News

DUBAI / WAM National Bonds, the UAE Sharia-compliant savings and investment company, owned by the Investment Corporation of Dubai, achieved outstanding growth in its Investments in 2020. According to numbers released by the company, National Bonds’ Investments increased by 13 percent in 2020 to reach AED8.8 billion, up from AED 7.8 billion in 2019. The increase in investments wasn’t National ...

ABU DHABI / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers and the Abu Dhabi Chamber of Commerce and Industry, has received Nova Iriansyah, Governor of Aceh Province, Indonesia, and the accompanying delegation at the Chamber’s tower in Abu Dhabi. Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, and his Deputy Abdullah Ghurair ...

DUBAI / WAM The Dubai Financial Market (DFM) on Tuesday announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Aramex, Air Arabia and Emirates Integrated Telecommunications Company (DU), on April 18 2021, in line with strategy to diversify investment opportunities. Similar to the inaugural equity futures contracts launched on ...

DUBAI / WAM The Ministry of Industry and Advanced Technology has signed a Memorandum of Understanding (MoU) with the Emirates Development Bank (EDB) to advance sustainable growth. The MoU aims at promoting sustainable growth in sectors vital to the national economy via offering financial solutions and banking services on terms that ensure sustainable growth for all stakeholders, in addition to ...

ABU DHABI / WAM The Emirates News Agency (WAM) has launched a new news service in Hebrew. With the launch of the service, WAM now offers news services in 19 languages for millions of people around the world. The new service will provide comprehensive media content in Hebrew, including news and written and audio-visual reports on the agency’s official website ...

Dubai / WAM The Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy closed down 11 shops, issued fines to 252 and warned 61 during the month of March after they were found to have violated the precautionary guidelines in place to limit the spread of Covid-19. The violations, found during inspections conducted across open markets and shopping centres ...

Abu Dhabi / WAM Abu Dhabi has topped a list of the world’s 25 leading cities for their response to the Covid-19 pandemic, issued by renowned London-based analytics consortium, Deep Knowledge Group (DKG). The ranking, based on 50 parameters across five categories, including healthcare and the economy, demonstrates the wide-ranging impact of the emirate’s response to the pandemic. Abu Dhabi ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Tuesday that the Unit 1 of Barakah Nuclear Energy Plant has started commercial operations. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, applauded this achievement, describing it as a significant milestone in the UAE’s long-term ...

GROZNY / WAM Ramzan Kadyrov, President of Chechnya, inaugurated a major street in the Chechen capital, Grozny, named after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During the inauguration, which was attended by Dr Mohammed Ahmed Al Jaber, UAE Ambassador to Russia, President Kadyrov highlighted ...

SHARJAH / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Sarajevo, capital of Bosnia and Herzegovina, starting May 7. Customers can now book their direct flights between Sharjah and Sarajevo by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every ...