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Abu Dhabi ranks 5th globally in 2025 IMD Smart City Index

ABU DHABI/WAM Abu Dhabi’s abundant green spaces, free public Wi-Fi, excellent public transportation and effective traffic management propelled it from tenth to fifth place in the 2025 IMD Smart City Index, surpassing several major world capitals. Mohamed Ali Al Shorafa, Chairman of DMT, said, “Over the past five years, Abu Dhabi has steadily climbed the world’s smart city rankings, moving ...

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Adib’s Q1 net profit before tax up by 18% y-o-y to AED 1.9 billion

ABU DHABI/WAM Abu Dhabi Islamic Bank reported a Q1 2025 net profit before tax of AED 1.9 billion, rising 18% year-on-year, reflecting a strong balance sheet growth, coupled with increased business momentum and a sustained customer growth. Q1 2025 net profit before tax increased 18% compared to Q4 2024, reflecting significant growth and reinforcing the positive trajectory we have built ...

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Islamic Treasury Sukuk Auction for April 2025 attracts bids worth AED 6.12 billion

ABU DHABI/WAM The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, successfully completed the auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as ...

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Adnoc Distribution, noon partner to redefine quick commerce in UAE

ABU DHABI/WAM ADNOC Distribution, the UAE’s largest fuel and convenience retailer, on Wednesday announced that it is entering into a strategic partnership with noon, the Middle East’s leading digital ecosystem, through a memorandum of understanding (MoU). As part of this initiative, ADNOC Distribution and noon will explore opportunities to enhance last-mile delivery through AI-powered logistics collaboration. The collaboration was formalised ...

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President of Nepal receives Abdullah bin Zayed Pic Caption

KATHMANDU/WAM Ram Chandra Paudel, President of Nepal, received HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, at the beginning of the UAE top diplomat’s working visit to Kathmandu. At the start of the meeting, HH Sheikh Abdullah conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to President Ram ...

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UAE, Mexican Presidents discuss strengthening bilateral relations in phone call

ABU DHABI/AD MEDIA OFFICE UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Wednesday with Her Excellency Claudia Sheinbaum, President of the United Mexican States, during which they discussed bilateral relations and explored ways to strengthen ties in line with the shared development priorities of both countries, particularly across trade, technology, renewable energy, and ...

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DHA becomes 1st government entity in Middle East to leverage AI-powered ‘Genesys’ system

DUBAI/WAM As part of its participation in Dubai AI Week, the Dubai Health Authority (DHA) has announced the implementation of the advanced Genesys AI-powered speech and text analytics system at its contact centre. With this step, DHA becomes the first government entity in the Middle East and the UAE to adopt this cutting-edge technology, reinforcing Dubai’s commitment to integrating advanced ...

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Sharjah records AED13.2b in real estate deals in Q1, up 31.9%

SHARJAH/WAM The value of real estate transactions in the Emirate of Sharjah reached AED13.2 billion during the first quarter of 2025, marking a 31.9 percent increase compared to AED10 billion during the same period in 2024. The number of executed transactions rose by 4.8 percent to 24,597, up from 23,478. The growth reflects increasing investor confidence in Sharjah’s stable and ...

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