News

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) participated in the inauguration ceremony at the fishing port of Tanit in Mauritania of an ice factory that would enhance the port’s efficiency. The Fund also supervised the project, carried out for AED24 million ($6.5 million) by the Emirati company Talc Investment, which is keen to invest in Africa and ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) was named ‘Best Sustainable Insurer of the Year’ at the Global Sustainability Leadership Awards by the World Sustainability Congress. The World Sustainability Congress is a not-for-profit organisation advocating for sustainable leadership and brings organisations, NGO’s, public interests groups and governmental bodies together to accelerate sustainable business practices and solutions. The ...

ABU DHABI / WAM The Securities and Commodities Authority (SCA) announced on Wednesday that financial markets in the United Arab Emirates will be closed on Monday, January 1, 2024, in observance of the New Year holiday. Trading activities will resume on Tuesday, January 2, 2024, as per the SCA’s usual business hours. This decision aligns with the Federal Authority for ...

ABU DHABI / AD MEDIA OFFICE The Environment Agency – Abu Dhabi (EAD) and ADQ, have partnered with Dendra, an international environmental technology company, to leverage advanced seeding drones and AI technologies to assess and restore terrestrial and coastal ecosystems across Abu Dhabi. Under the agreement, a set of innovative solutions based on data and advanced artificial intelligence technology will ...

BEIJING / WAM As New Year approaches, experts noted that the Chinese economy remains on the trajectory of accelerating recovery, with new growth drivers continuously emerging which keeps fuelling the momentum well into 2024. Data from major travel platforms has indicated a comprehensive recovery for both domestic and cross-border tourism, Global Times reported. As of December 15, overall travel bookings ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Law No (26) of 2023 pertaining to The Executive Council (TEC) of Dubai. The law highlights the TEC’s objectives, which include implementing the leadership’s vision to foster a thriving society, addressing the needs of citizens, ensuring a ...

ABU DHABI/ WAM The Abu Dhabi Securities Exchange (ADX) today saw two large direct deals executed on the stocks of Eshraq Investments and National Bank of Fujairah (NBF). The two large direct deals were executed on 102.3 million shares worth AED104.3 million. According to ADX data, the first trade was executed on NBF on 15.2 million shares worth AED68.7 million ...

SHARJAH/ WAM Expo Centre Sharjah is gearing up to organise the 19th edition of the SteelFab exhibition – the metalworking sector’s biggest event across the Middle East and North Africa. Running from 8th to 11th January, SteelFab 2024 will feature more than 600 major global brands under one roof as over 275 local and international exhibitors representing top industry leaders ...

ABU DHABI/ WAM The new Decree Law No.57 of 2023 announced by the General Pension and Social Security Authority (GPSSA) contributes to enhancing an insured Emiratis chance in obtaining a retirement pension by merging employment years at no cost, thereby increasing the possibility in obtaining a pension and/or end-of-service gratuity once ready to retire. Once an insured chooses to merge ...

ABU DHABI / WAM The Transition Investment Lab (TIL) has officially joined Stern at NYU Abu Dhabi, further strengthening the one-year full-time MBA Programme’s offerings and expertise in the field of impact investing and global finance related to sustainability. TIL is a centre of excellence and knowledge hub for impact finance and sustainability research, with special reference to sovereign wealth ...