ABU DHABI/WAM The assets of Islamic banks operating in the UAE exceeded AED700 billion for the first time in history at the end of 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE). The statistics showed that the assets of Islamic banks reached AED703.1 billion at the end of last December, an annual increase of …

ABU DHABI/ WAM Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, today announced that it has signed a definitive agreement to acquire a 50 percent stake in Terra-Gen Power Holdings II, LLC (Terra-Gen), one of the largest independent renewable energy power producers in the United States, from Energy Capital Partners (ECP). ECP, a leading investor across energy …

MUKALLA / WAM The Emirates Red Crescent (ERC) on Tuesday launched the ‘Al Khair Medical Week’ Camp at the Al Mahwar Medical Centre in Rabwat Khalaf in the city of Mukalla, Hadramaut Governorate, Yemen. The camp will continue to provide services until March 25, with the participation of a group of doctors and specialists under the patronage of Mabkhout Mubarak …