News

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution announced that its retail customers were able to conveniently participate in the subscription to initial public offerings (IPOs) that were issued this year through its mobile app. 80% of clients subscribed IPOs that were issued in 2022 through Adib Mobile app in just a few clicks. ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has received a delegation from the Alexandria Chamber of Commerce, who were invited by Abdallah Sultan Al-Owais, Chairman of the SCCI, during his participation in the centennial celebration ceremony of the Egyptian Chamber of Commerce in Alexandria in October. The delegation’s visit, which lasted four days, aimed at ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Monday presided over the annual meeting of the Abu Dhabi National Oil Company (Adnoc) Board of Directors, in his capacity as its Chairman. During the meeting, which was held at Adnoc Headquarters, the board directed Adnoc to pursue a “Net Zero by 2050” ambition to support ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has grown its community to more than 200 startups following the selection of 20 companies to join its latest cohort. Of the 20 startups in the cohort, nine are UAE-based companies while the remaining 11 have relocated to Abu Dhabi, reinforcing the UAE capital’s ability to attract high-quality companies ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has partnered with the Food and Agriculture Organisation (FAO) of the United Nations in a joint effort to revive the heritage and traditions of the emirate’s pearl industry. The “Abu Dhabi Pearls” project involves sustainably farming high-quality pearls in the warm waters of the Arabian Gulf. The project ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution announced that its retail customers were able to conveniently participate in the subscription to initial public offerings (IPOs) that were issued this year through its mobile app. 80% of clients subscribed IPOs that were issued in 2022 through Adib Mobile app in just a few clicks. ...

  Abu Dhabi / Gulf Time e& (formerly known as the Etisalat group) has on Monday announced the launch of its collaborative initiative; the FutureNow Sustainability Call. As part of the group’s overarching FutureNow campaign from e& enterprise, the global technology conglomerate is inviting technology and digital solution scale-ups to develop , sustainable solutions towards reducing energy consumption across the ...

  Dubai / WAM In a distinguished patriotic atmosphere, Dubai Electricity and Water Authority (Dewa) celebrated the 51st National Day, with the participation of Saeed Mohammed Al Tayer, MD & CEO of Dewa, Executive Vice Presidents and Vice Presidents. Many employees and customers participated in the celebrations, which featured patriotic and heritage activities. Dewa’s celebrations of the National Day included ...

  Abu Dhabi / WAM Abu Dhabi Airports, the operator of the five airports in the emirate of Abu Dhabi, on Monday released its passenger traffic results report for the third quarter of 2022. During this period, passenger traffic totalled 4.7 million passengers, a rise of 250% compared to the 1.3 million passengers in Q3 2021. The report highlights impressive ...

Bloomberg China’s economic activity slumped in November and could drop further in coming weeks as Covid outbreaks spread across the country and protests against tighter virus restrictions escalate. Bloomberg’s aggregate index of eight early indicators showed a likely contraction in activity in November from an already subdued pace in October. With Covid cases spreading rapidly in each of China’s provinces ...