News

ABU DHABI / WAM Khalifa Shaheen Al Marar, Minister of State, is heading the UAE delegation participating in the Paris International Conference to Support the Sudanese Transition and the Summit on Financing African Economies in Paris, France. President Emmanuel Macron of France is hosting the international conference on Sudan at the Grand Palais Ephémère, with the attendance of 18 presidents ...

ABU DHABI / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a $30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank’s Member States. The first of its kind to be signed by Adex with ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced the signing of a Memorandum of Understanding with Dubai Municipality to consolidate cooperation on developing a geolocation infrastructure project in Dubai as part of the Geo Dubai initiative. The MoU, signed by Saeed Mohammed Al Tayer, MD & CEO of Dewa; and Dawood Al Hajri, Director-General of Dubai Municipality, includes ...

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE issued Law No. (11) of 2021 partially amending Law No. (13) of 2016 concerning the Judicial Authorities in the Emirate of Dubai. Pursuant to the new law, the Secretariat General of the Dubai Judicial ...

Bloomberg Abu Dhabi’s main stock index rises to a record, even amid heightened tensions in the region, as the benchmark’s biggest member surged on hopes of foreign inflows. The ADX General Index climbed 3.5% at the close on Sunday, after earlier gaining as much as 3.8%, boosted by gains for First Abu Dhabi Bank (FAB), the biggest lender in the ...

DUBAI / WAM The UAE Federation of the Chambers of Commerce and Industry (FCCI) has signed a Memorandum of Understanding (MoU) with Moldova’s Chamber of Commerce and Industry to form a joint business council for Emirati and Moldovan business owners. The MoU calls for promoting investment and economic opportunities between the two countries, enhance their commercial cooperation, boost their commercial ...

Abu Dhabi / WAM Public and private schools that follow the Ministry of Education’s curriculum, as well as international schools, resumed classes following the Eid al-Fitr vacation. School administrations stressed their keenness to carry out their academic plans, in line with pre-set timelines and before the start of end of year exams. The Emirates Foundation for School Education (Taaleem) recently ...

Bloomberg India’s oil demand worsened in first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19. Sales of road transport fuels during May 1-15 dropped by a fifth from previous month and about 28% from same period in 2019, according to people familiar with preliminary data from country’s ...

Sharjah / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

Abu Dhabi / WAM Etihad Airways has announced it will give away 10,000 prizes this week during Arabian Travel Market (ATM) taking place live in the UAE. The prizes form part of the airline’s commitment to giving away 50,000 prizes throughout the year in celebration of the UAE’s 50th Anniversary. Everyone signed up to the airline’s UAE 50 campaign will ...