News

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met on Tuesday with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at Qasr Al Bahr in Abu Dhabi. During the meeting, Their Highnesses exchanged greetings with the Majlis attendees and engaged in cordial conversations, in ...

ABU DHABI/WAM SAFEEN Subsea, part of AD Ports Group’s Maritime & Shipping Cluster, has launched “SAFEEN Green,” a state-of-the-art remotely operated unmanned vessel (USV) designed to revolutionise marine surveys and inspections thanks to its capacity to deliver geophysical data to commercial standards and its operational efficiency and environmental sustainability. SAFEEN Green represents a significant advancement in the subsea services industry. ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Sergei Shoigu, Secretary of the Security Council of the Russian Federation, in Abu Dhabi on Tuesday. During the meeting at Qasr Al Shati, His Highness and Mr Shoigu discussed ongoing efforts to enhance cooperation and joint initiatives between the two nations, following His Highness’ ...

ABU DHABI / WAM FTSE Russell, an LSEG business, and Abu Dhabi Securities Exchange (ADX) have launched the FTSE ADX 15 Islamic Index (FADXI15), enhancing ADX’s leadership in the GCC and establishing a next-generation benchmark for the growing market. The new index addresses the rising demand for Shariah-compliant investment products, providing a dedicated solution for Islamic finance investors within the ...

DUBAI / WAM Emirates Group and Dubai Airports released an economic impact study that reaffirms the central role aviation plays in Dubai’s economy, by quantifying its contributions and forecasting the sector’s upwards trajectory, based on financial and passenger growth projections for the sector. The study, compiled by global research firm Oxford Economics, includes an assessment of direct economic activity generated ...

SHARJAH / WAM The University of Sharjah (UOS), through its College of Public Policy, hosted the first Model European Union (Model EU) Simulation Game, under the theme “EU-GCC Digital Cooperation,” in collaboration with the European Union delegation to the UAE and the Centre for Security, Diplomacy, and Strategy (VUB) over two days. This educational initiative aims to empower students and ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) has stated that accessing services on the new pension platform, Ma’ashi, which translates to ‘My Pension’, requires initial registration and account creation on the GPSSA platform (www.gpssa.gov.ae) using their Digital ID, in order for employers, insured members, pensioners and beneficiaries to benefit and complete their transactions smoothly. Those ...

ABU DHABI / WAM Borouge Plc has reported a 16% year-on-year (YoY) increase in net profit for the third quarter (Q3) of 2024 to $328 million, beating market expectations, driven by the company’s highest ever quarterly sales and robust pricing for its premium products. The company responded to strong demand from customers in the world’s fastest growing economies for innovative, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved Law No (23) of 2024 pertaining to the Government of Dubai’s General Budget Cycle for the fiscal years 2025-2027, and the Dubai Government’s general budget for the fiscal year 2025. The three-year budget cycle for ...

DUBAI/WAM Dubai Aerospace Enterprise (DAE) Ltd on Monday announced that it had recently signed an agreement to acquire 10 aircraft for an aggregate consideration of approximately $0.5 billion. The aircraft portfolio is comprised 100 percent of narrow-body, next-generation aircraft on lease to 4 airlines in 4 countries. In addition, DAE has initiated and managed the purchase and sale of equity ...