News

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) welcomed the secondary listing of a $750 million Green Bond by Abu Dhabi Future Energy Company (Masdar), the global clean energy powerhouse based in Abu Dhabi. The ten-year bond, which was 5.6 times oversubscribed, carries a 4.875 percent coupon rate and will mature in July 2033. It aims to fund new ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Irakli Garibashvili, Prime Minister of Georgia, on Tuesday witnessed the signing of a Comprehensive Economic Partnership Agreement (Cepa) between the UAE and Georgia. The CEPA aims to double non-oil trade from $481 million to $1.5 billion ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, said that the International Council on Archives (ICA) Congress Abu Dhabi 2023 is a platform that provides an opportunity for specialists, experts, and officials in the archive sector to engage in fruitful discourse on various subjects. “We ...

DUBAI/WAM Emirates Development Bank (EDB) has announced that since the launch of its new strategy in April 2021, the bank has approved over AED 721 million financial support for food security projects. EDB has allocated AED30 billion to support 13,500 SMEs in five priority sectors: manufacturing, renewables, technology, healthcare, and food security. The announcement was made today as EDB concluded ...

ABU DHABI/ WAM ADNOC Drilling announced an interim dividend payment of $358 million, or 8.22 fils per share, for the first half of 2023. This represents another 5 percent year-on-year increase, in-line with the company’s progressive dividend policy. The interim dividend distribution will be on or around October 27, 2023, to all shareholders of record as of October 19, 2023. ...

MARRAKESH/ WAM The International Monetary Fund (IMF) has forecast that the UAE’s real GDP will grow by 3.4 percent in 2023 and 4 percent in 2024. The IMF’s forecast is in line with that of the World Bank, which released a similar estimate two days ago. The IMF said that the UAE’s current account balance is expected to be about ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, expressing his sincere sympathy over the death of Prince Mohammed bin Saad (II) Al Abdulrahman Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed ways to stop the escalation between the Palestinian and Israeli sides and protect civilians during a telephone call with Yōko Kamikawa, Minister of Foreign Affairs of Japan. The UAE top diplomat discussed with his Japanese counterpart the repercussions of the ongoing escalation, especially the ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the provision of US$20 million in humanitarian aid to the Palestinian people. The aid, which will be channelled through the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), comes as part of the UAE’s policy to provide urgent relief and assistance ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held discussions by telephone on Monday with the Federal Chancellor of the Republic of Austria, Karl Nehammer, to review bilateral ties and explore opportunities to build upon the strategic partnership between the UAE and Austria for the benefit of both nations. His Highness and the Austrian Chancellor also ...