Uncategorized

National Bonds, PCFC ink pact to promote savings

DUBAI / WAM National Bonds announced a new partnership with the Ports, Customs and Free Zone Corporation (PCFC), that aims to provide their employees with innovative savings and investment solutions. This partnership came into being considering the recent study conducted by National Bonds, which states that 76% of people are planning to save and invest in the UAE. Through this ...

Read More »

UAE’s Al Dahra, Adex sign $500m deal to supply wheat to Egypt

CAIRO-ABU DHABI / WAM Al Dahra, a global agribusiness leader based in Abu Dhabi, and Abu Dhabi Exports Office (Adex), have partnered to supply wheat to Egypt in a five year deal starting 2023. The five-year agreement, worth $100 million per year, will provide Egypt with a steady supply of high-quality imported milling wheat.“This agreement solidifies our commitment in establishing ...

Read More »

Inaugural Abu Dhabi Global Healthcare Week to take place in May 2024

  ABU DHABI / WAM The inaugural Abu Dhabi Global Healthcare Week will take place from May 13-15, 2024, at Abu Dhabi National Exhibition Centre. To be held under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the event will be organised by the ...

Read More »

Dubai chamber receives total of 75 mediation cases in H1

DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it received a total of 75 mediation cases during H1 2023. Mutually agreeable settlements were achieved in 35 of these cases, representing a success rate of 46.7% and highlighting mediation as one of the most effective means of settling trade disputes ...

Read More »

Yalla Group records AED561 million in first half revenues

DUBAI / WAM Yalla Group Limited on Tuesday announced its unaudited financial results for the first half of the fiscal year 2023, ending on June 30. According to the financial results, Yalla’s H1 revenues have broken the AED561 million mark ($152.8 million), an increase of 2.9% compared to the first half of last year. Likewise, the H1 net income exhibited ...

Read More »

Ministry visits Fujairah Free Zone to explore expansion, sustainability

FUJAIRAH / WAM A delegation from the Ministry of Industry and Advanced Technology (MoIAT), led by Omar Al Suwaidi, Undersecretary of MoIAT, visited Fujairah Free Zone to gain insights into industrial projects, promote the adoption of sustainability practices and advanced technology, and explore ways of enhancing enablers, incentives and investment attractiveness in the business ecosystem. The visit is in line ...

Read More »

AD Ports Group delivers 66% revenue growth in Q2 2023

ABU DHABI / WAM AD Ports Group on Tuesday announced its financial results for the second quarter of 2023 (Q2’23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both organically and through M&A. Revenue growth reached 44 percent YoY ...

Read More »

UAE leaders congratulate President of India on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Indian President Droupadi Murmu on the occasion of her country’s Independence Day, which is celebrated on August 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His ...

Read More »
Send this to a friend