ABU DHABI / WAM Ethmar International Holding (EIH) has recorded significant profits in the first half of 2023 to bolster its position as a leading holding company, reporting an increase in net profit, reaching AED445 million at the end of the first half of the year 2023, compared to approximately AED24 million during the same period last year, an increase ...

AL DHAFRA / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, has received the top-achieving high school students from Al Dhafra Region for the 2022-2023 academic year. Sheikh Hamdan congratulated the students and their families for their achievements, emphasising the leadership’s focus on education and keenness to empower students to fulfil their potential and ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, directed the heads of municipalities in the emirate of Sharjah to carry out daily field tours, before starting their works, to find out the needs of the public in all fields. The Sharjah Ruler also directed AED19 million to fund the renewal ...

BLOOMBERG The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low. European shares extended the rally, which saw the Stoxx 600 Index surge 1.5%. Swatch Group AG, the maker of Omega and Longines watches, jumped more than 6% as China’s reopening fueled a rise in profits. Watches of Switzerland Group ...

BLOOMBERG China’s tech stocks gained for a fourth day in Hong Kong as growing signs that the government’s long crackdown on the sector is finally over bolstered investor confidence. The latest leg of the rally came after Chinese Premier Li Qiang met with senior executives from country’s leading tech firms and urged local governments to provide more support to the ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from António Guterres, Secretary-General of the United Nations. Guterres expressed his appreciation for the UAE’s active contribution to progress in key regional and global areas. His Highness and the UN Secretary-General underscored the importance of the Black Sea Grain Initiative and reviewed ongoing ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Carlos Manuel Vila Nova of the Democratic Republic of Sao Tome and Principe, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

ABU DHABI / WAM Ali Al Hashemi, CEO of Yahsat Group, has announced that the company expects to allocate over $100 million this year for capital expenditures as part of the “T4-NGS” satellite programme. The programme, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025 with a total cost of up to $550 million, ...

VANCOUVER / CANADA / WAM A delegation from the UAE is participating with observer status in the plenary of the Asia/Pacific Group (APG) on Money Laundering, a Financial Action Task Force-Style regional body (FSRB), taking place this week in Vancouver, Canada. The UAE is the first Arab country to be granted observer status at the APG. Ahmed Ali Al Sayegh, ...

TAN TAN / WAM Various Moroccan media outlets lauded the UAE’s participation in the Tan Tan Moussem 2023. The festival is part of the United Nations Educational, Scientific and Cultural Organisation (Unesco) World Cultural and Heritage Forum held in the Tan Tan region of Morocco. The Moroccan media confirmed that the UAE pavilion, which showcases Emirati culture and heritage, was ...