News

ABU DHABI / WAM The Ministry of Health and Prevention (MoHaP) announced that it conducted 124,404 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHaP announced 1,491 new coronavirus cases, bringing the total number of recorded cases in the UAE to 123,764. MoHaP also noted an additional 1,826 ...

DUBAI / WAM Dubai Silicon Oasis Authority (DSOA) the regulatory body for the Dubai Silicon Oasis (DSO) the integrated free zone technology park, signed an agreement with the International Free Zone Authority (IFZA). Under this agreement, new and existing IFZA companies can work from the DSO, boosting the flexibility of doing business in the UAE. This agreement provides entrepreneurs and ...

Abu Dhabi / WAM The Ministry of Tolerance and Coexistence highlighted the importance of participating in the celebration organised by the World Government Summit Foundation on Monday to mark the 75th anniversary of the United Nations (UN) which the UAE is keen to celebrate annually out of faith in the values and principles on which this great organisation was founded ...

ABU DHABI / WAM Ookla, the global leader in fixed broadband and mobile network testing applications, data and analysis, on Saturday recognised Etisalat for being the fastest mobile network operator worldwide in 2020 providing its subscribers the most superior experience with the fastest mobile speeds from anywhere in the world. This major achievement is a testimony of UAE’s leadership’s vision ...

Abu Dhabi / WAM The largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi by the end of this year, according to a top executive. Sberbank is looking to promote investment activity in both conventional and Islamic finance through cooperation with funds, financial institutions and other bodies in the Middle ...

Dubai / WAM Thirty-one Italian companies will take part in the virtual edition of Water, Energy, Technology, and Environment Exhibition (Wetex 2020) on October 26 – 28. This participation is almost 50 percent more than in the 2019 edition, according to the Italian Trade Agency (ITA). The Italian companies will be showcasing the latest advancements of Italy in sustainable and ...

TEL AVIV / WAM The UAE’s General Civil Aviation Authority (GCAA) signed an air transport services agreement with the Civil Aviation Authority of Israel, to strengthen the bilateral air transport relations between the two countries. Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of GCAA, and Israel Katz, Minister of Transport of ...

Abu Dhabi / Emirates Business Etisalat group on Wednesday announced its consolidated financial statement for the third quarter of this year ending on September 30. The company reports six per cent increase in profit to AED2.4 billion in third quarter and said its group’s revenue stood at AED13 billion during period with 149 million subscribers. In the third quarter, consolidated ...

Abu Dhabi / WAM National Central Cooling Company (Tabreed) on Wednesday announced that it has successfully raised AED1.8 billion with a 7-year, 2.5% coupon bond issuance. With orders coming from around 140 high quality local and international investors, the issuance was oversubscribed almost 5 times at its initial size of $400 million, demonstrating strong investor confidence in Tabreed’s solid credit ...

Dubai / WAM The Federal Authority for Government Human Resources has announced that Thursday, October 29, will be a public holiday for federal government employees to mark the birthday of the Prophet Mohammed. A circular issued by the Federal Authority for Government Human Resources on Wednesday added that work will resume on Sunday, November 1.