Abu Dhabi / WAM The UAE, represented by the Ministry of Finance (MoF) as the Issuer, in collaboration with the central bank of the UAE (CBUAE) as the issuing and paying agent, announced the launch of conventional AED denominated Treasury bonds of the government of the UAE (T-Bonds), with benchmark auction size of AED1.5 billion (circa $400 million). Subject ...

  Abu Dhabi / WAM The Muslim Council of Elders, under the Chairmanship of the Grand Imam of Al-Azhar His Eminence Dr. Ahmed Al-Tayeb, strongly condemned the burning of the Holy Qur’an by far-right extremists in the Swedish city of Malm?, in what can only be described as a deliberate attempt to offend Muslims around the world. In a statement, ...

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with Kenji Ota, General Manager, Mitsubishi Corporation Headquarters for the Middle East and Chairman of the Japanese Business Council (JBC) in Dubai; and a number of Council members. The meeting touched on ways to enhance business partnerships between Japanese companies ...

Bloomberg Solar could generate half of the world’s electricity by 2050 and become the cheapest source of energy, Gao Jifan, the chief executive officer of Trina Solar Co., said at the Boao Forum for Asia. Global solar power capacity has the potential to grow to 14,000 gigawatts by the middle of the century from 800 gigawatts at the end of ...

  Ras Al Khaimah / WAM Gulf Pharmaceutical Industries (Julphar) has announced its Strategy 2030 to drive transformation through sustainable growth and deliver enhanced value for all stakeholders. Strategy 2030 is set to triple Julphar’s revenues via six central growth pillars – “Maximising Revenue from Current Product Portfolio,” “New Product Launches,” “Geographical Expansions,” “Strategic Business Initiatives,” “Advanced Specialty Products Initiative”, ...

  SHARJAH / WAM The low-cost carrier Air Arabia has announced the resumption of its direct flights between Sharjah and four cities in the Kingdom of Saudi Arabia; Taif, Al Jouf, Gassim, and Hail, starting April 28. Passengers will enjoy flying directly from Sharjah International Airport to these cities, where the frequencies will increase during summer. Customers can now book ...

  Ras Al Khaimah / WAM Gulf Pharmaceutical Industries (Julphar) has announced its Strategy 2030 to drive transformation through sustainable growth and deliver enhanced value for all stakeholders. Strategy 2030 is set to triple Julphar’s revenues via six central growth pillars – “Maximising Revenue from Current Product Portfolio,” “New Product Launches,” “Geographical Expansions,” “Strategic Business Initiatives,” “Advanced Specialty Products Initiative”, ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has added a Self-Assessment tool for residential customers to easily understand their consumption patterns, as part of Dewa’s Smart Living initiative. The Self-Assessment tool includes a survey on electricity and water consumption for customers to assess their consumption and learn about different ways for conservation. After completing the assessment, customers ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD) revealed that the first quarter of 2022 witnesses a remarkable growth in the number of issued and renewed licenses. Therefore, the total number of licenses reached 17,059 ones, with a growth rate of 7% over the same period in 2021, by an increase of 1,139 licenses, whereby the issued licenses hit 1979 ...

  ALGIERS / WAM Emirates, the largest airline in the UAE, will double its flights between Algiers and Dubai from two to four flights weekly, starting May 1, in response to growing passenger demand for air travel. The service between Algiers and Dubai will no longer be linked with Tunis, offering more flexibility and convenience to travel to Dubai and ...