News

ABU DHABI / WAM Khalifa University of Science and Technology announced it has jumped five slots to be ranked top in the UAE and 40th in Asia in the Times Higher Education (THE) Asia University Rankings 2024, which has evaluated 739 universities from 31 countries/territories. Khalifa University also jumped four places to be ranked 2nd among Arab universities mentioned in ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today performed the funeral prayer over the late Sheikh Tahnoun bin Mohammed Al Nahyan at the Sheikh Sultan bin Zayed the First Mosque in Abu Dhabi. Also performing the prayer were His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) showcased the strategic advantages of investing in Ras Al Khaimah during a recent business event in Jaipur, India. Experts from Rakez, accompanied by representatives from various entities in Ras Al Khaimah, participated in business roundtables and other discussions at the event organised by the UAE-India CEPA Council, in partnership ...

DUBAI / WAM Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, is embarking on a trade mission to Southeast Asia from May 5 to 10. The chamber will lead a delegation of local companies to Indonesia and Vietnam as part of the ‘New Horizons’ initiative, which supports the expansion of Dubai-based businesses into ...

ABU DHABI / WAM The first session of the Joint Economic Committee (JEC) between the UAE and the Islamic Republic of Iran was held in Abu Dhabi, chaired by Abdullah bin Touq Al Marri, Minister of Economy, and Mehrdad Bazrpash, Minister of Road and Urban Development of Iran. The session, which was attended by several government officials from both sides, ...

DUBAI/ WAM The Dubai Financial Market (DFM) announced the launch of the upgraded stand-alone iVestor App, a digital platform set to offer digital financial management for investors. The iVestor app allows direct subscription in IPOs and Arena opportunities and underscores DFM’s commitment to enhance investment accessibility and efficiency in the region. Moreover, the app provides investors with a convenient snapshot ...

SHARJAH / WAM Bank of Sharjah has reported a strong start to 2024, with first-quarter results showcasing a significant increase in net profit to AED80 million. The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness. The bank has demonstrated comfortable liquidity, with a customer deposit base of AED26 billion (December 31 ...

SHARJAH / WAM Sharjah Electricity, Water and Gas Authority (SEWA) has affirmed its full readiness to address any repercussions of weather conditions with well-equipped teams and state-of-the-art equipment. Between April 15 and 29, SEWA teams managed over 5,200 reports in Sharjah, 820 in Kalba, and 299 in Khorfakkan. The authority conducted repair and maintenance operations in the central region, alongside ...

ABU DHABI / WAM PureHealth Holding announced its financial results for the period ended on March 31, 2024. The group achieved robust revenue growth of 52%, reaching AED6.1 billion. The 85% year-on-year increase in hospital revenue is particularly noteworthy, totalling AED4.8 billion. This growth was propelled by a 10% year-on-year surge in total patient volumes, reaching 1.5 million patients, and ...

SHARJAH / WAM The Sharjah Entrepreneurship Foundation “Ruwad,” affiliated with the Department of Economic Development, has adopted a package of incentives and supportive measures for its member projects affected by the recent weather conditions in mid-April. Working in collaboration with Sharjah’s local emergency and crisis team, Ruwad aims to bolster affected member projects. Chairman Hamad Ali Abdullah Al Mahmoud underscored ...