News

Dubai / WAM Food aid operations of the “100 Million Meals” campaign have been completed in two refugee camps in Jordan, providing over 4.7 million meals in cooperation with the UN World Food Programme (WFP). The massive distribution comes a month after the 100 Million Meals campaign concluded, securing 216 million meals, double its target, to vulnerable communities in 30 ...

Dubai / WAM Drydocks World, a leading provider of marine and offshore services to the shipping, oil, gas and energy sectors, is launching a digital transformation project to enhance its core systems to deliver operational efficiencies and improved customer service. The transformation project will leverage IFS Cloud to meet its growing enterprise resource planning and asset management needs, according to ...

Dubai / WAM Pakistan has unveiled its logo for Expo 2020 Dubai and the theme at a grand media unveiling event in the presence of ministers and top government officials. Under its theme “The Hidden Treasure”, with an inviting façade and an immersive walkthrough experience inside, it aims to showcase Pakistan’s vast opportunities in tourism, commerce and investment to the ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) discussed ways to strengthen economic cooperation, develop trade relations and mutual investment between the Emirate of Sharjah and the Republic of Kazakhstan, during the visit of a high-level delegation from the country at its headquarters, on Monday. The two sides discussed strengthening cooperation in many areas, and promising investment ...

Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) has hosted a halal certification webinar in cooperation with the Belarusian Chamber of Commerce and Industry (BeICCI), where they explored the role of the halal certification system in increasing the supply of food products to Islamic markets, product conformity assessment, as well as facilitating the movement of goods ...

Sharjah / WAM “Sharjah is committed to supporting refugees around the world by extending a strong and reliable helping hand reflected in several sustainable humanitarian programmes that mirror the ethos of our cultural project”, said HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, during a virtual event held to honour the winner of ...

DUBAI / WAM The number of real estate transactions in the emirate of Dubai in May reached 4,429, the highest total sales transaction values since March 2017 in excess of AED11.11 billion, with a growth of 1.4 percent compared to last April. A total of 20,989 real estate sale transactions were recorded from January to May worth AED 47.19 billion, ...

Abu Dhabi / WAM Emirates Development Bank (EDB) on Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) platform, to expand funding options for the small and medium-sized enterprises (SMEs). The announcement follows EDB’s strategic pledge to support SMEs, startups and large corporates across five priority sectors including manufacturing, healthcare, infrastructure, food security and ...

Dubai / WAM The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) jumped across all terms post the Central Bank of the UAE increased on Thursday its base rate applicable to the overnight deposit facility (ODF) by 5 basis points to 15 bps, replicating the US Federal Reserve’s move on Wednesday, according to the CBUAE’s figures. The one-year ...

Bloomberg Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors of its kind. The new entity will boast assets of over $250 billion, according to the chief executive officer of Hassana Investment Co, the investment management arm of the kingdom’s ...