News

Abu Dhabi / WAM Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has succesfully closed its $750 million five-year bond issue, priced at a fixed re-offer yield of 1.639 percent per annum in the Regulation S markets. This was the second USD transaction issued under EDB’s $3 billion Euro Medium Term ...

Ajman / WAM Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry, discussed with Jaan Reinhold, Ambassador of Estonia to the UAE, prospects of economic collaboration and ways to boost bilateral trade between two nations. This came as part of the ambassador’s visit to the chamber to explore ways to benefit from the investment opportunities the two ...

Abu Dhabi / Emirates Business The honourable Swiss Ambassador to the UAE, HE Massimo Baggi, visits Mohammed Rasool Khoory & Sons newly opened Rolex Boutique at The Galleria Al Maryah Island. The honourable ambassador was received at the Boutique by Yousef Al Khoori, CEO of Mohammed Rasool Khoory & Sons. The new boutique offers a comprehensive Rolex experience. It provides ...

Dubai / WAM According to Coursera’s Global Skills Report 2021, the UAE ranks first in the Mena region and second globally in overall business skills, only after Luxemburg. This year’s study draws on performance data since the pandemic’s onset from more than 77 million learners on the platform to benchmark skills proficiency across business, technology, and data science for over ...

Abu Dhabi / WAM Abu Dhabi University (ADU) has retained its position in the top 701-750 universities globally in the prestigious Quacquarelli Symonds (QS) World University Rankings for 2022 for the fourth year in a row while continuing to significantly improve its position on various indicators. The university has improved its score in different key indicators. Compared to previous performance, ...

ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Board of Directors of the Environment Agency – Abu Dhabi (EAD), launched the largest coral reef rehabilitation project in the region, including more than one million colonies of coral reef through a replanting programme, with the aim of increasing ...

ABU DHABI / WAM Abu Dhabi is accelerating the growth of the Culture and Creative Industries (CCI) through an AED30+ billion investment strategy that sees the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) cements its leadership position as the custodian of all the multidisciplinary sectors within the CCI. The culture and creative industries are key drivers ...

ABU DHABI / WAM The UAE has strongly condemned the Iran-backed Houthi terrorist militias’ targeting of a fuel station in the Yemeni governorate of Marib with missiles and booby-trapped aircraft, which resulted in several deaths and injuries to innocent civilians, including children. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) on Tuesday announced the listing of the bonds of the Emirates Telecommunication Group company (Etisalat) under the issuer’s medium-term note programme with a total amount of Euro1 billion (AED 4.47 billion) in two tranches, starting June 14. The listing of bonds in two tranches is subject to Securities and Commodities ...

Dubai / WAM Agri-tech startup Desert Control is ready to launch commercial rollout of liquid natural clay (LNC) — an innovation that turns deserts into fertile land — after joining the alumni network of in5, an enabling platform for tech, media and design entrepreneurs in Dubai. The company is the latest in5 graduate to leave the business incubator and pursue ...