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ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced that insiders’ trading prohibition period will start on June 16  pending the full disclosure of the second quarter 2023 financial statements. Subject to Article No (14) of SCA Board of Directors’ Decision No. (2/R) of 2001 concerning the regulations as to Trading, Clearing, Settlement, Transfer of Ownership and Custody ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has announced a major 24 perccent year-to-date increase in the number of Chinese companies setting up in its free zone. The announcement comes as DMCC concludes a series of roadshows in China that took place in the commercial and trade hubs of Shanghai, Guangzhou and Chongqing. This was the first physical DMCC ...

DUBAI / WAM Roboday PitchDay, the first-ever robotics-specific pitch competition in the UAE, concluded successfully, unveiling cutting-edge advancements in robotics technology. The event was held in partnership with Dubai Silicon Oasis (DSO), the Special Economic Zone for Knowledge and Innovation and a member of the Dubai Integrated Economic Zones Authority (Diez). The Roboday PitchDay demonstrated Dubai’s commitment to spearheading the ...

MUSCAT / WAM A delegation from the National Human Rights Institution (NHRI), headed by Maqsoud Kruse, Chairperson of the NHRI, visited the Oman Human Rights Commission in the capital, Muscat. The two-day visit included several high-level meetings and official visits. The delegation was received by Sheikh Abdullah bin Shuwain Al Hosni, Chairman of the Oman Human Rights Commission. The two ...

KUALA LUMPUR / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Anwar Ibrahim, Prime Minister of Malaysia, during his official visit to Kuala Lumpur. During the meeting, Sheikh Abdullah conveyed the greetings and best wishes of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, noting that ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved AED60 million to provide Sharjah Municipality with heavy construction equipment, to execute construction tasks for the housing projects of the Sharjah Housing Programme. His Highness’ generosity will keep pace with the increasing demands on residential lands and housing projects ...

ABU DHABI / WAM The United Arab Emirates and Canada held the fourth session of the joint consular committee in the Canadian capital Ottawa to advance and consolidate cooperation in all joint consular matters to better serve the citizens of the two countries. The meeting was chaired by Faisal Issa Lutfi, Assistant Undersecretary for Consular Affairs at the Ministry of ...

ABU DHABI / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is participating in the 32nd Doha International Book Fair, which is taking place from June  12-21 at the Doha Exhibition and Convention Centre. The ALC’s participation in the event is in line with its objectives ...

DUBAI / WAM Tecom Group, the creator of specialised business districts and vibrant communities, on Thursday announced it has entered into a new five-year AED7.6 billion unsecured loan facility replacing the existing partially utilised term loan of AED7.6 billion. The facility will have a positive impact on the company’s cash flow profile while providing it with the funds to execute ...

NEW YORK / WAM The United Nations Security Council on Thursday adopted a historic resolution, co-penned by the United Arab Emirates (UAE) and the United Kingdom, on tolerance and international peace and security that recognises for the first time that hate speech and extremism can contribute to the outbreak, escalation, and recurrence of conflict. “The UN Charter enshrines our collective ...