 21 pence per Arena Events Group ordinary share by IHC subsidiary, Theta Bidco Ltd, company created by IHC Industrial Holding LLC and Tasheel Holding Group ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office and Chairman of the Executive Committee of Adnoc’s Board of Directors, has launched a landmark clean energy partnership between the Abu Dhabi National Oil Company (Adnoc) and Emirates Water and Electricity Company (EWEC). ...

DUBAI / WAM Dubai CommerCity, the first and leading e-commerce free zone in the region, has signed a strategic Memorandum of Understanding (MoU) with Mashreq, one of the leading financial institutions in the UAE. The MoU aims to offer Small to Medium Enterprises (SME) with the ideal ecosystem for setting up their e-commerce business, through providing them with access to ...

Dubai / WAM Abdullah Ali Ateeq Al Sabousi, UAE Ambassador to Australia, has said that Expo 2020 Dubai promotes international cooperation in drafting a global action plan to achieve sustainable development. In an interview with the Emirates News Agency (WAM), Al Sabousi highlighted the importance of the UAE’s hosting of Expo, a platform for promoting the country’s overall capacities and ...

Emirates Business The National Bank of Ras Al-Khaimah (Rakbank) announced a consolidated net profit of AED534.7 million for the nine-month period ended September 30, compared to the net profit of AED438.6 million for the same period last year. The total assets during the period equated to AED54.5 billion, increasing by 4.1% year-on-year and by 3.3% year-to-date. There are several factors ...

DUBAI / WAM Dubai CommerCity, the first and leading e-commerce free zone in the region, has signed a strategic Memorandum of Understanding (MoU) with Mashreq, one of the leading financial institutions in the UAE. The MoU aims to offer small to medium enterprises (SME) with the ideal ecosystem for setting up their e-commerce business, through providing them with access to ...

Dubai / WAM DP World Limited has handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2021, with gross container volumes increasing by 11.9 percent year-on-year on a reported basis and up 11.4 percent on a like-for-like basis. On a Q3 2021 basis, DP World handled 19.8 million TEU, ...

Dubai / Emirates Business Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, on Tuesday announces the launch of Skyz Tower, a Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding AED475 million. The project will be developed at ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 352,721 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out necessary treatment. As ...