ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib) has been recognised with three prestigious awards at the Bonds & Sukuk Middle East Awards 2023 for its outstanding contributions to the finance sector. The three categories of the awards include the Global Sovereign Sukuk Deal of the Year, Islamic Syndication of the Year, and Real Estate Finance Deal of the ...

AL AIN / WAM The United Arab Emirates University (UAEU) on Friday launched its strategic plan of action leading up to the meeting of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change. COP28 will be hosted by the UAE in Dubai Expo City in November 2023. Present at the ceremony were Mariam ...

SHARJAH / WAM The Sharjah Academy for Astronomy, Space Sciences, and Technology (SAASST) at the University of Sharjah (UoS) has received a delegation from the Sarawak State Government authorities in Malaysia, headed by the Datu Haji Kipli bin Haji Yassin. The visit aimed to explore SAASST’s space exhibitions, research labs, observatories and the newly developed Sharjah Planetarium. During the visit, ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Grand Duke Henri of Luxembourg on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister  of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

DUBAI / WAM Dubai’s Department of Economy and Tourism (DET) signed a memorandum of understanding (MoU) with Mastercard, a global leader in payment innovation and technology, to form a Digital City Partnership to further accelerate the emirate’s economic growth in line with the goals of the Dubai Economic Agenda, D33. A global first at a city level, the strategic alliance ...

KARACHI / WAM AD Ports Group announced on Thursday the signing of a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi. Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals, a UAE-based company has ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the graduation ceremony of the 18th UAE National Service programme cohort (2022-2023), held at Sweihan Training Centre in Abu Dhabi. During the ceremony, His Highness congratulated the graduates and wished them success ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday met with Cevdet Yilmaz, Vice President of Türkiye, to discuss ways to further develop cooperation between the two countries within the framework of their Comprehensive Economic Partnership Agreement. HH received Yilmaz and accompanying delegation at Al Shati Palace in Abu Dhabi. The Turkish Vice ...

BLOOMBERG Australia’s central bank weighed the risk of upside surprises to inflation from a tight labour market and rising home prices when it decided to deliver a surprise interest-rate increase this month. The Reserve Bank’s board discussed the case to pause but concluded the “finely balanced” arguments were in favour of raising the cash rate to 4.1% — a level ...

BLOOMBERG UBS Group AG faces hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG’s dealings with Archegos Capital, as the Swiss bank inherits its former rival’s entire litigation portfolio, according to a person familiar with the matter. The US Federal Reserve’s fine over Archegos may be as high as $300 million, while the UK’s Prudential Regulation ...