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AD Ports Group launches new rail logistics offering

ABU DHABI/WAM Noatum Logistics, an AD Ports Group company and a leading logistics provider, has announced the launch of its new rail logistics solution for the Middle East region. The new service, which complements Noatum Logistics’ integrated regional portfolio of freight forwarding products leveraging land, sea, and air transport, was inaugurated with the launch of its first rail shuttle service ...

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National banks invest AED4.4bn in local stock markets in 12 months: CBUAE

ABU DHABI/WAM National banks boosted their investments in local stock markets by AED4.4 billion over 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). According to Central Bank statistics, national banks raised their equity investments to AED16.1 billion at the end of May, a year-on-year (YoY) increase of 37.6 percent compared to AED11.7 billion ...

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DMCC, Bybit launch $100,000 Web3 hackathon

DUBAI/WAM The Dubai Multi Commodities Centre (DMCC) and the global crypto exchange Bybit have launched their second joint hackathon with US$100,000 on offer for the most innovative Web3 businesses. This latest hackathon follows the success of their first edition in November 2023, which focused on innovations across Web3, including artificial intelligence (AI), gaming, and information security. Applications for the second edition ...

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GDMO hosts ‘Meet the CEO’ session featuring KHDA Director-General

DUBAI/WAM Dubai’s Knowledge and Human Development Authority (KHDA) is committed to ensuring that schools and educational institutions deliver the highest quality of education, aligning with the leadership’s vision for Dubai to become a global leader in education and learning, according to Aisha Miran, Director-General of KHDA. In conversation with editors-in-chief of UAE media outlets, Aisha Miran emphasised the Authority’s dedication ...

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Mansour bin Zayed receives Member of Politburo of Chinese Communist Party

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, today received Chen Miner, Member of the Politburo of the Chinese Communist Party and Communist Party Secretary of Tianjin, at Qasr Al Watan in Abu Dhabi. At the beginning of the meeting, Chen conveyed the greetings of Xi Jinping, ...

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Ruler of Ras Al Khaimah meets emirate’s top scholarship students, Graduates

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, welcomed this year’s cohort of 67 outstanding students and graduates from the Scholarship Office, managed by the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research on behalf of the Ras Al Khaimah Government. During the reception at Al Diyafa ...

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Borouge shareholders approve $650 million interim dividend following H1 earnings growth

ABU DHABIWAM Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, confirmed shareholder approval by its General Assembly Meeting (GAM) on 30th August of its half-year 2024 interim cash dividend of $650 million, or 7.94 fils per share, representing an annualised dividend yield of 6.3%. At the meeting, the company also reaffirmed its intention to pay ...

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TRENDS participates in research forum in China

ABU DHABI/WAM TRENDS Research & Advisory has participated in the first UAE-China Think Tanks Forum in Beijing, organised by the UAE Embassy in China. The Centre expressed its appreciation for this initiative, which reflects the growing recognition of think tanks in today’s world and highlights the deep historical, cultural, and economic ties between the UAE and China. During his speech ...

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UAE leaders congratulate President of Vietnam on National Day

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

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