News

  Bloomberg Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack. The group will now aim for revenue growth of 15% to 20% for at least the ...

  Abu Dhabi / Gulf Time “Q Holding”, Abu Dhabi’s major investment conglomerate, announced the appointment of two senior executives to lead its subsidiary, “Q Properties”, in its new phase of development. “Q” appointed Ben Hudson as the new Chief Executive Officer (CEO) and David Harman as the Chief Development Officer (CDO) of the group’s development arm, “Q Properties”, paving ...

  Bloomberg The Organisation of Petroleum Exporting Countries (Opec’s) top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It is imperative that all parties involved in the ongoing climate negotiations pause for a moment; look at the big picture,” Haitham Al-Ghais, ...

  ABU DHABI / WAM The “Bridges of Goodness”, a campaign launched by the Emirates Red Crescent (ERC) to provide relief to those affected by earthquakes in Syria and Turkiye, has collected more than 30,000 food parcels and large quantities of winter clothes, blankets and other humanitarian needs. The campaign, which is being jointly organised by the ERC in cooperation ...

  Abu Dhabi / WAM In line with the vision of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the central bank of the UAE’s (CBUAE) Board of Directors, the CBUAE on Sunday launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial ...

  Dubai / WAM Figures released by Dubai Customs showed that Hatta Customs Centre has completed 87.4 thousand transactions and made 538 seizures in 2022. The centre dealt with 78.6 thousand cargo trucks and 587 thousand vehicles last year. During his morning tour to the Hatta Border Crossing, Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, welcomed participants at the World Government Summit (WGS) 2023, which is set to start in Dubai on February 13, under the theme of “Shaping Future Governments”. This ...

  Abu Dhabi / WAM In line with the launch of the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) new strategy for the next three years, the chamber has signed three memoranda of understanding (MoUs) with the Federal Tax Authority (FTA), the Statistics Centre – Abu Dhabi (Scad), and eBay, to support the private sector in the Emirate of ...

  Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) has signed a joint cooperation agreement with the Emirates Vision Media Network, with the aim of launching the “Spotlight” initiative, which intended to provide promotional and marketing support for local products related to national projects in Ajman. The agreement was signed by Jamila Kajour, Director of the Ajman ...

  Abu Dhabi / WAM In line with the vision of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the central bank of the UAE’s (CBUAE) Board of Directors, the CBUAE on Sunday launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial ...