News

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) on Thursday announced the launch of the region’s first tokenised, contactless payment methods through the options of clasp and ring “Adib Pay”, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa. Samih Awadhalla, Acting Global Head of Retail Banking at Adib, said, “Adib continues ...

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) kicked off mass production of next-generation chips on Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung ...

  Bloomberg India’s move to restructure the world’s biggest food program is a fiscally prudent and a politically deft move, according to Nomura Holdings Inc. The withdrawal of the free food plan was always going to be politically tricky, but the simultaneous reorientation of the food public distribution system makes it an easier political sell, Nomura economists Sonal Varma and ...

  Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced that the subscription to the Unemployment Insurance Scheme will start on January 1, 2023, calling on UAE nationals and residents who work in the federal government and private sector to subscribe. Stemmed from the Federal Decree-Law No. 13 of 2022, the Unemployment Insurance Scheme aims ...

  Abu Dhabi / WAM Ahmed bin Mohammed Al Jarwan, President of the Global Council for Tolerance and Peace, and Rustam Minnikhanov, President of Tatarstan, discussed opportunities for cooperation between the council and Tatarstan. During the meeting, Al Jarwan talked about the council’s main activities and its efforts to promote the values of tolerance and peace worldwide, in addition to ...

  Dubai / WAM Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Hamad bin Faisal Al Malki, Minister of Cabinet Affairs of Bahrain, discussed strengthening the cooperation between their ministries. The meeting’s participants addressed the relations between the UAE and Bahrain, especially in light of the support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and ...

  Abu Dhabi / Gulf Time Palms Sports, a global sports management company with the world’s largest Jiu-Jitsu training academy, and a subsidiary of International Holding Company, has achieved its target for this year hitting AED 754 million in new service agreements total value. This represents a 20% growth in service agreements compared with the previous year, with the company ...

  Dubai / WAM Enoc group announced that it was awarded the ‘Sword of Honour’ by British Safety Council for the second time; one of 94 organisations worldwide to have received this recognition. In addition, the group completed a best practice Five Star Occupational Health and Safety Audit by British Safety Council demonstrating its commitment towards the continual improvement of ...

  Abu Dhabi / WAM AD Ports group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to launch an exclusive joint venture (JV), 51% owned by AD Ports group and 49% owned by KMTF, to provide offshore and shipping services for energy companies in the Caspian ...

  Sharjah / WAM The Sharjah Entrepreneurship Centre (Sheraa) announced a partnership with the DMZ, that will foster a new wave of entrepreneurial success for the entrepreneurs of Sharjah and empower 15 startups from the emirate to the DMZ-led soft-landing programme. The DMZ is a world-leading startup incubator based at Toronto Metropolitan University (TMU). The incubator helps to equip the ...