News

Dubai / WAM Chairman of the UAE Banks Federation (UAEBF), Abdulaziz Al Ghurair, said that the UAE banking and financial sector has successfully addressed the numerous geopolitical and economic developments and changes that over the recent years have posed challenges to the global economy. He made the statements as he addressed the fourth meeting held by the CEOs of the ...

Dubai / WAM Li Xuhang, Consul-General of the People’s Republic of China, on Tuesday rang the market opening bell to celebrate the listing of $300 million bonds on Nasdaq Dubai. This is the second time that the Bank of China is listing its bonds on the region’s international financial exchange, following the listing of CNH 2 billion bonds in 2015. ...

Sharjah / WAM Beeah group, the Middle East’s sustainability pioneer, Chinook Sciences, UK’s innovator in waste to fuel technologies, and Air Water, a Japanese conglomerate with businesses relating to natural resources and industrial gas production, signed an MoU to produce fuel cell grade hydrogen from waste wood and plastic. The MoU signed in Japan is a first step in forming ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched its strategy to explore the future of the tax sector and strive for world-leading tax procedures. The strategy is built on a thorough assessment and follows comprehensive plans developed to map out the future of the UAE tax system, in line with international best practices. In a press ...

  Dubai / WAM Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 million, ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday inaugurated Khalifa Port’s expansion, as part of a celebration recognising the achievements of AD Ports group on the 10th anniversary of Khalifa Port, and the 50th anniversary of Zayed Port. On this occasion, His Highness said, “The Khalifa Port expansion project is one of ...

  Abu Dhabi / WAM A consortium led by AD Ports group and Invictus Investment has signed a Heads of Terms agreement with the Government of the Republic of Sudan that provides them with the right to develop, manage, and operate port and economic zone assets in Sudan. Under the terms of the agreement, the consortium will have the sole ...

Aswan / WAM The governments of the UAE and Egypt inaugurated the “Egypt Services Centre” in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration, which is part of the strategic partnership between the two countries in government modernisation, was attended by an Emirati delegation that included Mohammad bin Abdullah Al Gergawi, Minister of Cabinet ...

  Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has resumed its direct flights to Kuala Lumpur, the capital city of Malaysia. The direct flights will connect Sharjah International Airport with Kuala Lumpur International Airport with a frequency of three weekly flights starting from March 20, 2023 which will increase ...

  Dubai / WAM The Ministry of Health and Prevention (MoHAP) has won three awards in two separate competitions, strengthening its leadership and competitive position in the field of digital transformation. The ministry won the best government innovative application award from CXO Insight Middle East magazine. At the same time, Samir Al Khoury, Director of the Information Technology Department at ...