News

ABU DHABI / WAM The United Arab Emirates distributed food supplies to assist thousands of people impacted by the heavy rainfall in Davao de Oro Province in the southern Philippines, which led to floods and a landslide in the Elizalde district, resulting in dozens of deaths, injuries, and missing persons, as well as substantial property damage. Mohamed Obaid Alqataam Alzaabi, ...

GENEVA / WAM The Union Association for Human Rights (UAHR) has commended UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan as a leader and role model for promoting peace and coexistence worldwide. It also noted His Highness’ role in advancing the UAE’s efforts to promote principles of human fraternity globally, solidifying its position as a leading hub for ...

BEIJING / WAM China on Wednesday launched a Long March-2D carrier rocket, placing a remote sensing satellite in space. According to China Central Television, the rocket was launched at 6:56 am (Beijing Time) from the Xichang Satellite Launch Centre in the southwestern province of Sichuan, successfully placing the Yaogan-42 01 satellite into its designated orbit. It was the 515th flight ...

DUBAI / WAM DXB LIVE, the experiential agency of Dubai World Trade Centre (DWTC), recorded significant growth in 2023, doubling its business against the previous year with 100 percent growth over a 12-month period. Throughout the year, the agency provided its services to 500 prominent events, spanning exhibitions, conferences, festivals, public and entertainment events, graduation ceremonies, sporting and artistic events ...

NEW YORK / WAM US stock index futures edged lower on Wednesday as jittery investors awaited economic data and comments from Federal Reserve Chair Jerome Powell after strong readings on the US economy tempered bets on interest rate cuts this year, Reuters reported. The tech-heavy Nasdaq and the blue-chip Dow closed at two-week lows on Tuesday as Treasury yields rose ...

ABU DHABI / WAM The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) reached about AED1.512 trillion in January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The banking operations statistics released by the Central Bank showed that the value of transfers executed through the system ...

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, sent cables of condolence to Penny Wong, Australian Foreign Minister; Radoslaw Sikorski, Foreign Minister of the Republic of Poland; David Cameron, British Foreign Secretary; Antony Blinken, United States Secretary of State; Mélanie Jolie, Minister of Foreign Affairs of Canada; Ali Muhammad Younis, Chargé d’Affaires of the ...

DUBAI/ WAM DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million tonnes a year of grains and fertilisers, positioning the port as Brazil’s primary trade gateway and a key hub for South America. Rumo estimates the total investment for the construction of this state-of-the-art facility ...

ABU DHABI/ WAM First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the UAE’s largest bank and the global technology leader to cooperate on the launch of an ‘AI Innovation Hub’ for financial services. The new AI Innovation Hub will focus on innovation, sustainability, and customer ...

HONG KONG / WAM Asian shares were mixed on Tuesday after Wall Street retreated as surprisingly strong US manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates, Associated Press (AP) reported. Hong Kong gained 2.2 percent to 16,906.15. The Shanghai Composite index edged 0.1 percent lower to 3,074.96. China real estate developer Vanke’s Hong Kong-listed ...