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Emirates Red Crescent delivers Eid clothing to Syrian orphans

LATAKIA / WAM The Emirates Red Crescent (ERC) team in Latakia Governorate are distributing Eid clothes sets among  60 orphans in the governorate who’ve lost their parents in the February 6 earthquake as part of  the“Operation Gallant Knight/2”, initiated by the Ministry of Defence’s Joint Operations Command. Mohamed Khamis Al-Kaabi, the head of the ERC team, said the UAE humanitarian ...

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Flavourful dishes curated from European rice for Ramadan

DUBAI / GULF TIME Rice has been much more than just a food source for thousands of years, with a rich history that spans back to 2500 BC. Across the Muslim world, rice has been a symbol of tradition and heritage, giving rise to a stunning array of diverse and delicious dishes, from the fragrant Nasi Goreng to the savoury ...

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President of UAE, Sultan of Oman exchange Eid al-Fitr greetings

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Majesty Sultan Haitham bin Tariq of Oman have exchanged greetings and best wishes on the occasion of the approaching Eid al-Fitr. This came in a phone call on Tuesday, during which the two leaders prayed to God to bestow health, happiness, stability and prosperity ...

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UAB reports AED54.8m net profit in Q1 2023

SHARJAH / WAM United Arab Bank (UAB) has reported its financial results for the first quarter ending on March 31, with a net profit of AED 54.8 million, up 80 percent from AED 30.4 million in Q1 2022. The increase in net profit is attributed to improved Net interest income and lower provision charges. The bank’s total operating income grew ...

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Europe adopts key laws to reach 2030 climate target

BRUSSELS / WAM The European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package” — the EU’s plan to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels in line with European Climate Law. The ...

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UAE unveils global competition for ‘sustainability-focussed firms’

ABU DHABI / WAM In line with UAE Net Zero 2050 and the UAE’s direction towards sustainable economic development and industrial decarbonisation, the Ministry of the Industry and Advanced Technology (MoIAT) is hosting high potential technology start-ups with a focus on sustainability and decarbonisation to participate in a start-up competition launched ahead of COP28. The ministry created the Make it ...

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UAE President receives Jordanian King

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received His Majesty King Abdullah II bin Al Hussein of Jordan, who is visiting the UAE accompanied by His Royal Highness Prince Hussein bin Abdullah II, the Crown Prince of Jordan. His Highness Sheikh Mohamed welcomed the Jordanian King and the Crown Prince at Al ...

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Taqa’s $1.5b dual tranche 5-year, 10-year bond offering complete

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) announced on Tuesday the successful placement of an aggregate of $1.5 billion in 5-year and 10-year dual-tranche senior unsecured notes. The 10-year notes, sized at $1 billion and maturing on April 24, 2033, were issued at a coupon rate of 4.696%. These notes represent Taqa’s first green bond issuance and ...

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UAE leaders wish Zimbabwe president on Independence Day

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Emmerson Mnangagwa of Zimbabwe, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

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