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Future of Maldives and its people depends on COP28’s success: Maldives FM

ABU DHABI / WAM The future of the Maldives and its people depends on the success of COP28, the UN Climate Conference to be held in Dubai in November, the country’s top diplomat told the Emirates News Agency (WAM). Abdulla Shahid, Minister of Foreign Affairs of the Maldives, stressed that “For countries such as the Maldives, climate change is an ...

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India first to land near moon south pole

BLOOMBERG India became the first country to land a spacecraft near the moon’s south pole after Russia’s attempt at a lunar touch down in the same area ended in failure following an engine malfunction. Chandrayaan-3 — India’s spacecraft that launched last month — achieved a soft landing at 6:04 pm local time on August 23, after Russia’s Luna-25 crashed into ...

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UAE President issues law on Abu Dhabi’s punitive, correctional establishments

ABU DHABI / WAM In his capacity as the Ruler of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued a law regarding punitive and correctional establishments in Abu Dhabi. The law shall transfer the responsibility of managing punitive and correctional establishments, as well as juvenile facilities in Abu Dhabi, from Abu Dhabi ...

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HKSTP’s chief reveals new plans to expand operations in UAE, ME

HONG KONG / WAM Albert Wong, CEO of Hong Kong Science and Technology Parks Corporation (HKSTP), has revealed the corporation’s plans to expand its operations and attract more companies from the UAE and the Middle East to explore business opportunities in Hong Kong. Hong Kong is building a green tech and green finance hub, with HKSTP set to host a ...

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‘COP28 affirms Arab role in tackling climate change’

CAIRO / WAM Jamal Jaballah, Former Plenipotentiary Minister of the Arab League and Former Coordinator of the Arab Negotiating Group on Climate Change, said the UAE’s hosting of COP28 is a source of honour for every Arab, as it is one of the world’s largest gatherings. In his statement to the Emirates News Agency (WAM), Jaballah lauded the UAE’s pivotal ...

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82% of employees in UAE open to firms investing in their end of service benefits

DUBAI / WAM National Bonds, the savings and investment company, said that 82 percent of employees in the UAE are open to employers investing in their end-of-service benefits. This insight strongly aligns with National Bonds’ strategic objective of introducing new saving solutions that cater to different segments of the population. In line with the growing demand for such solutions, and ...

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Wetex, DSS promotes circular economy adoption in UAE

DUBAI / WAM The Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) is a platform that sheds light on the sustainable circular economy in the UAE. It encourages global partnerships and investments to support innovation and adopt sustainable solutions and technologies in this field. This contributes to reducing risks, greenhouse gas emissions and costs. It also ...

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Emirates flies over 14 million passengers this summer

DUBAI / WAM Emirates, the world’s largest international airline, marks one of its busiest summers ever, carrying over 14 million passengers with average seat load factors exceeding 80 percent across its global network between June and August. Looking at the coming months, Emirates’ booking trends show unabated demand for international travel across its network. Destination Dubai remained popular amongst travellers, ...

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Third Islamic Treasury Sukuk auction achieves exceptional results

ABU DHABI / WAM The UAE, represented by the Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third dirham-denominated Islamic Treasury Sukuk auction (T-sukuks), which is part of the T-sukuks issuance program for 2023. The third auction of the ...

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