News

Abu Dhabi / WAM The UAE is emerging as a growing investor in India’s textiles sector even as India steps up its efforts to quadruple the exports of handloom textiles in the next three years. The Ministry of Textiles here on Sunday set up a high-level, eight-member, experts’ committee to double the production of handlooms and boost exports. The committee ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development and the Industrial Development Bureau (IDB) has revealed the success of the Basic Industrial Project by introducing new 22 industrials licenses in the first year of the project. These licenses include the medical, food and electrical sectors with a total investment of AED286.4 million. Mohamed Ali Al Shorafa, Chairman ...

Bloomberg Thailand’s parliament approved the nation’s annual budget that seeks to ramp up spending on tackling the Covid-19 outbreak while slashing outlays for defense and education with the government revenue coming under pressure from a worsening growth outlook. The 3.1 trillion baht ($93 billion) spending plan for the fiscal year starting October 1 received the backing of 257 lawmakers. A ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC (ADCB) received an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’ driven by “leading digital transformation initiatives” to support small businesses as well as its robust customer data protection and information security practices. Following the upgrade, ADCB is now ranked by MSCI as a global “leader” and in the ...

Abu Dhabi / WAM Members of the UAE Parliamentary Division of the Federal National Council (FNC) met virtually with Gennaro Migliore, Chair of the Parliamentary Assembly of the Mediterranean (PAM), to discuss means of bilateral cooperation and coordination at the regional and international parliamentary levels. Present at the meeting were FNC members Maryam Majid bin Theneya, Chairwoman of the division’s ...

DUBAI / WAM Dubai Municipality has won the UK Royal Society for the Prevention of Accident (RoSPA) award. The Municipality won the “RoSPA Inspiration Award” in the category of Health and Safety Team of the Year 2021 – Middle East for the Mini-Crisis Cell Working Group System to Limit the Spread of Covid-19. The award contributed to strengthening Dubai Municipality’s ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from President Joe Biden of the United States of America, during which President Biden thanked the UAE and its leadership for their support in helping evacuate American diplomats and nationals ...

ABU DHABI / WAM Adnoc Distribution on Sunday announced that it will be included in the FTSE Emerging Markets (EM) Index, from September 16 (close of business). Inclusion is subject to final confirmation by FTSE on September 6. Adnoc Distribution was included in the FTSE EM Index by FTSE Russell after meeting the requirements and will now be part of ...

Abu Dhabi / WAM Ministers and key officials of several developing countries across the globe have lauded the efforts of the Abu Dhabi Fund for Development (ADFD) in driving sustainable economic development in their countries. Noting that the fund has played a significant role in financing thousands of development projects across strategic sectors, they highlighted the profound change brought about ...

AL AIN / WAM The United Arab Emirates University (UAEU), the flagship institution with an independent pavilion at Expo 2020 Dubai, has revealed its pavilion’s facade design built on the theme of the ‘University of the Future’ (UoF). The new theme represents a new model of education which is focused on preparing the next generation in solving employability challenges, by ...