ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Samia Hassan of Tanzania on the occasion of her country’s Union Day, marked annually on 26th April. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, expressing his sincere condolences and sympathy over the death of Prince Abdulrahman bin Abdullah bin Abdulrahman Al Saud. His Highness Sheikh Mohammed bin ...

ABU DHABI / WAM Xlinks First Limited has reached a critical early milestone with the successful closing of an early development funding round raising GBP30 million. The investment comes after securing GBP25 million (AED113 million) of investment from Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utility companies in the Middle East and North Africa ...

DOHA / WAM The UAE Athletics Team won the first gold medal in the 10-kilometre race at the West Asian Athletics Championship hosted by Doha, Qatar, from April 26 to 29. The gold medal was won by Shaaly Hassan Al Nuaimi, who trained extensively abroad with a foreign coach, in line with the efforts of the UAE Athletics Federation to ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has met with Dr Christian Weedbrook, Founder and CEO of Xanadu, a leading Canadian quantum computing company and a portfolio company of Forward Investments, Dewa’s investment arm in disruptive technologies. The meeting, which was held at Dewa’s head office, discussed the latest developments ...

AJMAN / WAM The value of real estate transactions in Ajman in the first quarter of 2023 totalled AED3.4 billion. Eng Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, said that the number of real estate transactions in the first quarter of 2023 amounted to 2,630, a 6.25 percent increase compared ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Wednesday announced Rashid 2, a new Emirati lunar mission that will be undertaken by the Mohammed bin Rashid Space Centre (MBRSC). His Highness Sheikh Mohammed, accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results on Wednesday for the first quarter of 2023 ending on March 31. NBF recorded year-on-year growth of 151.8 percent to close the three month period at a net profit of AED 152.0 million compared to AED 60.4 million in the corresponding period of 2022. This demonstrates the bank’s enhanced ...

RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (RAKBANK) on Wednesday reported its financial results for the first quarter of 2023 (Q1 2023) ending on March 31. RAKBANK delivered a Net Profit increase of 105 percent for Q1 2023 driven by a robust and diversified growth on both sides of the balance sheet. This was underpinned ...

BLOOMBERG UBS Group AG warned that wealthy clients are turning increasingly risk-averse, adding to challenges for Switzerland’s largest bank as it embarks on the complex task of integrating Credit Suisse Group AG. Shares of UBS fell as much as 5.4% in Zurich trading after the lender reported the weakest quarterly profit in more than three years, along with an outlook ...