News

SHARJAH / WAM United Arab Bank PJSC (UAB) has announced the successful issuance of its $150 million Additional Tier 1 (AT1) capital instrument which recently concluded through a private placement as per the general assembly approval.  This landmark issuance will strengthen the bank’s capital adequacy and boost its Tier 1 Capital ratio. Commenting on the transaction, Shirish Bhide, Chief Executive ...

DUBAI / WAM The Most Noble Number charity auction, held this evening in Dubai, has raised AED97.920 million that will go in full towards supporting the “1 Billion Meals Endowment” campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish the largest Ramadan sustainable food ...

DUBAI / WAM The UAE Ministry of Climate Change and Environment, a leading force in global climate initiatives, hosted ministers and over 150 high-ranking officials from 50 government and private entities at the ‘Green Retreat’. This collaborative event showcased the UAE’s dedication to addressing climate change and served as a strategic precursor to the nation’s much-anticipated hosting of the Conference ...

GENEVA / WAM Global trade growth in 2023 is still expected to be subpar despite a slight upgrade to GDP projections since last fall, WTO (World Trade Organization) economists said in a new forecast. Weighed down by the effects of the crisis in Ukraine, stubbornly high inflation, tighter monetary policy and financial market uncertainty, the volume of world merchandise trade ...

DUBAI / WAM Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has been awarded two prestigious international safety awards. The operator was granted a “Silver” Royal Society for the Prevention of Accidents, UK (RoSPA) award, and the International Safety Award 2023 with “merit” status by the British Safety Council. The two honours were granted in ...

GENEVA / WAM Countries of the World Health Organisation (WHO) have mapped out how negotiations on a global accord on pandemic prevention, preparedness and response will move forward with a view to presenting a draft accord for approval by the World Health Assembly in May 2024. Discussions on the draft pandemic accord took place during the fifth meeting of the ...

AJMAN / WAM Abdullah Mohammed Al Muwaiji, Chairman of the Board of Directors of the Ajman Chamber for Commerce and Industry, and Ivan Jordanov, Ambassador of Bulgaria to the UAE, discussed opportunities for trade and investment cooperation between the two countries and ways of strengthening the partnership between Emirati and Bulgarian business owners. Al Muwaiji lauded Jordanov’s visit and stressed ...

ABU DHABI / WAM The benefits of AI’s (artificial intelligence) application to healthcare are often described using words such as speed, consistency, and cost, but there is another descriptor that is often overlooked: personalisation. While experts often use statistics to illustrate the enormity of disease burdens on populations, AI is poised to tackle complex healthcare challenges through disruptive technologies that ...

SARAJEVO / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Bosnia and Herzegovina Foreign Minister Elmedin Konakovic, explored avenues of propelling cooperation across all fronts. This came as part of the UAE top diplomat’s visit to Bosnia and Herzegovina, during which the two ministers discussed methods that support their developmental efforts. ...

DUBAI / GULF TIME Following the breakthrough expanded air transport agreement between the United Arab Emirates and Canada, Emirates is stepping up its frequency with two additional flights per week between Dubai and Toronto. From April 20, daily flights will operate on the busy route to serve huge demand for passenger services. The move comes as bilateral relations between the ...