News

ABU DHABI / WAM Space42 made its trading debut on the Abu Dhabi Securities Exchange (ADX) on Tuesday following the successful merger completion of Bayanat, a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company PJSC (Yahsat), the UAE’s flagship satellite solutions provider. Integrating Bayanat’s advanced geospatial analytics and Yahsat’s leading satellite communications with AI capabilities enables Space42 ...

ABU DHABI / WAM A delegation from the Abu Dhabi Exports Office (ADEX), the export financing arm of the Abu Dhabi Fund for Development (ADFD), visited EMSTEEL Group (formerly known as Emirates Steel Arkan). In line with the ADFD’s commitment to strengthening strategic partnerships with leading Emirati companies, the visit aimed to highlight the support and benefits provided by ADFD ...

NEW YORK / WAM Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, delivered the UAE statement at General Debate of 79th Session of UN General Assembly. Following is the full text of the statement: “Mr President, At the outset, I would like to thank His Excellency Dennis Francis for his outstanding leadership of the previous session. I also congratulate ...

ABU DHABI / WAM Adnoc on Tuesday announced that Adnoc International Limited (Adnoc International) has entered into an investment agreement with Covestro, one of the world’s leading chemical players, and launched a voluntary public takeover offer to all shareholders for a cash consideration of AED254 per share. Covestro is an industrial pioneer and a global leader in the high-tech specialty ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, have sent separate congratulatory messages to ...

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Tamim bin Hamad Al-Thani, Emir of the State of Qatar, has received His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, at the Amiri Diwan in Doha, during an official visit to Qatar. His Highness Sheikh Tamim bin Hamad Al-Thani warmly welcomed His Highness Sheikh ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of Qatar, as part of an official visit to Qatar. During the meeting, they discussed enhancing bilateral relations between the UAE and Qatar, with ...

ABU DHABI/WAM Magnati, a payment solutions provider in the Middle East, has partnered with Wio Bank PJSC. This partnership enables Wio Bank to expand access to support business growth by providing fast access to financing using Magnati’s platform, simplifying cash flow management and credit access. Loan EMIs are automatically deducted from daily payouts, streamlining the repayment process for merchants. This ...

AJMAN/WAM The Ajman Department of Economic Development and the Ajman Free Zones Authority have released an economic report detailing the volume of investments between the People’s Republic of China and the emirate of Ajman. This report coincides with the celebration of the 75th National Day of China. The report revealed that the volume of investments between China and Ajman reached ...

ABU DHABI/WAM The Securities and Commodities Authority (SCA) announced its approval for the listing of 16 tranches linked to bonds and Islamic sukuk, with a total value of $19.55 billion (AED72 billion), on the Abu Dhabi Securities Exchange’s “Secondary Listing Market” during 2023. The authority clarified, according to the latest released statistics that the listings included 10 regular tranches and ...