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Bloomberg First Abu Dhabi Bank PJSC jumped on optimism the lender will follow regional peers and raise the foreign-ownership limit on its stock. The shares climbed as much as 5.8 percent in Abu Dhabi before paring gains to 1.8 percent. The ADX General Index added 0.6 percent, with FAB shares adding the most to the increase. The United Arab Emirates’ ...

Dubai / Emirates Business The UAE Organising Committee of the 24th World Energy Congress announced signing an agreement with Senaat, one of the UAE’s largest industrial investment holding companies, to serve as co-host sponsors for the 2019 Congress. The agreement was signed by Dr Matar Al Neyadi and Eng Jamal Salem Al Dhaheri at Saint Regis Abu Dhabi. Aligning with ...

Abu Dhabi / Emirates Business Agthia Group PJSC, one of the UAE’s leading food and beverages companies, reported preliminary and unaudited resu- lts for fiscal year that ended on December 31, 2018. Fiscal year net profit increased to AED211 million, growing 2.1 percent over the previous year. The group posted AED2 billion in revenues. When several non-repeating items are excluded ...

Dubai / Emirates Business Leading companies in the UAE have announced new partnerships with several start-ups that were selected as part of the third cycle of Dubai Startup Hub’s Market Access programme. During a ceremony held recently at Dubai Chamber’s premises, Emirates Post Group announced its intention to work with Safe Driving Network on a pilot project testing the startup’s ...

ABU DHABI / WAM To coincide with the historic visits to the UAE by His Holiness Pope Francis and His Eminence the Grand Imam of Al Azhar Al Sherif, a new book celebrating the country’s diversity was launched on Sunday. Published by Dubai-based Motivate Publishing and entitled ‘Celebrating Tolerance: Religious Diversity in the United Arab Emirates’, the book was launched ...

Dubai / WAM Costa Rica’s Vice President Epsy Campbell Barr will head his ministerial delegation as the Guest of Honour to the seventh World Government Summit (WGS 2019), in Dubai. Costa Rica is one of the three guest countries this year, alongside Estonia and Rwanda. In recent years, Costa Rica has sought to integrate happiness and quality of life into the ...

Abu Dhabi / WAM His Holiness Pope Francis, head of the Catholic Church, arrived in Abu Dhabi on Sunday evening to begin his historic visit to the United Arab Emirates. He was received at the airport by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan said that the UAE National Environment Day, which is being celebrated for 22 years on a row, is an important occasion “in which we renew our national commitment to protect our natural resources so as to preserve the natural environment and ensure the rights of future generations.” ...

Dubai / wam His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and Chairman of the Expo 2020 Dubai Higher Committee, has broken ground for the first solar-driven hydrogen electrolysis facility in the Middle East and North Africa (Mena). The project will be carried out in collaboration between Dewa, Expo 2020 Dubai and ...

Abu Dhabi / WAM The United Arab Emirates views “All human beings as members of one global society,” the Minister of Tolerance, Sheikh Nahyan bin Mubarak Al Nahyan, said on Sunday. Addressing the opening session of the Global Conference of Fraternity, being held in Abu Dhabi, Sheikh Nahyan noted that the conference will be joined by Pope Francis and by ...