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UAE leaders congratulate President of Tunisia on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Kais Saied of Tunisia on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...

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ATM 2024 expecting to double number of Chinese participants

DUBAI / WAM Arabian Travel Market (ATM) 2024 which takes place at Dubai World Trade Centre (DWTC) from May 6-9, is set to welcome twice the number of Chinese exhibitors and travel professionals, compared with its 2019 show. According to research by Oxford Economics, outbound travel from China is estimated to almost double this year, compared with 2023 and will ...

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Abu Dhabi’s industrial sector sees 51% rise in licences

ABU DHABI / WAM New data from the Abu Dhabi Chamber shows a surge in industrial licensing within the emirate (excluding free zones). During 2023, the number of new licences issued jumped 51 percent, reaching 363 by year’s end. This remarkable growth reflects Abu Dhabi’s rise as a regional industrial powerhouse. The launch of the Abu Dhabi Industrial Strategy, spearheaded ...

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Gewan AI, Eros Investment sign strategic partnership promoting AI innovation on back of Investopia 2024

ABU DHABI / WAM Investopia 2024 saw the signing of a strategic partnership between Gewan AI and Eros Investments to enhance cooperation and share experiences in AI, innovation and advanced technology solutions and applications. Attended by Abdulla bin Touq Al-Marri, Minister of Economy, Chairman of Investopia, Ali Hussein, CEO of Immerso AI, a subsidiary of Eros Investment, and Dr Ghada ...

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British inflation falls by more than expected in February

LONDON / WAM Price rises in the UK eased by more than anticipated in February, official figures showed on Wednesday, raising expectations that the Bank of England may start cutting interest rates in the next few months. The Office for National Statistics said inflation, as measured by the consumer price index, fell to 3.4 percent, its lowest level since September ...

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Stocks range-bound ahead of Federal Reserve meet, Yen falls

ABU DHABI / WAM/ BLOOMBERG Stocks in Asia were mixed after US equities touched fresh peaks ahead of the Federal Reserve’s decision, with eyes on the future pace of rate cuts. The yen extended its decline. Chinese equities gained as the country’s banks kept their benchmark lending rates unchanged. Focus is on a slew of key earnings including from Tencent ...

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IRENA report calls for urgent global course correction to meet COP28 goal

BERLIN / WAM A new report released by the International Renewable Energy Agency (IRENA) confirms that achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment ...

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ADX, Eureeca partner to expand global investor access to IPOs

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) is collaborating with Eureeca, a global investment platform matching individual and institutional investors with growth and pre-IPO companies, to bolster accessibility to ADX IPOs in a fully compliant manner, appealing to growing interest from regional and global retail investors and high net-worth individuals (HNWIs). The collaboration between ADX and Eureeca capitalises ...

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Sultan bin Ahmed Al Qasimi attends 1st Ramadan Majlis session

SHARJAH / WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Media Council, attended, the sports session of the first session of the 13th Ramadan Majlis, organised by Sharjah Press Club (SPC) of the Sharjah Government Media Bureau, at Al Majaz Amphitheatre. Luka Modrić, Real Madrid midfielder and captain of the ...

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