News

ABU DHABI/WAM Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Mamo E. Mihretu, Governor of the National Bank of Ethiopia (NBE), have signed a bilateral currency swap agreement for the UAE Dirham and Ethiopian Birr. The two parties also entered into two Memoranda of Understanding (MoU) to establish a framework for the use of local ...

DUBAI/WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, issued Decree No. (45) of 2024 on the Board of Trustees of Noor Dubai Foundation, chaired by the Director General of the Dubai Health Authority. According to the Decree, Nasser Khalifa Al Budoor will serve as Vice Chairman. ...

ABU DHABI/WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group has commissioned a new natural gas network having 311,100 MMBTU/Day capacity in KEZAD Area A – Al Ma’mourah. The new natural gas network has been developed by the KEZAD Group subsidiary, KEZAD Utilities & Facilities Management Company, in three phases with a capital investment of around AED300 million. The total ...

DUBAI/WAM flydubai announced that it will receive seven aircraft before the end of 2024 and is on track to hire more than 130 new pilots by the end of this year. In a statement on Tuesday, the airline said the new aircraft will further support the network’s expansion by adding Basel, Riga, Tallinn, and Vilnius. Ghaith Al Ghaith, Chief Executive ...

ABU DHABI/GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan praised the youth of the nation, saying they are “the strength, energy, ambition, and wealth of our nation”. UAE President took to social media platform X on World Youth Skills Day and said: “On World Youth Skills Day, we reaffirm that empowering our youth, investing in them, ...

ABU DHABI/WAM Aldar Properties and DP World have signed a strategic agreement where Aldar will fund and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai. This partnership will provide Aldar access to develop and lease assets within NIP, strategically positioned near Jebel Ali Port and Al Maktoum International ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Emmanuel Macron of the Republic of France on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, ...

ABU DHABI/WAM Zayed Higher Organisation (ZHO) has launched an exclusive masterclass training programme with the Higher Institute for Psychomotor Therapy (ISRP) from France, which focuses on applying psychomotor therapy (PMT) for Autism Spectrum Disorders (ASD). The training programme will take place during the World Congress on Rehabilitation 2024, which is being held under the patronage of H.H. Sheikh Khalid bin ...

ABU DHABI/WAM Emirates Development Bank (EDB) has reported outstanding H1 2024 results, marking a significant impact on the UAE’s economy. The Bank’s cumulative total financing since launching its new strategy in April 2021, has reached AED11.14 billion, underscoring its commitment to vital sectors integral to the national development and diversification agenda. This financing milestone has notably boosted EDB’s contribution to ...

HAVANA/WAM Hazza Ahmed Al Kaabi, UAE Ambassador to the Republic of Cuba, met with Naima Trujillo Barreto, Minister of Education of Cuba. During the meeting, the two sides discussed ways of strengthening ties between the UAE and the Republic of Cuba, and emphasised the two countries’ keenness to explore new prospects of cooperation across various fields, particularly education. Moreover, the ...