News

ABU DHABI / WAM The Future100, the joint initiative between the Ministry of Economy and the Government Development and the Future Office, has attracted new strategic partnerships to support the top 100 emerging companies that contribute to enhancing the competitiveness of the future of the economic sectors, which include CSR UAE, Microsoft, Careem and FTI Consulting. Abdullah bin Touq Al ...

ABU DHABI / WAM The UAE began one of its major space missions in 2023, with the Emirati astronaut Sultan Al Neyadi travelling to the International Space Station (ISS) as part of the six-month mission, titled, “Zayed Ambition 2.” The mission is one of a series of ambitious Emirati missions, which include the launch of MBZ-Sat and the arrival of ...

ABU DHABI / WAM The United Arab Emirates — thanks to its wise leadership’s visions — has achieved continuous accomplishments in the space economy sector, which enhances its global competitiveness and contributes to diversifying its economy based on knowledge and innovation. The UAE has placed the space industry among its top priorities for the next fifty years. The country spent ...

ABU DHABI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, on Thursday received Ibrahim bin Hassan Al Hawaj, Bahrain’s Minister of Works, at the headquarters of the Ministry of Energy and Infrastructure (MoEI) in Dubai. They discussed ways to boost UAE-Bahrain synergies in the infrastructure and transport sectors. Al Mazrouei said, “The UAE and Bahrain enjoy ...

ABU DHABI / WAM Emirates Red Crescent (ERC) and Q Holding PJSC signed a cooperation agreement to strengthen their partnership in humanitarian fields. The agreement outlines mechanisms for coordination and cooperation between the two parties and Q Holding’s role in supporting the ERC’s humanitarian and development efforts in the UAE and abroad. It also aims to promote corporate social responsibility ...

ABU DHABI / WAM Emirates Water and Electricity Company (Ewec) has, for the first time, met 80% of total power demand in Abu Dhabi using renewable and clean energy from its solar and nuclear energy plants. In the process, Ewec supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand. The significant achievement to meet 80% of total ...

DUBAI / WAM Investopia 2023 announced the launch of its newly innovative investment platform “Marketplace”, with the aim of enhancing the UAE attractiveness to foreign investments in various economic and commercial sectors, in particular the new economy sectors, and with the aim to position the UAE as a leading investment destination on the regional and global level. The launch will ...

ABU DHABI / WAM The first political consultation committee between the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry for Foreign and European Affairs and Trade of the Republic of Malta took place virtually. The meeting was chaired by ambassador Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent ...

BLOOMBERG Oil dipped after hot inflation data led traders to anticipate that central bankers are likely to stay hawkish for the coming months, offsetting hopes for higher demand from Asia. West Texas Intermediate dropped below $76.50, reversing earlier reached gains after China and India released strong manufacturing and oil-sales data. Crude has weakened this year as the prospect of tighter ...

ABU DHABI / WAM The Central Bank of the UAE has released figures showing that the total investments of banks operating in the country reached a historic high of AED528 billion at the end of December 2022. This represents an 11.5% annual increase or AED54.5 billion compared to the same period in the previous year, when total investments were AED473.2 ...