News

‘Al Jundi’ reinforces half a century of excellence and creativity: Al Bowardi

ABUDHABI/ WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, said that Al Jundi magazine has firmly established its distinctive position on the map of leading media outlets in the United Arab Emirates. In a statement marking the magazine’s 50th anniversary, the minister said: “Al-Jundi has taken a prestigious place in the field of specialised military media, ...

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‘Al Jundi’ Magazine celebrates its golden jubilee

ABU DHABI/ WAM Al Jundi magazine, published by the UAE Ministry of Defence, is celebrating its 50th anniversary, which falls on 1st October 2023. Coinciding with the release of its 597th issue for October 2023, Al Jundi has published a special commemorative edition to mark its golden jubilee, reflecting on the successes and achievements of the magazine over the past ...

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Dubai Miracle Garden blooms anew in its 12th Season with dazzling floral displays

DUBAI/ WAM Dubai Miracle Garden, the largest natural flower garden in the world, today opened its doors for visitors, marking a momentous 12-year anniversary for the renowned international attraction. The 12th season comes at the back of immense success last year, during which the garden provided families and children with the opportunity to celebrate the region’s biggest sporting event, the ...

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In his capacity as Ruler of Abu Dhabi, Mohamed bin Zayed issues law establishing Department of Government Enablement – Abu Dhabi

ABU DHABI / WAM In his capacity as Ruler of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued a law establishing the Department of Government Enablement – Abu Dhabi. The objectives of the department are to provide Abu Dhabi Government entities services that enhance human capital and digitisation; deliver digital government services; ...

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CBUAE, Central Bank of Egypt enter into currency swap pact

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have on Thursday entered into a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). The agreement, signed by Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Hassan Abdalla, Governor of the Central ...

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Institutional investors invest AED8bn in UAE stocks

ABU DHABI / WAM Institutional investors are optimistic about the UAE stock market, as evidenced by their net purchases of nearly AED 8 billion in local shares during the first nine months of 2023. This trend is driven by a number of factors, including the availability of broader investment opportunities, the strong growth trajectory of the national economy, and the ...

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Masdar, PLN to triple size of Asean’s largest floating solar plant

ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC – Masdar, and PLN Nusantara Power (PLN NP), have signed an agreement to develop Phase II of the successful Cirata floating photovoltaic (FPV) power plant in Indonesia by up to 500MW, in a major expansion to Southeast Asia’s largest FPV plant. The signing ceremony was witnessed by UAE Minister of ...

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UAE markets topped Arab stock exchanges last week, says AMF

ABU DHABI / WAM The financial markets of the United Arab Emirates topped the Arab stock exchanges during last week’s trading, according to the Arab Monetary Fund (AMF). The fund, in its weekly bulletin on Arab financial markets, which monitors the performance of 13 exchanges, said that the UAE markets achieved monthly market gains of over $6.2 billion, distributed at ...

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Over 100 UK firms to showcase solutions at Adipec ’23

ABU DHABI / WAM The Energy Industries Council (EIC), the leading energy trade association, announced its participation in the Abu Dhabi International Petroleum Exhibition Conference (Adipec) 2023, where it will host the UK Pavilion. This year’s Adipec, from  October 2-5 in Abu Dhabi, celebrates EIC’s 20th year at this premier energy event. Adipec has evolved into the world’s most influential ...

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Rakez, ECI seminar equips global exporters with success strategies

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) has teamed up with Etihad Credit Insurance (ECI), the UAE’s federal export credit company, to host an informative seminar on “Innovative Export Credit Solutions”. The partners aimed to equip businesses in the Rakez community, particularly those involved in export, with the strategies to navigate, evolve and succeed in the ...

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