News

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and Zand Bank PJSC, the UAE’s first all-digital bank licenced by the UAE central bank, signed a memorandum of understanding (MoU) to support UAE SMEs and provide preferential banking services. The agreement will focus on providing preferential banking services including efficient bank account ...

Abu Dhabi / WAM Tawazun Council, the independent government entity that works closely with the Ministry of Defence and security agencies to maximise value through acquisition systems, announced signing of 11 deals with local and international companies on day one of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2023, cumulatively worth AED4.5 billion. Zayed Saeed Al ...

Dubai / WAM Dubai International Financial Centre (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 percent from 3,644 in 2021 to 4,377 in 2022. New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the centre’s history with 2022 seeing a ...

  Abu Dhabi / WAM Edge group on Monday signed a major €1 billion ($1.07 billion) milestone contract which will see leading shipbuilder Abu Dhabi Ship Building (ADSB) build a fleet of best-in-class 71-metre corvettes for the Angolan Navy. The BR71 MKII corvette is a highly sophisticated vessel fitted with advanced mission systems, including a 3D radar, electronic warfare suite, ...

  Abu Dhabi / WAM The Joint Operations Command of the Ministry of Defence has announced the completion of the search and rescue missions as part of the “Gallant Knight / 2” operation in Türkiye. The announcement follows the Turkish Disaster and Emergency Management Authority (Afad) announcing the completion of its search and rescue operations. The Emirati search and rescue ...

  Abu Dhabi / WAM The Abu Dhabi Economic Summit, set to take place on February 28, will bring together experts from the worlds of government, business, finance and technology to explore new frontiers of growth. The summit is hosted by the Abu Dhabi Department of Economic Development (Added) and organised by Economist Impact Taking place under the theme “Looking ...

  Abu Dhabi / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced its participation in the 27th edition of the Muscat International Book Fair. The event will be held in the Omani capital from February 22 to March 4, with the participation of 826 ...

  Abu Dhabi / Gulf Time Under the patronage of Sheikh Mohammed bin Sultan bin Khalifa Al Nahyan, Chairman of the Board of Directors of the Abu Dhabi Marine Sports Club, the “UAE MotoSurf Championship” is scheduled to be held on March 18, 2023 in “Al Qana”, the unique waterfront located at the gateway of Abu Dhabi and considered one ...

  Bloomberg Property sellers are seeking sharply higher prices across north London as young professionals return to jobs in the capital after the pandemic, a survey showed. Asking prices for homes in Camden surged 17.2% from a year ago and by 6% in the past month alone, the property search website Rightmove said Monday. Barnet and Islington notched up annual ...

  Bloomberg Ohio Senator Sherrod Brown said corporate maneuvers that favor shareholders and company executives are to blame for safety lapses leading up to a train derailment that spilled toxic chemicals in a town in his home state. “This is the same old story — corporations do stock buybacks, they do big dividend checks, and they lay off workers,” Brown ...