News

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Governors of the Republic of San Marino Alessandro Rossi and Milena Gasperoni, on the occasion of San Marino’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour ...

DUBAI/WAM The 26th Water, Energy, Technology, and Environment Exhibition (WETEX) will feature a series of workshops and panel discussions that will focus on the facilitations and incentives Dubai offers to companies looking to establish new headquarters or branches in the Emirate. This comes in response to the increasing inquiries from global companies and organisations about establishing headquarters and branches in ...

ABU DHABI/WAM RAKBANK announced today the launch of “Protego”, an insurance aggregator platform poised to transform how UAE residents buy, manage, and claim their insurance policies. Protego, a subsidiary of RAKBANK, has become fully operational, providing UAE residents with a new and innovative way to purchase and manage insurance policies, submit claims and follow up on them. Raheel Ahmed, RAKBANK ...

DUBAI/WAM Nasdaq Dubai has announced the listing of US$400 million Floating Rate Notes by Agricultural Bank of China (DIFC Branch). This marks the bank’s second bond listing on Nasdaq Dubai amidst deepening China-UAE economic ties. The $400 million note, issued under the $15 billion Medium Term Note Programme, is due in 2027. Agricultural Bank of China (ABC) is one of ...

SHARJAH/WAM Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq) has visited the Mevlâna Museum in the Turkish city of Konya – a place where the spirit of the iconic poet, scholar, and jurist Jalal al-Din Rumi still lingers. The visit reflects a deep and shared commitment to fostering cultural partnerships with distinguished institutions ...

DUBAI/WAM Emirates Central Cooling Systems Corporation PJSC (Empower) announced a substantial increase in new customer registrations across all sectors in Dubai. The company witnessed a 41 percent growth in the number of new customers registered electronically from both public and private sectors during the past five years, from 2019 to 2023, reflecting a growing preference for Empower’s district cooling services. ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with Chen Miner, Member of the Politburo of the Chinese Communist Party and Communist Party Secretary of Tianjin. Welcoming Miner and his accompanying delegation, His Highness Sheikh Mohammed emphasised the deep ties and extensive cooperation between the UAE and the People’s Republic ...

ABU DHABI/WAM Noatum Logistics, an AD Ports Group company and a leading logistics provider, has announced the launch of its new rail logistics solution for the Middle East region. The new service, which complements Noatum Logistics’ integrated regional portfolio of freight forwarding products leveraging land, sea, and air transport, was inaugurated with the launch of its first rail shuttle service ...

ABU DHABI/WAM National banks boosted their investments in local stock markets by AED4.4 billion over 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). According to Central Bank statistics, national banks raised their equity investments to AED16.1 billion at the end of May, a year-on-year (YoY) increase of 37.6 percent compared to AED11.7 billion ...

DUBAI/WAM The Dubai Multi Commodities Centre (DMCC) and the global crypto exchange Bybit have launched their second joint hackathon with US$100,000 on offer for the most innovative Web3 businesses. This latest hackathon follows the success of their first edition in November 2023, which focused on innovations across Web3, including artificial intelligence (AI), gaming, and information security. Applications for the second edition ...