News

Shuaa Capital approves launch of MCB tranches

DUBAI / WAM SHUAA Capital has announced the approval of two Mandatory Convertible Bond (MCB) tranches by its Board of Directors, with a total value of up to AED425.5 million. This marks the final step in SHUAA’s capital optimisation journey, reinforcing its strategic focus on delivering value to shareholders. The issuance remains subject to approvals from shareholders and regulatory authorities. ...

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UAE issues new law to regulate pharma industry

ABU DHABI/WAM The UAE Government has issued a Federal decree-law to regulate medical products, the pharmacy profession, and pharmaceutical establishments. The objectives include solidifying the UAE’s position as a globally trusted hub for pharmaceutical and medical industries, enhancing pharmaceutical security, and streamlining the development, approval, manufacturing, marketing, and distribution of medical products, all in adherence to international standards and competitive ...

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Mohamed Bin Zayed University for Humanities, Digital School to advance digital education

ABU DHABI/ WAM Mohamed Bin Zayed University for Humanities has signed a cooperation agreement with the Digital School to provide a flexible educational methodology through digital platforms and enhance learning opportunities to achieve sustainable development goals through artificial intelligence (AI) applications. The agreement was signed by Dr. Najla Al Naqbi, Vice Chancellor for Academic Affairs at Mohamed Bin Zayed University ...

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Al Wathba Dates Festival to kick off on January 10

AL DHAFRA / WAM The Abu Dhabi Heritage Authority will host the second edition of the Al Wathba Dates Festival from January 10 to February 28 2025 in the Al Wathba region of Abu Dhabi as part of the Sheikh Zayed Festival. The festival is held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...

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MoHRE to organise New Year’s Eve celebrations for workers

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced the organisation of a series of New Year’s Eve celebrations for workers across all emirates, under the theme “Happy Workers, Thriving Business”. The initiative is carried out in collaboration with the Ministry of Interior, the Federal Authority for Identity, Citizenship, Customs and Port Security; Abu Dhabi, Dubai ...

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Ma’an joins hands with ADCB to boost community engagement

ABU DHABI / WAM The Authority of Social Contribution – Ma’an and Abu Dhabi Commercial Bank (ADCB) have partnered to advance community engagement through a series of social initiatives and programmes in key sectors, including health, education and environment, supporting Abu Dhabi’s efforts to promote a collaborative and cohesive society. The signing ceremony was attended by Dr Mugheer Khamis Al ...

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Ajman unveils two Emirati-crafted tourism experiences showcasing sites in Masfout

AJMAN / WAM The Ajman Department of Tourism Development has announced the selection of two unique tourism experiences as part of the “Tourism Experiences Training Program” in Ajman. The initiative was launched by the department to enrich the emirate’s tourism content, support the participation of Emirati talents in the tourism sector, and align with sustainable goals, digital innovation, and the ...

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Saud bin Saqr receives Uzbekistan’s Ambassador

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Thursday at his palace in the Saqr bin Mohammed City, Abdulaziz Akkulov, Ambassador of the Republic of Uzbekistan to the UAE, who came to pay a courtesy visit to His Highness. Sheikh Saud welcomed the ambassador and ...

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UAE tourism sees significant growth in 2024

ABU DHABI / WAM The United Arab Emirates’ tourism sector witnessed significant growth in 2024, aligning with the goals of the “UAE Tourism Strategy 2031.” The country ranked first regionally and 18th globally in the World Economic Forum’s 2024 Travel & Tourism Development Index (TTDI). The UAE leads the world in travel and tourism data provision and air transport infrastructure, ...

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Sharjah Archaeology Authority’s exhibition concludes in Japan

SHARJAH / WAM The Sharjah Archaeology Authority (SAA) successfully concluded the “Mleiha: An Arabian Kingdom on the Silk Road” exhibition, held from July 6 to December 15, 2024, at Miho Museum in Japan. Held under the patronage of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the exhibition attracted over 100,000 visitors, ...

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