News

ABU DHABI/WAM Fertiglobe on Tuesday announced that its Board of Directors has approved an interim cash dividend for H1 2024 of $150 million, equivalent to AED551 million or 6.6 fils per share. The dividend will be paid during October 2024 to shareholders of record as at October 10 2024. Fertiglobe’s robust balance sheet and effective cash flow management continue to ...

DUBAI/WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No (58) of 2024, appointing Judge Wayne Stewart Martin as the Chief Justice of the Dubai International Financial Centre Courts. This decree, effective from September 12 2024, will be ...

ABU DHABI/WAM Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, on Monday announced the completion of the acquisition of a majority stake in American aluminium recycling firm Spectro Alloys Corporation. The acquisition means that EGA now has production on four continents, from bauxite mining to aluminium recycling. Spectro Alloys adds significantly to EGA’s existing business in the ...

ABU DHABI/WAM The Arab Monetary Fund (AMF) reported a significant growth in the assets of the banking sector in the Arab countries, rising to $4.574 trillion at the end of 2023, up from $4.355 trillion in 2022, marking a 5 percent growth. The AMF’s Financial Stability Report for Arab countries highlights that banks in the UAE hold the largest share ...

ABU DHABI/WAM The United Arab Emirates continues to support the brotherly Palestinian people in overcoming the humanitarian challenges faced by the residents of the Gaza Strip. The Operation Chivalrous Knight 3 team distributed potable water to medical points and areas where displaced people have gathered in Khan Yunis as part of a campaign aimed at alleviating the suffering of patients ...

ABU DHABI/WAM The Abu Dhabi SME Champions programme, launched by the Abu Dhabi Department of Economic Development (ADDED) in 2023 to boost SME participation in procurement opportunities with large private companies (LCs) and government-related entities (GREs), facilitated the award of AED88.6 million in procurement deals within six months of the programme’s commencement, surpassing initial expectations. During the pilot phase, the ...

ABU DHABI/WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, begins an official visit to Qatar on October 1, 2024, during which His Highness will meet His Highness Sheikh Tamim bin Hamad Al-Thani, Emir of the State of Qatar, and a number of senior officials. The visit reflects the strong brotherly bonds between the ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the delivery of an urgent $100 million relief package to the people of Lebanon. This initiative is part of the UAE’s continuous efforts to support Lebanon through its current challenges, underscoring the nation’s unwavering commitment to assisting the Lebanese people.

ABU DHABI/WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Education, Human Resources and Community Development Council, expressed his sincere thanks and appreciation to President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on the occasion of the February 28 being designated as “Emirati Day for Education.” On the occasion, ...

DUBAI / GULF TIME Transition into the new season with Anthropologie AW24 collection, where style meets comfort for the cooler months ahead. Explore a curated blend of sophisticated and chic clothing and accessories at the brand’s newly refreshed Dubai Mall store, the ultimate destination for fashion enthusiasts to shop this season’s must-have, trend-worthy staples. Encapsulating the beauty of this transitional ...