News

DUBAI / WAM The Pointe, Dubai’s premier lifestyle and dining destination by Nakheel Malls, is gearing up to launch the world’s largest fountain. ‘The Palm Fountain’, Palm Jumeirah’s latest waterfront attraction, will attempt to break a Guinness World Records (GWR) title during its inaugural launch event, and the public is invited to witness the celebration. Spread over 14,000 square feet ...

DUBAI / WAM Shuaa Capital has launched three Sharia compliant funds and already secured $75 million of commitments. The Shuaa High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund – the first Sharia-compliant funds within an ICC umbrella to launch in the Abu Dhabi Global Market (ADGM) – are breaking ground as part of Shuaa’s fund platform rolled ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHaP) announced that it conducted 108,906 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 1,041 new coronavirus cases, bringing the total number of cases in the UAE to 98,801. MoHaP also noted an additional 1,001 individuals ...

Dubai / WAM The Dubai Land Department (DLD), through its Real Estate Promotion and Investment Management Sector, in cooperation with Strategic Holding, launched the “Invest in Dubai Real Estate” initiative, the virtual destination for the real estate industry and the latest and most prominent real estate promotion initiatives in Dubai. The initiative is set to unveil interactive features from November ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) in collaboration with the General Secretariat for the Conservation of the Arabian Oryx, organised an online webinar titled “Education and outreach programmes of Arabian Oryx Conservation institutions in the UAE: Successes and future priorities”. Dr Shaikha Salem Al Dhaheri, Secretary-General of EAD, said, “The organising of this webinar by ...

DUBAI / WAM The 50-year Development Plan Committee, in partnership with the General Women’s Union (GWU) launched several discussion panels for the preparation for the next 50 years plan under the title “Planning for the Fifty-Fifty … Women are Support for the Homeland”. The discussions, under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union ...

RIYADH / WAM The Kingdom of Saudi Arabia Pavilion at Expo 2020 Dubai announced the launch of its volunteering campaign, in partnership with the Emirates Foundation. The initiative aims to attract an estimated 1,000 Saudi nationals to take part in the pavilion activities for the duration of the World Expo from October 2021 to March 2022. Speaking on the initiative, ...

Abu Dhabi / WAM The Ministry of Presidential Affairs, in coordination with the National Emergency Crisis and Disaster Management Authority (NCEMA) announced the re-opening of the Sheikh Zayed Grand Mosque (SZGM) both in Abu Dhabi and Fujairah as well as the Founder’s Memorial in the UAE capital, to visitors from Sunday. The reopening will pursue a high-standard system of precautionary ...

Bloomberg Oil falls in New York and the global benchmark Brent plummeted to the lowest level since June after President Donald Trump’s positive Covid-19 diagnosis combined with labour market weakness heightened concerns over an economic recovery. US crude futures declined 4.3% and Brent slid below $40 a barrel in volatile trading. A top World Health Organisation (WHO) official said the ...

Ajman / WAM Dar Al Ber Society has started work on an endowment project, Al Jurf 2 in Ajman, at a total cost of AED47 million, to join its series of endowment projects in the UAE, which is a new residential building, consisting of 14 floors. Muhammad Suhail Al Muhairi, Executive Director of Dar Al Ber Society, said, “The project ...