News

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Tuesday with His Excellency Dr Frank-Walter Steinmeier, President of the Federal Republic of Germany. They explored cooperation between the UAE and Germany and discussed how to further strengthen ties across various sectors, particularly in the economic and trade areas, to advance their ...

ABU DHABI/WAM The assets of Islamic banks operating in the UAE exceeded AED700 billion for the first time in history at the end of 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE). The statistics showed that the assets of Islamic banks reached AED703.1 billion at the end of last December, an annual increase of ...

ABU DHABI/ WAM Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, today announced that it has signed a definitive agreement to acquire a 50 percent stake in Terra-Gen Power Holdings II, LLC (Terra-Gen), one of the largest independent renewable energy power producers in the United States, from Energy Capital Partners (ECP). ECP, a leading investor across energy ...

MUKALLA / WAM The Emirates Red Crescent (ERC) on Tuesday launched the ‘Al Khair Medical Week’ Camp at the Al Mahwar Medical Centre in Rabwat Khalaf in the city of Mukalla, Hadramaut Governorate, Yemen. The camp will continue to provide services until March 25, with the participation of a group of doctors and specialists under the patronage of Mabkhout Mubarak ...

ABU DHABI/ WAM Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, today announced that it has raised $100 million in a Series B funding round. Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, which led Moove’s previous funding round in 2023, participated in this round alongside new investment from Uber. The round ...

ABU DHABI/WAM The United Arab Emirates and the World Central Kitchen announced they successfully completed the delivery of food aid to Gaza by sea, and delivered it to Northern Gaza. The mission – Operation Safeena – in partnership with Open Arms and with the support of the government of Cyprus departed from Cyprus and docked just off the coast of ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) has announced the expansion of its relief programme to support the Palestinian people in Gaza during Ramadan. The aim is to reduce their suffering and improve humanitarian efforts during this holy month. The organisation has begun sending a convoy with essential supplies for the Iftar project to aid the people of ...

SHARJAH / WAM Arada has announced the third year of its landmark Ramadan campaign, Home for a Home, which aims to assist vulnerable families with homes of their own. This year, for every home sold at Arada’s communities during Ramadan, a home will be built for internally displaced families in Syria that have been affected by recent conflict and the ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has announced the launch of the Patient Safety Friendly Hospitals initiative, a significant step in its strategy to guarantee the provision of high-quality healthcare services in line with international best practices. Launched in collaboration with the World Health Organisation (WHO), the initiative, aims to improve patient safety by Developing accredited ...

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – Kezad Group and the UAE-based Pharmatrade today announced the opening of Pharmatrade’s Abu Dhabi Logistics Centre. Through this new logistics centre, the company plans to ramp up the storage and distribution of its Pharmaceutical and Medical Device range of products to serve the UAE’s healthcare sector. The expansion of its ...