ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has witnessed the signing of an agreement between Edge group, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, formalising the launch of MAESTRAL, an Abu Dhabi-based shipbuilding joint venture ...

ABU DHABI/ WAM ADNOC announced today the acquisition of an 11.7 percent stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a ...

WASHINGTON/ WAM The International Monetary Fund (IMF) expects the real gross domestic product (GDP) of the UAE to grow by 4 percent in 2024. In a statement today, following the conclusion of a team of its experts’ visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by ...

DUBAI/ GULF TIME The Forex Traders Summit Dubai, organized by Smart Vision, witnessed an overwhelming turnout in its early hours, with more than 4000 attendees flocking to the event. The summit, which brought together traders, industry experts, and enthusiasts from around the globe, commenced with a resounding success. Hosted at a prestigious venue in the heart of Dubai, the summit ...

DUBAI/ GULF TIME Exness, one of the world’s largest brokers, announces its partnership with Forex Traders Summit Dubai 2024 as the Official Sponsor. The prestigious event, taking place 19-20 May 2024 at the Dubai Festival Arena, attracts financial markets professionals, traders, IBs, partners, and trading enthusiasts for 2 days of networking and knowledge-sharing. As the main sponsor, Exness will take ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has reaffirmed its commitment to supporting Emirati beekeepers by providing high-quality queen bees of the local Emirati honey bee breed. The announcement coincides with the celebration of World Bee Day on May 20 each year. Last March, ADAFSA bred and produced 2,693 queen bees from the ninth ...

SHARJAH / WAM Sheikha Bodour Al Qasimi, Founder and Chairperson of Kalimat Foundation, and a champion of youth development, has led a book donation visit to the Thessaloniki Central Library in the Hellenic Republic to improve children’s access to literacy and reading, under the Kalimat Foundation’s ‘Pledge a Library’ initiative. The visit witnessed the attendance of Dr Ali Obaid Al ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing securities exchanges with a market capitalisation of more than $765 billion, was pleased to launch its 2024 Global Investor Roadshow and Conference, starting off with New York in collaboration with Morgan Stanley Bank, on Monday and continuing through May 21. The ADX delegation comprises CEOs, CFOs ...

GULF TIME / ABU DHABI UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan took to social media platform X, formerly Twitter, to extend his condolences on the death of Iran’s President Ebrahim Raisi. His Highness Sheikh Mohamed in his statement on X, said, “I extend my deepest condolences to the Iranian government and people over the passing of ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), continues its solid performance paving the way for another strong year as the fastest-growing financial centre in the region, with a record-breaking start during the first quarter of 2024 marked by an increase of 211 percent in Assets Under Management (AUM) compared to the first quarter of the year 2023. The ...