DUBAI / WAM The Big 5 Global, the MEASA region’s largest construction industry event, is scheduled for December 4-7, at the Dubai World Trade Centre. The event expects 2,200+ exhibitors and 68,000+ attendees from 150+ countries, fostering networking, partnerships, and knowledge exchange. It brings together stakeholders from contractors, developers, architects, engineers, and innovators to ESG advisors and policymakers, fueling the ...
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Metro Bank CEO says Barclays among potential buyers of mortgages
BLOOMBERG Metro Bank Holdings CEO Daniel Frumkin indicated that Barclays Plc is among the possible buyers of a $3.7 billion mortgage portfolio the struggling lender put up for sale as it attempts to strengthen its balance sheet. Frumkin said the process had attracted significant interest from potential suitors including one not “dissimilar to what’s on your paycheck.”
Read More »Oxford Economics predicts 4.4% GDP Growth for UAE in 2024
ABU DHABI / WAM Oxford Economics, an independent economic advisory firm, has predicted that the UAE economy will grow by 4.4% in 2024. This growth is being driven by a number of factors, including government initiatives to support economic diversification. In his statement to the Emirates News Agency (WAM), Scott Livermore, Chief Economist, Oxford Economics Middle East, and Managing Director, ...
Read More »COP28 Presidency unveils steps supporting women’s leadership in climate diplomacy
ABU DHABI / WAM The COP28 Presidency has announced measures to support the representation and participation of women at the UN Climate Change Conference COP28 in th UAE. The measures include financial assistance to encourage stronger attendance of women delegates, technical training sessions, and support for an international conference. “Historically, the perspectives and leadership of women have been underrepresented in ...
Read More »Crown Prince of Abu Dhabi attends wedding of Theyab bin Khalifa bin Sultan Al Nahyan
ABU DHABI/ AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended a wedding reception hosted by His Highness Sheikh Tahnoun bin Mohammed Al Nahyan, the Ruler’s Representative in Al Ain, for the marriage of Sheikh Theyab bin Khalifa bin Sultan Al Nahyan to the ...
Read More »Mohammed bin Rashid chairs UAE Cabinet meeting, approves Federal General Budget 2024-2026 of AED192 billion
ABU DHABI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of Presidential Court; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al ...
Read More »Abdullah bin Zayed, Antony Blinken discuss latest regional developments
ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and US Secretary of State Antony J. Blinken discussed, during a telephone conversation, the latest developments in the region, and the ongoing escalation between Israelis and Palestinians. During the call, H.H. Sheikh Abdullah stressed the importance of exercising the utmost restraint, noting that Gaza’s escalation forebodes dire ...
Read More »UAE President and French President discuss bilateral ties and regional developments
ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan spoke by telephone on Sunday to French President Emmanuel Macron to discuss bilateral relations and opportunities for further collaboration to advance the development ambitions of both countries. The two leaders also discussed the latest regional developments and stated their shared belief in the importance of dialogue and communication to bring ...
Read More »UAE President holds phone calls with heads of state of Jordan, Egypt, Syria, Israel, and Canada to discuss regional developments
ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today spoke by telephone to a number of leaders and heads of state to discuss the latest regional developments. In separate phone calls, His Highness spoke to His Majesty King Abdullah II bin Al Hussein of the Hashemite Kingdom of Jordan; Abdel Fattah El Sisi, President of the Arab Republic ...
Read More »Hotel establishments generated revenues of AED 26 billion in the first seven months: Bin Touq
ABU DHABI/WAM In the first seven months of the year, hotel establishments in the UAE generated revenues of AED 26 billion, witnessing a growth of up to 24 percent compared to the corresponding period last year, revealed Abdullah bin Touq Al Marri, Minister of Economy and Head of the Emirates Tourism Council, during a meeting of the council. Bin Touq ...
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