News

Emirates Business The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has initiated world’s first cross-border testing of fintech digital sandbox connectivity with Asean Financial Innovation Network (AFIN) between Abu Dhabi and Singapore. This is a continuation of ADGM’s first announcement in September to launch its fintech digital sandbox. To ...

DUBAI / Emirates Business Damac Properties Dubai Co announced financial results for the first nine months of 2018, reporting total revenue of AED5.2 billion ($1.42 billion), gross profit of AED1.9 billion and net profit of AED1.1 billion. During the first nine months of 2018, Damac delivered 3,800 units, compared to 1,923 units in the same period in the previous year. ...

DUBAI / WAM National Central Cooling Company, Tabreed, on Wednesday, released its financial results for the first nine months of 2018, reporting a 10% increase in net profit to AED319.3 million for the year up to September 30, compared with the same period in 2017. Tabreed’s latest financial results follow its announcement last month that it successfully issued a $500 ...

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, on Wednesday visited the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) at the Abu Dhabi National Exhibition Centre (Adnec) and which concludes on November 15. His Highness Sheikh Mohamed bin Zayed, accompanied by ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (Irena) are inviting applications for more than $50 million in funding through the Irena/ADFD Project Facility. The ADFD-financed initiative is available to government-guaranteed renewable energy projects in developing countries that seek to increase energy access, improve livelihoods and advance sustainable development. ADFD has committed ...

Dubai / wam His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, Chairman of the Dubai Supreme Council of Energy, on Wednesday inaugurated the Solar Decathlon Middle East (SDME 2018). Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown ...

Sharjah / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah on Wednesday inspected the progress of a number of vital projects during a visit to the various cities and regions located along the new Khorfakkan Road and the city of Khorfakkan. He toured a number of areas familiarising himself with the new ...

Abu Dhabi / WAM Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, on Wednesday opened the Abu Dhabi Diplomacy Conference, attended by more than 300 high-profile personalities, thought leaders and practitioners from the fields of international politics, diplomacy and academia as well as the private sector. Held under the patronage of HH Sheikh Abdullah bin Zayed Al ...

DHALA / WAM The Emirates Red Crescent (ERC), has opened Al Fazaa School at Dhala Governorate after revamping and furnishing it as part of its efforts to support and restore the educational sector in Yemen. The school includes 12 classrooms and hosts more than 900 students. The opening ceremony was attended by Mohsen Al Hanaq, Director-General of Educational Directorate, and ...

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (Adnoc) has agreed, in principle, to extend to 2040 its gas supply agreement with Adnoc LNG, in coordination with Adnoc LNG’s joint venture partners, Mitsui, BP and Total. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire ...