News

Dubai / WAM The Telecommunications and Digital Government Regulatory Authority (TGDRA) announced that the National Laboratory has been equipped to inspect telecom devices with the latest technologies to examine mobile devices compatible with 5G technology, which aims to ensure that these devices meet the approved technical standards. The lab has the capacity to scan mobile devices that provide 5G services. This ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, announced today its partnership with the Saudi Railway Company (SAR), by signing a strategic agreement establishing a framework for the exchange of services, training, and knowledge transfer. Shadi Malak, Chief Executive Officer of Etihad Rail, and Dr Bashar Al Malik, Chief Executive Officer of ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) & Abu Dhabi Motorsports Management (ADMM) on Wednesday announced an extension to their long-term strategic partnership. Supporting the health and wellbeing of the UAE community, and providing more ways to participate in motorsport at all levels, will be key areas of focus, with Adnoc playing a pivotal role in ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) introduced its e-gaming business set-up package, which supports investors in the fast-growing gaming value-chain such as software and hardware developers, publishers, streaming and support services providers. The newly launched package covers 18 e-gaming core and support service activities, and investors can select up to three activities in their primary ...

DUBAI / WAM Egyptian and Emirati officials discussed collaborations to develop the content of the Digital School to provide a certified high-tech online education to reach students in disadvantaged communities across the world. In a meeting, Omar Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications and Chairman of the Board of Directors of ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has declared 2021 “The Year 50”, in the UAE, as the nation celebrates its milestone Golden Jubilee. “The Year 50” officially starts on April 6, 2021 and lasts until March 31, 2022. The declaration is coupled with the announcement of year-long initiatives, activities, and grand celebrations that ...

DUBAI / WAM Emirates Global Aluminium (EGA) on Tuesday reported adjusted earnings before interest, taxes, depreciation and amortisation (adjusted Ebitda) of AED4.1 billion ($1.13 billion) for 2020, a 63 percent increase over 2019. EGA’s smelting Ebidtda margin for 2020 was 23 percent (2019: 14 percent), ranking amongst the best globally, the company said on Tuesday. EGA flexed its aluminium product ...

Abu Dhabi / WAM The UAE gross bank assets, including bankers’ acceptances, rallied to AED3.172 trillion by the end of January 2021, figures by the central bank of the UAE have shown. Gross credit in banking system likewise grew from AED1.779 trillion by the end of December 2020 to AED1.779.2 trillion in January, with total bank deposits going up to ...

NEW DELHI / WAM The largest number of Indians returning to the jobs they had left abroad last year due to disruptions caused by the coronavirus pandemic has been to the Gulf, India’s External Affairs Minister, Dr S Jaishankar, told Parliament on Monday. “The focus of our efforts in the last few months has now shifted to Indians going back ...

ABU DHABi / WAM Upbeat sentiments continued for the third day straight at UAE financial markets amid increased cash flows that saw the twin bourses of Abu Dhabi and Dubai gaining a combined AED17.4 billion since Sunday. The two bourses on Tuesday posted gains of around AED6.6 billion in market cap, with ADX closing higher around 0.72 percent than the ...