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196 significant transactions on ADNOC Drilling shares in ADX worth AED3.4 million

ABU DHABI/WAM Abu Dhabi Securities Exchange (ADX) witnessed the execution of 196 significant transactions on ADNOC Drilling shares. According to ADX data, the transactions involved a total of 880 million shares, exceeding a value of AED3.4 million at an execution price of AED3.9. Abu Dhabi National Oil Company (ADNOC) announced yesterday that it has successfully completed a placement to institutional ...

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Third Make It in the Emirates Forum to kick off on Monday in Abu Dhabi

ABU DHABI/WAM The third edition of the Make It in the Emirates Forum, organised by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC Group, will kick off on Monday at the Abu Dhabi Energy Centre. Held from 27th to 28th May under the theme “Invest. Innovate. Grow.”, ...

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Mohammed bin Rashid offers condolences on passing of Hamad Al Khaili

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, offered condolences on the passing of Hamad bin Suhail Al Khaili at Al Mushrif Palace in Abu Dhabi. H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and several Sheikhs, officials and citizens, also offered their ...

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UAE Ambassador presents credentials to President of Colombia

BOGOTÁ / WAM Mohammed Abdullah bin Khater Al Shamsi presented his credentials as Ambassador Extraordinary and Plenipotentiary of the UAE to the Republic of Colombia, to Gustavo Petro Urrego, President of the Republic of Colombia, during an official ceremony held at the Presidential Palace in the capital Bogotá. Al Shamsi conveyed the greetings of President His Highness Sheikh Mohamed bin ...

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“Joby’s air taxis are like Teslas in the skies”: Bonny Simi

  DUBAI/ GULF TIME California-based Joby Aviation, a company developing all-electric aircraft for commercial passenger service, is all set to launch air taxi services in Dubai by early 2026, with Joby targeting initial operations in 2025. Bonny Simi, the president of operations at Joby Aviation, shares insights with the Gulf Time’s Arunima Mishra on inter-emirate air taxi services, for example ...

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Islamic banks assets increased by AED86 billion over past 12 months

ABU DHABI / WAM The assets of Islamic banks operating in the UAE increased by about AED86 billion over the past 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). The statistics showed that the assets of Islamic banks reached AED717.7 billion at the end of February 2024, reflecting an annual increase of 13.61 ...

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Dubai Internet City to showcase latest innovations at GITEX Africa 2024

DUBAI / WAM Dubai Internet City will showcase the best of African technology and innovation from its community at GITEX Africa 2024, which will be held from 29th to 31st May in Marrakech, Morocco. Artificial intelligence (AI), smart cities, mobility, and blockchain will be among the emerging themes discussed at GITEX Africa. Dubai Internet City set to present the latest ...

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Nahyan bin Mubarak offers condolences on passing of Iranian President

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, today offered his condolences at the Embassy of the Islamic Republic of Iran in Abu Dhabi on the passing of President Ebrahim Raeisi and the accompanying delegation in a helicopter crash. Sheikh Nahyan was received by Reza Ameri, Ambassador of Iran to the UAE, where ...

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UAE President to begin state visit to China on 30 May

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan will commence a state visit to the People’s Republic of China on Thursday, 30th May, following an invitation from Chinese President His Excellency Xi Jinping. During the visit, His Highness will discuss with President Xi Jinping the bilateral relations between the two countries and opportunities for ...

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