News

SHARJAH / WAM “The outbreak of Covid-19 and the consequent supply chain disruptions in food imports has served as a wake-up call for countries largely reliant on food imports, and is driving a renewed interest in increasing self-sufficiency through the deployment of modern farm tech solutions to boost locally grown produce,” said Mohamed Al Musharrkh, CEO of Sharjah FDI Office ...

Dubai / WAM Within two weeks of its launch, the Arab Space Pioneers drew an overwhelming 37,000 applications from creative talents, researchers and inventors across the Arab world. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the first-of-its-kind specialised training programme earlier in July in line with the ...

Abu Dhabi / WAM The Abu Dhabi Waste Management Centre (Tadweer) has stepped up its efforts to recycle the Construction and Demolition (C&D) waste in Abu Dhabi as part of the centre’s strategic plan to implement a world-class waste management system in the emirate. The move is part of Tadweer’s commitment to implementing the Abu Dhabi Executive Council’s resolution that ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the central bank of the UAE (CBUAE) under the chairmanship of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. Pursuant to the Decree, the Board of Directors of the ...

ABU DHABI / WAM Financial transfers conducted through the Immediate Payment Instruction (IPI) reached AED4.7 billion since the system was introduced by the central bank of the UAE (CBUAE) in June 2019. CBUAE statistics revealed that 1.9 million easiest and fastest transfer transactions were made from June 2019 to June this year. The CBUAE has introduced the IPI to enable ...

Abu Dhabi / WAM In the first half of 2020, AED6.3 billion of additional stock became accessible for a new group of both local and international investors, creating further scope for increased trading and liquidity, Abu Dhabi Securities Exchange (ADX) revealed in its report on its performance for the six months ending June 30. The report focuses on the exchange’s ...

Bloomberg Oil edged lower with a weaker demand outlook underscored by Opec’s decision to taper production cuts and US economic data signaling a slowing recovery in the labour market. After hitting a four-month high, US crude futures fell as much as 1.5% on Thursday. Next month, Opec+ plans to add at least 1 million barrels a day of supply to ...

KHOKHA / WAM The UAE continues its relief assistance to the Yemeni people as part of its humanitarian mission to alleviate the stress of the living conditions affecting the local population. The Emirates Red Crescent (ERC) provided 40 tons of relief materials to 1,370 families in the Al Alili camp in the coastal Yemeni city of Khokha, who had fled ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Heiko Maas, Minister for Foreign Affairs of Germany, have discussed strategic relations between the two countries and cooperation in various fields. This came during a telephone call, wherein the ministers exchanged views on the latest regional and international developments, as ...

Abu Dhabi / WAM The first World Health Organisation (WHO) enlisted global clinical Phase III trial of Sinopharm CNBG’s inactivated vaccine to combat Covid-19 has started in Abu Dhabi in the United Arab Emirates, and has been inspired by the UAE Leadership’s vision and commitment to overcome the pandemic through a global collaborative effort. Sheikh Abdullah bin Mohammed Al Hamed, ...