ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has said that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE leads global efforts to promote the values of tolerance and coexistence. In his keynote speech on the second day of the Global Media Congress marking the International ...
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DXB welcomes SunExpress’ new flight
Dubai / WAM Dubai International (DXB) added a new connection to its growing list of destinations with the launch of SunExpress’ direct flights between Dubai and the Turkish city of Izmir recently. This is the second Turkish route the carrier now operates into DXB after it launched scheduled operations to Antalya in September earlier this year. SunExpress is operating ...
Read More »Arada to showcase its existing projects at Cityscape Dubai
Dubai / WAM Arada will once more take part in Cityscape Dubai, which is taking place between November 21-23 at the Dubai World Trade Centre. During the show, which brings together some of the region’s largest developers, Arada will showcase its existing projects, Aljada and Masaar, as well as announcing new expansion plans that cater to the exceptionally strong ...
Read More »Air Arabia launches new direct flights to Namangan
Sharjah / WAM Air Arabia has announced the launch of a new route from Sharjah to Namangan in Uzbekistan. The new direct flights will connect Sharjah International Airport with Namangan Airport with three weekly flights starting from November 27. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are glad to further expand our reach to ...
Read More »AD Ports third-quarter net profit up 77% to AED334m
Abu Dhabi / WAM AD Ports group on Tuesday announced its financial results for the third quarter of 2022. The group’s revenue grew 53% year-on-year (YoY) to AED1,466 million in Q3 2022 (+35% YoY growth to AED3,755 million for the first nine months of 2022), driven by strong growth in its maritime cluster and a robust performance of its ...
Read More »Cabinet approves penalties for flouting Nafis initiative
DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Competitiveness Council (Nafis) have started implementing the Cabinet Resolution No. 95 of 2022 regarding violations and administrative penalties related to the initiatives and programmes of (Nafis). The resolution mandates the ministry and the council to apply administrative penalties per specialisation. The cabinet resolution provides an ...
Read More »ADX ETF market surpasses AED1.4bn in traded value
Abu Dhabi / Gulf Time Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX) trading values have surpassed AED1.4 billion year to date, making the Exchange’s ETFs the most liquid in the Arab world. Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units. This milestone reinforces ...
Read More »Al Seer Marine to buy four new tankers for AED643m
ABU DHABI / WAM Al Seer Marine announced on Tuesday a new four IMO II/III product tankers order valued at AED643 million as part of Al Seer global expansion push this year. K Shipbuilding, the leading Korean shipyard, will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which are expected to be delivered before ...
Read More »Wio Bank, ADGM join hands to boost banking journey for SMEs
Abu Dhabi / WAM Wio Bank, the region’s first platform bank, on Tuesday announced a partnership with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, to bolster collective efforts to support small and medium-sized enterprises (SMEs) in the UAE to gain access to key banking services quickly and efficiently. With this partnership, Wio will extend ...
Read More »Emirates, GDRFA sign landmark biometric deal
Dubai / WAM In collaboration with the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA), Emirates airline is now offering international travellers the opportunity to speed up their airport experience by consenting to the use of biometric data. The agreement was signed by Lieutenant General Mohamed Ahmed Al Marri, Director General of GDRFA in Dubai, and Adel ...
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