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 ...
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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 »Reem Hills: Q Holding, NPC ink AED470mn infrastructure deal
ABU DHABI / GULF TIME Q Holding announces a contract with National Project Construction (NPC), a subsidiary of Trojan Construction Group, worth AED470 million, has been signed for the infrastructure and road development of Reem Hills Phase 1 on Al Reem Island. NPC will manage the efficient, world-class implementation and delivery of the power, water, sewerage, telecommunication and gas networks ...
Read More »Achieve your dreams of parenthood with Orchid Fertility Clinic
DUBAI / GULF TIME When considering having a baby, most of us will unthinkingly assume that we can, however for many women it can prove more difficult to conceive and for some, seemingly impossible. This is a heart-breaking prospect and one that can become all-consuming. Orchid Fertility Clinic in Dubai have helped numerous couples achieve their dream of parenthood thanks ...
Read More »Etisalat completes region’s first 5G network trial in UAE
ABU DHABI / WAM etisalat by e& UAE on Monday announced the successful trial of 5G network capability covering multiple locations for an oil & gas corporation with the highest standard of data security and digitalisation over a mobile network capable of delivering large amounts of data reliably. The trial aimed at addressing a requirement of the oil & gas ...
Read More »New York-based Kyndryl joins UAE ministry’s NextGenFDI Programme
ABU DHABI / WAM Kyndryl, the world’s largest IT infrastructure services provider, has joined the UAE Ministry of Economy’s NextGenFDI Programme, which aims to attract digitally enabled businesses from all over the world and provide them with the necessary market entry fundamentals to launch and scale their operations within the UAE. The news follows the recent announcement in February that ...
Read More »Borouge OKs final dividend of $650 million for 2022
ABU DHABI / WAM Borouge, a leading petrochemical company that specialises in innovative and distinctive polyolefin solutions, held its inaugural Annual General Meeting (AGM) on Monday. Shareholders voted to approve a final dividend of $650 million for the fiscal year 2022, approximately 7.9 fils per share, which brings the total post-IPO dividend paid (June-December 2022) for the year to $975 ...
Read More »UAE enhancing leading position in gender balance: World Bank
ABU DHABI / WAM Iva Hamel, the World Bank Representative in the UAE, has praised the UAE for being the most progressive country in the Middle East and North Africa in terms of women’s empowerment. She commended the UAE’s commitment to supporting women’s role in the community and increasing their economic opportunities. In her statement to WAM, Hamel said that, ...
Read More »Adnoc Gas gains AED33.8bn on first day after IPO at ADX
ABU DHABI / WAM Adnoc Gas stocks increased their gains and capital profits to more than AED33.8 billion on the first day of trading after the company’s initial public offering (IPO) at the Abu Dhabi Securities Exchange (ADX). The company’s market capital rose from AED181.9 billion to AED215.6 billion by the end of Monday’s trading session, closing at AED2.81 per ...
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