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ADQ’s AgTech Park, Italy-based company begin operation of vertical farming project

ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, announced the operational phase of its cutting-edge AgTech Park ecosystem with the launch of a vertical farming project in partnership with Zero, a high-impact technology company headquartered in Italy. The Zero project is the first of several controlled environment agricultural concepts that will be housed in the AgTech ...

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Sheikh Khaled reviews achievements of Abu Dhabi Youth Council’s 5th cycle

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, met with members of the Abu Dhabi Youth Council’s 5th cycle (2021-2023). His Highness was accompanied by Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council. During the meeting, HH Sheikh Khaled reviewed ...

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Adnic shareholders approve cash dividends of 40 percent

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) has approved the distribution of 40% cash dividends (AED0.40 per share, implying total cash dividends of AED228 million) for the financial year ended on December 31, 2022, after concluding its Annual General Meeting (AGM) on Wednesday. Shareholders discussed and approved all items on the agenda for the AGM, including Adnic’s ...

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Al Naboodah joins Dubuy.com to enter new logistics markets

DUBAI / WAM Dubuy.com has welcomed the UAE’s Al Naboodah group onto its wholesale e-commerce platform to help accelerate its growth, by providing instant access to new markets via its online business-to-business marketplace. Al Naboodah group will partner with DP World’s innovative and trusted platform Dubuy.com to sell its diverse portfolio of brands. By providing end-to-end supply chain solutions, Dubuy.com ...

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Malabar Gold & Diamonds opens international hub in Dubai Gold Souk

DUBAI / GULF TIME HE Abdullah Bin Touq Al Marri, UAE Minister of Economy, witnessed the opening of the new Malabar Gold & Diamonds international hub in Dubai Gold Souk. MP Ahammed, Chairman of Malabar Group; and other directors, distinguished guests, officials, well-wishers, and management team members of Malabar Gold & Diamonds were present on the occasion. The group is ...

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Sharaf Group signs strategic MoU with Tanishq

DUBAI / GULF TIME Tanishq signs a memorandum of understanding (MoU) with Sharaf Group UAE on Wednesday. Through this strategic alliance, Tanishq aims to extend its highly focused value offering in gold and diamond jewellery and utilise Sharaf Group’s retail expertise to drive their already robust growth story in the GCC. The two entities will kickstart this collaboration with the ...

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Fatima bint Hazza honoured with Arab Woman Award

LONDON / WAM The Arab London Foundation awarded Sheikha Fatima bint Hazza bin Zayed Al Nahyan, Chairwoman of the Board of Directors of the Fatima bint Mubarak Ladies Sports Academy and the Fatima bint Hazza Cultural Foundation, the Arab Woman Award 2023, in recognition of her outstanding achievements and efforts in empowering women in various fields, especially cultural and sports. ...

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Enec, Nuclearelectrica sign pact on nuclear energy development

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) and Nuclearelectrica have announced the signing of a memorandum of understanding (MoU) for bilateral cooperation within the nuclear energy sector to support the growth of this critical energy source in tackling the dual challenges of energy security and climate change. The objective of the MoU is to provide both parties ...

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Dana Gas announces 4.5 fils cash dividend for H2 2022

SHARJAH / WAM The Board of Directors of Dana Gas on Tuesday announced that it has recommended an incremental dividend payment of 4.5 fils per share for H2 2022. A payout of 4.5 fils per share for the second half of 2022 would take the total dividend payment for 2022 to AED630 million or 9 fils per share, a 12.5 ...

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