ABU DHABI/WAM Abu Dhabi Islamic Bank (ADIB) said that its shareholders have approved the proposed increase in the bank’s issued and paid-up share capital through a rights issue expected to raise approximately AED1.75 billion in gross proceeds. The resolution was approved by the requisite majority of shareholders at the General Assembly Meeting held on Tuesday. The capital raise will strengthen …
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DUBAI / WAM The Knowledge and Human Development Authority (KHDA) has formed the first Dubai Parents Council, comprising 15 parents of students enrolled in private schools, and the first Dubai Educators Council, comprising 15 teachers and education professionals. KHDA has also approved the second cohort of the Dubai Students Council for the 2026–27 academic year, bringing together 16 students from …
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ABU DHABI/WAM Investopia Bridge 2026 was held in Abu Dhabi, under the theme “Investing in a More Resilient World.” The event explored the evolving global investment landscape and emerging trends in capital, investment and finance across new and sustainable economy sectors, amid ongoing regional and global shifts. It brought together more than 30 speakers, including ministers, decision-makers, investors, business leaders, …
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ABU DHABI / WAM Adolfo Urso, Italy’s Minister of Enterprises and Made in Italy, said his country is seeking to deepen economic and investment cooperation with the UAE, stressing the importance of concluding the free trade agreement between the European Union and the UAE and expanding cooperation in critical raw materials and recycling, robotics and artificial intelligence. Speaking during a …
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ABU DHABI / WAM Capital Group, one of the world’s largest and most experienced active investment managers with US$3.6 trillion of assets under management, announced on Wednesday that it has secured a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, enabling the firm to operate as a regulated investment …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has called for a prayer for rain, known in Arabic as Salaat Al Istisqaa, to be performed at all mosques across the UAE on Friday 9th October, half an hour before the Friday prayer. His Highness called upon everyone to pray to God for rain and …
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DUBAI/WAM The UAE has taken first place in the world for customer satisfaction with digital government services, with 89% of participants in the country giving these services a high rating, according to the 2026 Digital Government Citizen Survey Report issued by Boston Consulting Group (BCG). The survey covered 48,500 participants in 44 countries. The UAE also ranked first globally in …
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FUJAIRAH/WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Ruler of Fujairah, received at Al Rumailah Palace the delegations participating in the 14th Energy Markets Forum, hosted by the Emirate of Fujairah on October 6 and 7. H.H. welcomed the forum’s guests and participating delegations, wishing them success in their work. He expressed hope that …
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DUBAI / GULF TIME Oryx Signature (https://www.oryxsignature.com) has been signed by JBCM Event Architects (https://www.jbcm.events) for a long-term partnership to market & produce MOC27 (https://www.moc-festival.com) the Motor, Outdoor & Camping Festival. Backed by Dubai Department of Economy & Tourism, the four-day event is built for families, friends, clubs and adventurers who spend their winters outdoors. MOC27, presented by DSF Auto …
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ABU DHABI / WAM Omar Obaid Alhesan Alshamsi, Undersecretary of the Ministry of Foreign Affairs (MoFA), received a copy of the credentials of Angad Singh Dhillon, Ambassador of Canada to the United Arab Emirates. Alshamsi wished the new Ambassador success in performing his duties and affirmed the UAE’s commitment to expanding cooperation with Canada in a manner that advances the …
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