News

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) on Wednesday announced that it is now a ‘partner exchange’ of the United Nations Sustainable Stock Exchanges (SSE) initiative, to promote sustainability and transparency in capital markets. The initiative is a peer-to-peer learning platform that enables exchanges, in collaboration with investors, regulators and companies, to enhance corporate transparency, environmental, social and ...

Bloomberg Emirates NBD PJSC reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The 2018 full-year net income reached AED10.04 billion ($2.73 billion), an increase of 20 percent from AED8.35 billion the previous year. The total income amounted to AED17.4 billion. The bank’s net interest income and the non-interest income ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels. The ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to ...

SHARJAH / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, stated that the ties between both the UAE and Kosovo are historically strong, which extend ba-ck to time of UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. He remarked that these ties grew into an integrated economic partnership, which resulted in ground-breaking agreements on the avoidance ...

Dubai / WAM The Middle East, North Africa and South Asia (Menasa) region’s e-commerce sector is growing aggressively at 24.6 percent CAGR through to 2020, according to a newly launched report by Dubai CommerCity. The report, ‘Menasa e-commerce landscape’, assists global companies and start-ups in evaluating the opportunities within the regional e-commerce market and highlights the high growth in the ...

ABU DHABI / WAM The UAE is establishing a new model of sustainability, investing heavily in advanced science and technology, and equipping national talents with the necessary skills to ensure optimal use of available resources, asserted Ministers from the UAE Government at a special ministerial session during Abu Dhabi Sustainability Week 2019 (ADSW 2019). Sustainability is the way for the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Wednesday a phone call from Austria’s Chancellor Sebastian Kurz, during which they discussed the distinguished bilateral relations between the two countries and ways to enhance them in all fields. They also reviewed ...

Dubai / WAM Dubai will host the global annual technology Conference ‘Microsoft Ignite’ on March 27-28, with the participation of 350 experts. The two-day event, which will cover more than 100 workshops – will share global technology innovations to regional audiences. Ignite aims to bring together developers and technology professionals from across the region to learn, explore, and connect with ...

ABU DHABI / WAM The UAE hospitality and food service sector has saved 1.5 million meals from the bin in 2018 as part of the UAE food waste pledge, said Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment. The announcement was made on the sidelines of Abu Dhabi Sustainability Week 2019, in the presence of HH ...

DUBAI / WAM The Dubai Roads and Traffic Authority (RTA), conducted tests to ensure the functionality of fare collection gates and central systems software for the Route 2020 Project. The project, undertaken by RTA in collaboration with global firms, involves extension of Dubai Metro Red Line up to the site of Expo 2020. The authority verified the operational readiness of ...