News

NEW YORK/ WAM The United Arab Emirates, a long-standing advocate for climate, peace and security and addressing global challenges related to climate change, announced a new US$1.2 million partnership with the United Nations Climate Security Mechanism (CSM). The partnership entails a two-year annual contribution of US$600,000 from the UAE, demonstrating the nation’s commitment to strengthen the UN’s capacity to address ...

VIENNA/ WAM The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and its allies, OPEC+, agreed to keep current oil production levels unchanged. During the meeting which took place via videoconference today, the JMMC reviewed the crude oil production data for the months of January and February 2024, ...

ABU DHABI/ WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is gearing up to host the World Future Energy Summit (WFES). Taking place from 16th to 18th April at Abu Dhabi National Exhibition Centre (ADNEC), WFES is the world’s leading business event for future energy, clean technology and sustainability, with a packed programme of ...

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, on Wednesday at Al Bateen Palace, where ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) received an upgrade to its Baseline Credit Assessment (BCA) from Moody’s as the ratings agency affirmed Adib’s credit ratings, indicating continued stability and improvement in the bank’s financial health. The upgrade in Adib’s BCA is attributed to the bank’s improved profitability, driven by higher margins and diversified revenue streams. Adib recorded ...

DUBAI / WAM Digital Dubai launched on Wednesday an integrated set of digital services designed for facilitating charity and humanitarian work via the “DubaiNow” application, the city’s one-stop-shop mobile application that allows anyone to access over 250 government and private sector services. It enables users to donate to the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid ...

ABU DHABI / WAM Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1 trillion in 2023, has announced that it is joining the UAE’s #NextGenFDI initiative for digitally-enabled businesses as it opens a new subsidiary, Capital Com MENA Securities Trading LLC (Capital Com MENA), based in the UAE. The new entity will be the operating ...

SHARJAH / WAM BEEAH, the region’s pioneer in leveraging Artificial Intelligence (AI) to advance sustainability efforts, is taking another leap forward by developing a new “AI Executive” to revolutionise business decision-making. The AI Executive underscores BEEAH’s commitment to driving agility, efficiency and data-driven operations. The company has revealed that its “AI Executive” is being developed on a proprietary Language Learning ...

ABU DHABI / WAM The United Arab Emirates distributed food supplies to assist thousands of people impacted by the heavy rainfall in Davao de Oro Province in the southern Philippines, which led to floods and a landslide in the Elizalde district, resulting in dozens of deaths, injuries, and missing persons, as well as substantial property damage. Mohamed Obaid Alqataam Alzaabi, ...

GENEVA / WAM The Union Association for Human Rights (UAHR) has commended UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan as a leader and role model for promoting peace and coexistence worldwide. It also noted His Highness’ role in advancing the UAE’s efforts to promote principles of human fraternity globally, solidifying its position as a leading hub for ...