News

Banking sector transfers rise to AED3.4 trillion in Jan-Feb 2025: CBUAE

ABU DHABI/WAM Banking operations statistics released on Thursday by the Central Bank of the UAE (CBUAE) showed that the value of transfers executed within the country’s banking sector through the UAE Funds Transfer System (UAEFTS) rose by 15.5 percent during the first two months of this year (January and February), reaching AED3.4 trillion compared to AED2.962 trillion during the same ...

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IHC unveils Aiden Insight 2.0 AI Board Observer

ABU DHABI/ WAM IHC, the global investment company focused on building dynamic value networks, has announced a major milestone in its AI governance journey with the introduction of Aiden Insight 2.0, the next-generation AI Board Observer. Developed in collaboration with aleria, Aiden Insight 2.0 is the UAE’s first fully sovereign, on-premise AI observer, enhancing data security while redefining how boardrooms ...

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EMSTEEL launches its first green finance framework to accelerate sustainable growth

ABU DHABI / WAM EMSTEEL on Thursday announced the launch of its first Green Finance Framework, an initiative that marks a pivotal step in aligning the Group’s financial strategy with its long-term sustainability and decarbonisation goals, positioning EMSTEEL at the forefront of sustainable finance in the region. The Framework enables EMSTEEL and its subsidiaries to issue a variety of green ...

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UAE, Azerbaijani Presidents discuss bilateral relations in phone call

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Ilham Aliyev, President of the Republic of Azerbaijan, held a phone call to discuss ties between the two countries and ways to enhance them, particularly in economic, development, and other priority sectors that offer additional opportunities for constructive cooperation. The two leaders discussed a number of ...

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Yas Island celebrates Disney Theme Park Resort announcement

ABU DHABI /WAM Miral and The Walt Disney Company marked a historic milestone with the official announcement of the Middle East and Africa’s first Disney theme park resort destination on Yas Island, Abu Dhabi. The announcement was celebrated with a record-breaking 9,000-drone show and fireworks display at Yas Links, accompanied by live performances from world-renowned pianist Lang Lang, iconic Emirati ...

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Fourth edition of ‘Make it in the Emirates’ to launch May 19

DUBAI / WAM The Ministry of Industry and Advanced Technology (MoIAT) has announced the agenda and official slogan for the fourth edition of ‘Make it in the Emirates’, one of the UAE’s comprehensive economic programmes. The event will take place from 19-22 May 2025 at the Abu Dhabi National Exhibition Centre under the theme “Advanced Industries. Accelerated”. The announcement was ...

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Mansour bin Zayed chairs Ministerial Development Council meeting

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, has chaired the Ministerial Development Council meeting, held at Qasr Al Watan in Abu Dhabi. The meeting reviewed various development proposals and projects submitted by ministries and federal entities across all governmental work sectors. During the meeting, ...

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