RIYADH/WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, presided over an official UAE delegation that participated in the Global Logistics Forum 2024, hosted by the Saudi Ministry of Transport and Logistics Services under the esteemed patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. Held from October 12 to 14 at ...
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ABU DHABI/WAM Borouge Plc announced today that more than 700,000 tonnes of polyolefins had been transported during its first year of operations with Etihad Rail, the developer and operator of the UAE National Rail Network. Since September 2023, over 36,000 Borouge containers have been transported from a rail freight terminal in Al Ruwais Industrial City to Khalifa Port in Abu ...
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ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received a phone call from His Excellency Ferdinand Marcos, President of the Republic of the Philippines. During the call, the two leaders discussed cooperation between the UAE and the Philippines and explored opportunities to further develop relations, particularly in the economic, trade, investment, and developmental sectors, ...
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ABU DHABI/WAM The UAE’s two-week aid campaign for Lebanon, “UAE stands with Lebanon”, has in the initial week collected over AED110 million worth of food and medical supplies, shelter equipment and other relief materials. The response of the UAE community, which includes people from around the world, demonstrated its humane spirit and the resonating legacy of the UAE’s Founding Father, ...
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ABU DHABI/AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has emphasised that the UAE prioritises the preservation of its national heritage, noting that the leadership is constantly working to launch and implement initiatives that further enhance the protection of the nation’s cultural ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured GITEX Global 2024, the world’s largest tech and startup event, which commenced at the Dubai World Trade Centre (DWTC) on Monday. Running from October 14 to 18, the 44th edition of GITEX Global brings together over ...
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ABU DHABI / WAM Aldar Properties and Mubadala Investment Company on Monday broke ground at One Maryah Place, a two-tower Grade A commercial development on Al Maryah Island, Abu Dhabi’s leading business and lifestyle destination. Located within Abu Dhabi Global Market (ADGM), the project is set to add further high-quality commercial space to the ADGM freezone as demand continues to ...
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BEIJING / WAM China’s central bank conducted 19.5 billion yuan (about $2.76 billion) of seven-day reverse repos at an interest rate of 1.5 percent on Monday. Xinhua news agency quoted the People’s Bank of China as saying that the move aims to keep liquidity in the banking system reasonable and ample, the central bank said.A reverse repo is a process ...
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ABU DHABI / WAM The Ministry of Finance (MoF) has announced the cancellation of economic substance reporting requirements for companies for financial years ending after December 31 2022, following Cabinet Decision No (98) of 2024, which amends certain provisions of Cabinet Decision No (57) of 2020 on economic substance requirements. This amendment aligns with the implementation of the UAE’s federal ...
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RAS AL KHAIMAH / WAM RAK Properties on Monday announced a strategic deal with Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, to arrange an AED2 billion financing facility. The syndicated long term financing facility will support RAK Properties’ ambitious growth trajectory, as well as boost the development of green buildings in the region. The ...
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