News

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, reviewed with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, the strategic relations between the two friendly countries and prospects of propelling cooperation across various fields. This came over a phone call between the two top diplomats, wherein they ...

Dubai / WAM Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF) participated on Saturday in the fourth meeting of the Group of Twenty (G20) Finance and Central Banks’ Deputies which was held remotely on July 16 and 17. The meeting discussed the third G20 Finance Track Communiqué which reflects the group’s commitment to bring the financial response ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Saturuday an exciting initiative to enhance Science, Technology, Engineering, and Mathematics (STEM) education among kids in the UAE. The initiative, called “STEM@Home”, enables children to remotely access STEM resources and learn new skills through engaging science-based challenges. Adnoc embarked on the initiative to promote STEM education online ...

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 ...