News

ABU DHABI / WAM Agthia Group has emphasised on its strategy to acquire and consolidate value accretive businesses while leveraging synergies and maintaining a profitable core. This came as the group announced results for the fiscal year ending on December 31 in a statement recently. According to the statement, the group’s gross profit increased 21% year-on-year to AED1.2 billion, with ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has signed a memorandum of understanding (MoU) with the Japan External Trade Organisation (Jetro) in Dubai, marking a significant milestone in their efforts to strengthen trade relations and develop mutual cooperation. The MoU was signed in the presence of various high-level officials and dignitaries, including Abdullah Sultan Al Owais, ...

CAIRO / WAM Sameh Shoukry, Egyptian Minister of Foreign Affairs, highlighted his country’s willingness to continue working closely with the UAE during its COP28 presidency. He also stressed the importance of maintaining the commitment of developed countries to their financing pledges, as well as accelerating the reforms of international financing institutions and multilateral development banks to finance the efforts aimed ...

DUBAI / WAM Al Ansari Financial on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a press statement, Al Ansari said that 750,000,000 (seven hundred and fifty million) shares, each with a nominal value of AED0.01 (one fils) will be made ...

ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has announced the launch of a number of Tesla electric vehicles in cooperation with Arabia Taxi Transportation to support the fleet of environmentally friendly taxis. ITC aims to establish an integrated, clean and sustainable transport environment, keeping pace with developments in ...

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah (AUS), has emphasised the importance of celebrating the invaluable contributions of women to their communities. In her message to the AUS community on International Women’s Day, Sheikha Bodour said, “Empowering women means empowering societies and nations and opening doors of possibility for communities to ...

DUBAI / WAM etisalat by e& UAE and IBM have announced that IBM will leverage IBM sustainability software to help advance etisalat by e& company’s environmental, social and governance (ESG) strategy. etisalat by e& is committed to monitoring, benchmarking, and enhancing its economic, environmental, and social performance. This effort aims to define clear ESG goals and the roadmap to achieve ...

BLOOMBERG Singapore’s top trade official said the city-state is willing to facilitate a dialogue between the US and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world. US-China tensions “have serious consequences for the rest of the world,” Gan Kim Yong, Singapore minister for trade and industry, told Bloomberg ...

DUBAI / GULF TIME Dubai Tourism has honoured Dr Jamal Jomah, founder and leader of Med Art Clinics and the president of Arab Association for Surgical and Aesthetics Medicine in Dubai, as one of its Al Safeer Congress Ambassadors. The Al Safeer Congress Ambassador Programme members have been leading the way in bidding for and winning significant international conferences and ...

ABU DHABI / WAM On March 8, the UAE celebrated International Women’s Day to recognise the realities and challenges that women face, as well as to acknowledge the ongoing efforts towards women’s empowerment. The UAE has leveraged its global stature to support women’s issues by launching a series of initiatives, programmes, and plans to promote women in all communities, strengthen ...