News

  Abu Dhabi / WAM The members of the third batch of conciliators from Abu Dhabi Real Estate Dispute Resolution Centre (Taswiya) were sworn in before Youssef Saeed Al Abri, Under-Secretary of Abu Dhabi Judicial Department (ADJD), ahead of assuming their conciliatory duties to resolve real estate disputes through alternatives to litigation and amicable settlements. This swearing-in ceremony comes in ...

  Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, inaugurated “Al Sanaa” pavilion for Emirati productive families at Global Village in Dubai, with the participation of 67 such families from October 25 to April 29, 2023, coinciding with the 27th season of Global Village. The opening was attended by Ahmed Aboul Gheit, Secretary-General of the Arab League, ...

  Dubai / WAM Dubai Culture and Arts Authority is opening the eyes of the local community, to present to them the origins of an ancient Middle Eastern artform through its ‘Arabic Calligraphy Art’ project. This represents a creative platform through which the authority interacts with Arabic calligraphy enthusiasts, giving the opportunity to learn it and develop their skills. The ...

  Bloomberg Investors are slowly coming to terms with the sheer size of the UK government’s borrowing needs over the next few years and it doesn’t look pretty. Net gilt supply in the next fiscal year is likely headed for an all-time record, according to bank estimates. For Citigroup Inc. strategists, the increase means the market needs to find twice ...

  ABU DHABI / WAM The Global Media Congress, which was held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, has successfully enhanced its stature as a pioneering regional and international platform for the media industry. The event’s first edition, which concluded on November 17 in Abu Dhabi, ...

Abu Dhabi / WAM AD Ports group on Friday announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and Ebitda of AED6.91 billion and AED555 million, respectively. The total purchase consideration (enterprise value) for 100 percent ownership amounts to AED2.5 billion, implying an LTM EV/Ebitda of 4.6x. This value ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Sultan Haitham bin Tariq Al Said of Oman on the occasion of his country’s 52nd National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent a ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has partnered with Abu Dhabi Islamic Bank (Adib), Wio Bank, and Rakbank to facilitate knowledge sharing on latest banking developments and support small and medium-sized enterprises (SMEs) with access to key financial services. The announcements were made during the first edition of Abu Dhabi ...

  Abu Dhabi / WAM With the successful closing of the acquisition of Zakher Marine International (ZMI), Adnoc Logistics & Services (Adnoc L&S) continues to grow as a competitive, world-class logistics and services company. The acquisition of ZMI, an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled, self-elevating jack-up barges, marks another ...

  DUBAI / WAM Emirates Global Aluminium (EGA) and Itochu Corporation of Japan on Friday signed an agreement to explore joint projects in the UAE, which would advance the goals of the nation’s Operation 300bn industrial growth strategy. EGA’s relationship with Itochu stretches back to the 1980s, with the Japanese company marketing EGA’s metal to customers in Japan and Japanese ...