ABU DHABI/WAM Adnoc Logistics & Services Plc announced on Wednesday that it has signed a $1.1-2.0 billion (AED4.0-7.3 billion) Hybrid Capital Instrument (HCI). Initial drawing against the HCI will be $1.1 billion (AED4.0 billion), leaving $0.9 billion (AED3.3 billion) capacity available to be drawn until December 31 2026. Approximately $1.0 billion (AED3.7 billion) of the HCI will be utilised to ...
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ABU DHABI/WAM This year, the UAE will host six major global conferences for the first time, showcasing its long-standing excellence in organising large-scale international events. Among the key events is the IUCN World Conservation Congress, set to take place in October, which is one of the largest global gatherings aimed at fostering dialogue on biodiversity, climate change, and sustainability. From ...
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ABU DHABI/WAM The National Centre of Meteorology (NCM) has forecast that today’s weather is partly cloudy to cloudy at times over some northern, eastern, and coastal areas, with a gradual decrease in temperatures and expected rainfall. The weather is expected to be humid at night and on Friday morning, with the possibility of fog or light fog forming. In its ...
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ABU DHABI/WAM Adnoc Logistics and Services plc on Wednesday announced the completion of its acquisition of an 80% stake in Navig8 TopCo Holdings Inc (Navig8) for $1.04 billion (AED3.8 billion), with a contractual commitment to acquire the remaining 20% in mid-2027. Navig8 is an international shipping pool operator and commercial management company with a modern-owned fleet of 32 tankers and ...
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ABU DHABI/WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, received on Wednesday in Abu Dhabi Acting Foreign Minister of Afghanistan, Mawlawi Amir Khan Muttaqi. The UAE Top Diplomat welcomed the Afghan Minister, affirming the UAE’s commitment to supporting the friendly Afghan people in achieving their aspirations for stability, development, and prosperity, as ...
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ABU DHABI/WAM The General Pension and Social Security Authority (GPSSA) has announced the conclusion of the extended period for paying contributions for October and November 2024, as previously communicated to UAE-based entities. Employers were previously exempted from late payment fees for October and November. The GPSSA urged employers to pay contributions promptly to avoid penalties. For October 2024, the Ma’ashi ...
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ABU DHABI/WAM HH Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, has visited the inaugural Al Ain Dates Festival, organised by the Abu Dhabi Heritage Authority under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court. The festival took place in Al Hili ...
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DUBAI/WAM The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office has released a whitepaper on the best practices and future policies developed and implemented by the UAE government in activating the remote work system. The paper, created in collaboration with PricewaterhouseCoopers (PwC), aims to enhance remote work systems by leveraging global trends and the expertise developed by the ...
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ABU DHABI/WAM The Ministry of Economy has launched a specialised training programme aimed at developing capacities, professional skills, and compliance awareness among compliance officers in Designated Non-Financial Businesses and Professions (DNFBPs), under its supervision, and private sector employees to combat money laundering and counter the financing of terrorism. This initiative, developed in collaboration with the International Compliance Association (ICA), is ...
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ABU DHABI / WAM Electricity generation from nuclear power in the countries of the Organisation for Economic Cooperation and Development (OECD) reached approximately 144.7 TWh in September 2024, accounting for 16.4% of the total electricity production in these countries. The International Energy Agency (IEA), in its Monthly Electricity Statistics report, said that over the first three quarters of 2024, electricity ...
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