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Tourism projected to account for 12% of UAE’s GDP in 2024: Minister of Economy

DUBAI/ WAM Abdullah bin Touq Al Marri, Minister of Economy, Chairman of the Emirates Tourism Council, stressed that the tourism sector contributed to the UAE’s economy, registering an 11.7 percent increase in Gross Domestic Product (GDP) in 2023, amounting to AED220 billion. Speaking at the opening day of the Arabian Travel Market (ATM) 2024, Al Marri said that the sector ...

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Advanced molecular diagnostics laboratory opens in UAE

ABU DHABI / WAM Burjeel Holdings has commissioned a cutting-edge, advanced molecular diagnostics and immune profile testing laboratory in the UAE. To manage the technical and operational aspects, the Group’s central laboratory — CoLab — has partnered with Canada-based OncoHelix that provides specialised molecular and immune profile testing for clinical diagnostic, and translational research in North America and worldwide. Located ...

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Adnoc Gas reports 21% Y-o-Y rise in net income to $1,187 m

ABU DHABI / WAM Adnoc Gas plc on Tuesday announced its financial results for the three months period ended on March 31 (Q1 2024). The company’s adjusted net income improved by 21% Y-o-Y to $1,187 million, while its domestic gas net income unit margin improved by 20% Y-o-Y. This is a testament to Adnoc Gas’ position as a highly efficient ...

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Under the patronage of Mansour bin Zayed, 3rd Khalifa Award for Education Conference to take place in Abu Dhabi

ABU DHABI / AD MEDIA OFFICE Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Minister of the Presidential Court, Chairman of the Board of Trustees of the Khalifa Award for Education, the award is organising its third international conference entitled Education as a Pathway from Empowerment to the ...

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Dubai International Chamber arranges bilateral business meetings in Jakarta

JAKARTA / WAM Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has organised 200 bilateral business meetings between companies from Dubai and Indonesia during the first leg of the chamber’s week-long trade mission to Southeast Asia, which includes visits to Indonesia and Vietnam. The delegation featured representatives from 17 companies from Dubai operating ...

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Cleveland Clinic treats 90-year-old patient using LAMS technology

ABU DHABI / WAM Cleveland Clinic Abu Dhabi, part of the M42 group, marks a new milestone in treating acute cholecystitis in a 90-year-old patient with comorbidities using an advanced lumen-apposing metal stent (LAMS) technology for gallbladder drainage. This innovative adaptation of the procedure, initially designed for pancreatic fluid collection, reflects the hospital’s capabilities and agility in adopting the latest ...

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Mubadala invests in Perdaman’s Western Australia Urea project

ABU DHABI / WAM Mubadala Investment Company, the Abu Dhabi sovereign investor, has announced an investment alongside Global Infrastructure Partners in Perdaman’s A$6.4bn ($4.2bn) Western Australia Urea project, the largest such plant in Australia and one of the largest urea fertiliser facilities in the world. The project represents the largest investment ever made in the Australian fertiliser industry, with the ...

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Sharjah Charity International supports 1,283 productive projects across 3 continents

SHARJAH / WAM Sharjah Charity International (SCI) delivered 1,283 productive projects in 2023 at a total cost of AED2,268,830. These initiatives were implemented across different continents, including 449 projects in Asia, 698 in Africa, and 136 in Europe. Mohammed bin Nassar, Director of the Corporate Communications and Marketing Department at SCI, underscored the charity’s dedication to integrating sustainability into philanthropic ...

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AIM Congress 2024 kicks off in Abu Dhabi

ABU DHABI / WAM AIM Congress 2024, a premier global investment platform, kicked off in Abu Dhabi under the theme “Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global Economic Development”. Set to take place until May 9, AIM Congress 2024 boasts an impressive lineup of participants, including over 100 ministers, city mayors and central bank governors; 900 ...

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