BAKU/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday welcomed His Eminence Dr Ahmed El-Tayeb, the Grand Imam of Al-Azhar. The meeting, which took place in Baku, Azerbaijan, during His Highness’ working visit to the country to participate in the COP29 climate conference, discussed the relationship between the UAE and Al-Azhar and explored collaboration efforts to ...

DUBAI/WAM The UAE ranks third globally in the diamond trade after India and the United States, with a share of more than 15% of total international trade in this sector. Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, in statements to the Emirates News Agency (WAM) on the sidelines of the sixth edition of ...

ABU DHABI/WAM Adnoc Gas announced on Monday it expects to acquire Adnoc’s 60% stake in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at cost. Adnoc Gas expects Adnoc to transfer its 60% share of the Ruwais LNG Project to the company at cost – estimated to be around $5 billion – in the second ...

BAKU/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived on Monday at Heydar Aliyev International Airport in Baku on a working visit to the Republic of Azerbaijan, during which he will participate in the COP29 climate conference. The conference is being hosted in the Azerbaijan capital from November 11 to 22 under the slogan ‘In Solidarity for ...

SHARJAH/WAM Al Qasimia University has signed a memorandum of understanding (MoU) with Kazakhstan’s Al-Farabi National University, aimed at strengthening academic ties and expanding collaborative research across various disciplines. This partnership is intended to promote the exchange of expertise, joint studies, and research initiatives between the two institutions. The MoU was signed at Al-Farabi National University’s campus in Almaty, Astana, with ...

DUBAI/WAM Dubai International Financial Centre (DIFC) on Monday announced the full redemption and on-schedule repayment of a $700mn Sukuk. This marks a significant milestone in implementing its sustainable financing strategy and commitment to responsible financial management. The repayment of the Sukuk reflects DIFC’s financial strength and the result of robust financial policies that enhance the efficiency of the centre’s debt ...

BAKU/WAM Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, on Monday delivered his handover address as COP28 President on the first day of COP29 in Azerbaijan, concluding a landmark term defined by breakthrough progress across the climate agenda. During the speech, he called on all parties to “prove once again that we can unite, act and deliver” over ...

RIYADH/WAM On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, led the UAE delegation at the Extraordinary Arab and Islamic Summit on developments in Gaza Strip and Lebanon. The summit was inaugurated today by His Royal Highness ...

DUBAI / WAM Dubai Chambers has signed a memorandum of understanding with the financial technology company “noqodi” to develop digital payment solutions for the services it provides to the business community. The agreement comes as part of the chambers’ efforts to support the ‘Cashless Dubai’ strategy, which aims to enable seamless and secure digital payment solutions across the public and ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) on Monday reported its first nine-month consolidated financial results for 2024, recording cumulative revenue of AED23.5 billion, EBITDA of AED11.8 billion and net profit after tax of AED5.5 billion. Saeed Mohammed Al Tayer, MD and CEO of Dewa, said, “Dewa’s 6.2% revenue growth to AED23.5 billion and 4.7% increase in EBITDA ...