News

UAE’s minister urges investment and action for water sustainability at UN

DUBAI / WAM Mariam bint Mohammed Almheiri, the Minister of Climate Change and Environment, emphasised the importance of collaboration, data sharing and investment in achieving global solutions for promoting water sustainability in an interactive dialogue and side sessions at the United Nations in New York. The UN 2023 Water Conference brought together global leaders and experts to identify innovative solutions ...

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Dewa, UAE ministry discuss ways to enhance cooperation

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of the Dubai Electricity and Water Authority (Dewa), welcomed Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), at Dewa’s head office. This is part of a series of mutual visits to enhance cooperation between government organisations in the UAE. The meeting ...

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House of Wisdom offers annual membership for unlimited learning

SHARJAH / WAM With its annual membership packages, the House of Wisdom (HoW) created a new opportunity for the UAE community to read, play, work and be entertained throughout the year, enjoying uninterrupted access to world-class sources of knowledge and spaces to bring their imaginations to life. Members will have access to the entire collection of HoW’s world-class physical and ...

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Foodco wins prestigious ‘Product of the Year’ award in UAE

DUBAI / IBRAHIM ELDESOUKIE Foodco National Foodstuff, one of the leading local food companies, has won the prestigious “Product of the Year” award in two categories in the United Arab Emirates (UAE) for 2023. The company’s brand Shehrazade won the award for the best rice product for the third time in a row, while Virginia — Tuna Salad won the ...

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Sarvé Jewelry & Novi Galleries spotlight Dubai

DUBAI / GULF TIME Under the patronage and presence of His Highness Sheikh Maktoum Bin Saeed Al Maktoum, Dubai witnessed a wonderful legend, A thousand nights & night was written with the most beautiful harmony of love and creativity together for the world of luxury jewellery and rare antiques, between the largest name in the world of precious gemstones “Novi ...

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Abu Dhabi’s ADX appoints Emirates NBD Capital as its new custodian

ABU DHABI / GULF TIME Abu Dhabi Securities Exchange (ADX) continues to expand its custodial services offering by the new appointment of Emirates NBD Capital as a custodian. Emirates NBD Capital obtained its custody license from the UAE Securities and Commodities Authority (SCA). Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in ...

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Crude pares its weekly advance as dollar rises

BLOOMBERG  Oil pared its weekly advance, with prices erasing early gains as renewed concerns over financial sector stability buoyed the dollar, making commodities priced in the US currency less attractive. West Texas Intermediate slumped below $70 a barrel after the dollar’s jump on a broader decline in risk appetite. The US crude benchmark has advanced by less than $3 a ...

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UAE’s Al Ansari increases IPO size to 7.5% for retail investors

ABU DHABI / WAM Al Ansari Financial Services on Friday announced that following the approval from the Securities and Exchange Authority (SCA), Al Ansari Holding LLC (selling shareholder) has exercised its right to increase the number of shares offering in the UAE retail offer of the group’s initial public offering to 56,250,000 ordinary shares from 37,500,000 ordinary shares. In a ...

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