News

FUJAIRAH / WAM HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, witnessed the signing of a strategic agreement between the Fujairah Natural Resources Corporation, the Fujairah Oil Industry Zone (FOIZ) and the Emirates General Petroleum Corporation (Emarat). The agreement was signed by Ali Qasim, General Manager of the Fujairah Natural Resources Corporation, Captain Salem Abdullah ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Thursday at his palace in the Saqr bin Mohammed City, Željka Cvijanović, Member of the Presidency of Bosnia and Herzegovina, who is currently visiting the country. The RAK Ruler welcomed Cvijanović and her accompanying delegation, and discussed ...

DAVOS / WAM Misiek Piskorski, Professor of Digital Strategy, Analytics and Innovation and Dean of Asia and Oceania at IMD, focused during a session held in the UAE pavilion in Davos, on advanced talent management models. The session, entitled “How to build the leaders for tomorrow”, discussed talent management models using artificial intelligence (AI) to help public and private institutions ...

ABU DHABI / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), held separate meetings with Madiyar Menilbekov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the UAE, and Antonis Alexandridis, Ambassador of the Hellenic Republic to the UAE. The meetings discussed ways to strengthen bilateral cooperation in various fields, particularly the activation of parliamentary cooperation between ...

ABU DHABI / WAM Edge, one of the world’s leading advanced technology and defence groups, has announced that it will conduct a six-month trial on a major public security initiative with the São Paulo State Government. The partnership was announced during a high-level delegation visit by senior government members to Edge Group headquarters in Abu Dhabi. The ‘Proof of Concept’ ...

RAS AL KHAIMAH/ WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today at his palace in the Saqr bin Mohammed City, Satish Kumar Sivan, Consul-General of India in Dubai and the Northern Emirates. The RAK Ruler welcomed the Indian Consul-General, wishing him success in performing his duties and bolstering UAE-India ...

GENEVA/ WAM The global foreign direct investment (FDI) had a modest increase of over 3% to reach an estimated $1.37 trillion in 2023, defying expectations as recession fears early in the year receded, and financial markets performed well. Global FDI flows increased, but economic uncertainty and higher interest rates affected global investment. The headline increase was mainly due to higher ...

ABU DHABI/ WAM Abu Dhabi Commercial Bank (ADCB) is establishing a strategic presence in Saudi Arabia, leveraging its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships. ADCB has received an in-principle approval from the Kingdom’s Council of Ministers and will open a branch in Riyadh, ...

DUBAI/ WAM Dhai Dubai, the first-ever Emirati-led light art festival, has revealed an enlightening line-up of cultural activities, set to immerse visitors at Expo City Dubai and Al Wasl Plaza later this month. Created and produced by Expo City Dubai in partnership with AGB Creative, and supported by Dubai Culture and Arts Authority, Dhai Dubai invites visitors to engage with ...

VIENNA/ WAM The Organisation of the Petroleum Exporting Countries (OPEC) said that UAE’s non-oil sector “demonstrated robust growth throughout 2023, and a carry-over of this dynamic is likely to extend into 2024”. According to OPEC’s Monthly Oil Market Report for January, the purchasing managers’ index (PMI) for the UAE non-oil sector reached 57.4 in December 2023, compared with 57.0 in ...