ABU DHABI / WAM Dubai Electricity and Water Authority (Dewa) has been recognised as the second most valuable Middle Eastern utilities brand and its brand value has risen by 30%, according to Brand Finance, the world’s leading brand valuation consultancy. Saeed Mohammed Al Tayer, MD and CEO of Dewa, has been ranked 3rd among the top CEOs in the Middle ...
Read More »News
Orthognathic Surgery Center opens in Dubai
DUBAI / GULF TIME The opening ceremony of the Orthognathic Surgery Center, specialised in dentistry and jaw surgery, was held at the Hyatt Regency Creek Heights Hotel in Dubai Healthcare City on Monday. The center’s founders Dr Ahmad Al-Zahaili, Dr Jean Francois Tulasne and a large group of senior guests, doctors, media professionals and the center’s employees attended the event. ...
Read More »UAE supports global efforts to promote economic integration, says minister
NEW DELHI / WAM Abdullah bin Touq Al Marri, Minister of Economy, participated in the CII Partnership Summit 2023, which is being held in New Delhi, India, from March 13-15 under the theme “Partnerships for Responsible, Accelerated, Innovative, Sustainable and Equitable Businessesâ€. The summit aims to facilitate the exchange of visions and ideas that can support sustainable development efforts and ...
Read More »UAE: Second auction of T-Bonds records AED5.51 billion in bids
ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the central bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the second auction in 2023 of the Treasury Bonds programme (T-Bonds), which is part of the T-Bond issuance programme for 2023 ...
Read More »Abu Dhabi’s Aldar launches Reeman Living in Al Shamkha
ABU DHABI / WAM Aldar Properties has announced the launch of Reeman Living, a new residential development that brings design-led urban living to Aldar’s Alreeman project in the Al Shamkha neighbourhood of Abu Dhabi. The project provides a selection of vibrant and inclusive communities within prime areas of Abu Dhabi. The development also offers bespoke design elements and colour palettes, ...
Read More »Mashreq Bank funds $15.5bn in sustainable finance since Jan 2021
DUBAI / WAM Joel Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said that since January 2021, Mashreq has facilitated AED56.9 billion ($15.5 billion) of sustainable finance and adaptation-related investments. In a statement to Emirates News Agency (WAM), Dusen said that ESG is related to cash flow in five important ways. It minimises regulatory and legal intervention, ...
Read More »Yalla group revenue hits record AED1.1b in 2022
ABU DHABI / WAM Yalla Group Limited has announced its unaudited financial results for the fourth quarter and full year ended on December 31, 2022. Yalla continued to focus on quality growth in 2022, with full year revenue hitting AED 1.1 billion, ($303.6 million), an increase of 11.2 percent compared to AED 1.0 billion in 2021. The group also recorded ...
Read More »Covid-19: UAE announces 50% discount on fines
ABU DHABI / WAM The Emergency, Crisis and Disasters Prosecution on Tuesday announced a 50 percent discount on penalties imposed for violating Covid-19 precautionary measures. Effective as of March 15, the decision – which will last for two months – includes all the unpaid violations committed during the pandemic. The Emergency Prosecution called for benefiting from the reduction decision and ...
Read More »Expo City Dubai unveils plans for new residential projects
DUBAI / WAM Expo City Dubai has launched the first phase of Expo Valley and Expo Central – its new residential developments that build on the exceptional standards of Expo 2020 Dubai to redefine urban living within a smart, sustainable, people-centric city of the future. An integral part of the Dubai 2040 Urban Master Plan, the clean, green, integrated communities ...
Read More »UAE launches Manara Centre to promote regional co-existence
ABU DHABI / WAM The UAE on Tuesday announced the formation of the Manara Centre, the regional centre for coexistence. Based in Abu Dhabi and named after the Arabic word that means “source of lightâ€, the centre will support core UAE values and initiatives, such as the Year of Tolerance and the Abrahamic Family House. The Manara Centre was established ...
Read More »