Recent Posts

ADFD financed healthcare projects worth AED4.1bn

ABU DHABI / WAM Since 1971 until December 2018, the Abu Dhabi Fund for Development (ADFD), has financed 78 healthcare projects in 16 countries with a total value of AED4.1 billion. The Fund’s interest in healthcare projects reflects its keenness to support international efforts aimed at achieving the UN’s Sustainable Development Goals, directly contributing to Goal Three – Good Health ...

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DGCX’s Spot Gold gets Shari’ah certification

DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX), received a new Shari’ah certification for its Shari’ah Compliant Spot Gold contract (DGSG). The Shari’ah Pronouncement (Fatwa), was issued by Minhaj Advisory, a leading Dubai-based Islamic advisory firm, and determined that DGSG meets all the necessary Shari’ah requirements in line with Islamic rules and principles. The DGCX, with the support ...

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AED97 million project to reduce traffic congestion on Sheikh Zayed Road

ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, has started construction work of Sheikh Zayed bin Sultan Road (Eastern Mangroves Road) traffic improvements project for an estimated cost of AED97 million. In this regard, all basic works and preparations for this purpose have been completed, indicating that the company is currently engaged in transferring intervening utility lines and ...

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