News

Dubai / WAM National Bank of Fujairah (NBF) announced the launch of its electronic trading platform – NBFX, which offers customers digital experience to hedge their treasury requirements. The new platform is available for both conventional and Shariah-compliant banking customers on a 24/5 basis, which means that customers can execute transactions during and beyond the bank’s working hours and benefit ...

ABU DHABI / WAM A high-level UAE delegation headed by Abdullah bin Touq Al Marri, Minister of Economy, will visit the United Kingdom this week to discuss the development of economic relations and explore more opportunities to enhance cooperation between the two countries. During the visit, the two sides will also discuss the expansion of partnerships at both public and ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) has published the ‘Typologies in the Financial Sector’ report, produced by the Supervisory Authorities Sub-Committee, which is chaired by CBUAE. The Supervisory Authorities Sub-Committee includes Abu Dhabi Global Market and Dubai Financial Services Authority, the Executive Office for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), and the ...

Abu Dhabi / WAM Zayed University has moved up in the 2022 Times Higher Education (THE) World University Rankings to 601-800 from the 801-1000 band in 2021. The (THE) rankings, which are an annual ranking of higher education institutions globally, are released on an annual basis, providing insightful information to academic industries around the globe, based on the achievement scores ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 368,242 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Dubai / WAM Mai Dubai, a bottled water company fully owned by Dubai Electricity and Water Authority (Dewa), has made a landmark milestone with the launch of the fastest bottled water production line in Asia, Oceania, and Africa (AOA) region. Saeed Mohammed Al Tayer, MD and CEO of Dewa, inaugurated Mai Dubai’s water line, which was completed in collaboration with ...

SHARJAH / WAM A new recreational labour park has been opened in Al Sajaa Industrial area of Sharjah. The project is in implementation of the development plan aimed at providing integrated services to achieve comfort and happiness in the community, and in line with the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler ...

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) on Sunday announced that since the beginning of 2021 it has accredited 34 new slaughterhouses to export red and white meat, as well as chilled and frozen meat products, to the UAE. This increases the total number of accredited slaughterhouses outside the country to 186. Moreover, to guarantee the ...

Bloomberg Ports operating in the US’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes. The port of Los Angeles will expand weekend operating gate hours while neighbouring Long Beach will extend the hours during which trucks can pick up and return containers, they said in a joint statement. ...

Bloomberg Italy’s government will spend around 3.5 billion euros ($4.1 billion) to protect consumers from a surge in energy prices that’s hit countries across Europe, according to people familiar with the matter. The disbursement could be approved as soon as next week, the people said, asking not to be named discussing confidential plans. Prime Minister Mario Draghi’s administration is also ...