News

ABU DHABI / WAM Multiply Group on Wednesday reported full-year 2023 results with a net profit excluding fair value changes of AED1.1 billion, 2.4x last year. Robust underlying profit growth was led by strong operational performance, higher investment income and increased share of profit from Kalyon JV. The reported net profit, including unrealised fair value changes on the market volatility ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, on Wednesday received UAE astronauts Dr Sultan Al Neyadi, Minister of State for Youth, Hazzaa AlMansoori and the team of the “Zayed Ambition 2” mission from the Mohammed Bin Rashid Space Centre (MBRSC), led by Salem Humaid AlMarri, Director-General of the Centre. During the meeting, ...

ALAIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday attended the graduation ceremony of the 48th cohort of cadet officers of the Zayed II Military College in Al Ain, in the presence of HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with a number of high-ranking military officials from the UAE and other nations, who attended the graduation ceremony of the 48th cohort of cadets of the Zayed II Military College. During the meeting, held at the College’s headquarters in Al ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan issued a Federal Decree appointing Mohammed Abdul Rahman Al Hawi as Undersecretary of the Ministry of Investment. Al Hawi held a number of leadership positions in investment sector, including the Director of Economic Development at the Executive Council of Dubai, following his role as a Vice President ...

ABU DHABI/ WAM Alef Education, a UAE-based global leader in education technology, announced a strategic collaboration with MetaMetrics®, the US-based developer of the Lexile® Framework for Reading, to launch an Arabic reading scale to improve the literacy skills of approximately 100 million K-12 Arabic speakers across the Middle East and North Africa. This collaboration aims to provide native Arabic speakers ...

ABU DHABI/ WAM Abdulrahman Al Seiari, ADNOC Drilling’s CEO, today said that the company will continue its strategic plans during 2024, with its plans for further fleet expansion, decarbonisation initiatives, its newly created joint venture (JV) with Alpha Dhabi, and regional expansion. In a statement to the Emirates News Agency (WAM), Al Seiari said, “ADNOC Drilling is looking forward to ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received ambassadors and representatives participating in the 18th Forum of UAE Ambassadors and Representatives of Missions Abroad, organised annually by the Ministry of Foreign Affairs. Also present was His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs. During the meeting, which took place at ...

ABU DHABI/ WAM The Federal Tax Authority (FTA) has launched the second phase of its comprehensive campaign to raise business sectors’ awareness of corporate tax and provide continuous knowledge support to taxpayers. The campaign aims to ensure a seamless implementation of the Corporate Tax Law which entered into effect in June and applies to financial years that began on or ...

DUBAI / WAM Dhai Dubai, the first-ever Emirati-led light art festival, is in full swing at Expo City Dubai until February 4. Organised by Expo City Dubai, in partnership with AGB Creative and Dubai Culture and Arts Authority, the event has created a buzz within UAE’s art circles and garnered attention from local and international media, focusing on Emirati artists’ ...