DUBAI / WAM Within the Government Experience Exchange Program, the governments of the UAE and the Republic of Malta discussed the means to promote bilateral cooperation in the fields of knowledge exchange and sharing successful government experiences. The two sides held a series of meetings to activate the bilateral cooperation tackling the fields of research and innovation, which was launched ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) has reported its financial results for the three-month period ending on March 31. The company reported an increased profit of 17.2% to AED99.7 million, compared to AED85.0 million for the same period in 2022. Adnic’s total insurance revenue stood at AED1.0 billion, compared to AED1.1 billion for the same period ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the 12th Annual Investment Meeting (AIM Global 2023), being held in the emirate for the first time at the Abu Dhabi National Exhibition Centre (Adnec). During the visit to the event, which ...

ABU DHABI / WAM Adnoc and Baker Hughes announced on Wednesday an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen, as well as graphene. The agreement, which follows a strategic technology collaboration agreement signed between the two companies in November 2022, will see Adnoc collaborate with Baker Hughes as a strategic partner to ...

ABU DHABI / WAM Dr Khaled Hanafi, Secretary-General of the Union of Arab Chambers, said the UAE had become a centre for foreign investments, leading Arab, regional and global rankings in attracting investments. In a statement to the Emirates News Agency (WAM) on the sidelines of the Annual Investment Meeting (AIM) 2023, Hanafi stressed that business owners in the Arab ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No (30) of 2023 appointing Hadi Mohammed Taher Mohammed Badri as the Executive Director of the Dubai Economic Development Corporation. His Highness also issued Executive Council Resolution No (31) of 2023 appointing ...

ABU DHABI / WAM Adnoc has announced its intention to float a 15% minority stake in Adnoc Logistics & Services (Adnoc L&S), its mission-critical global energy maritime and integrated logistics leader, on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, subject to regulatory approvals and other relevant considerations. Adnoc L&S is a vital ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Wednesday announced the international debut of “A Call From Space,” a live call series hosted by Sultan AlNeyadi. From the International Space Station (ISS), in the State of Mauritius, in line with the recently signed memorandum of understanding (MoU) with Mauritius, aimed at supporting the space sector of the ...

DUBAI / WAM Emirates NBD has announced that four of its branches in the UAE and KSA have achieved LEED Platinum and LEED Gold certifications. The Emirates NBD Mall of the Emirates (MOE) branch in Dubai is now the first LEED Platinum ID+C V4 bank in the Mena region and the first Arab bank branch globally to obtain this certificate, ...

BLOOMBERG As the US and EU throw billions at building out the industry needed for the transition to a low-carbon economy, Norway is spooking investors by slapping taxes on wind farms. Norway’s Labour-Centre government is boosting taxes as the cost of pensions, health services and care for the elderly outpace mainland revenues. Salmon farmers, wind turbine owners and hydropower producers ...