ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Their Highnesses the Supreme Council Members, Rulers of the Emirates at Qasr Al Watan Palace and exchanged with them the Ramadan greetings on Monday. They prayed to Allah Almighty to perpetuate the blessings of security and stability, and to revisit the fasting month with more …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, were briefed on the latest preparations for hosting COP28, in the presence of members of the Higher Committee overseeing the planning. HH Sheikh Mohamed bin Zayed said: “Since its …

CAIRO / WAM The UAE participated in the signing ceremony of the Regional Framework Programme for the Arab Countries (2023-2028), and the launch of the Arab Plan for Prevention and Reduction of Drug Dangers to Arab Society, which was held at the headquarters of the General Secretariat of the League of Arab States. Mariam Al Kaabi, UAE ambassador to the …

ABU DHABI / WAM In the presence of HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Abu Dhabi Sports Council and International Masters Games Association have signed an agreement to bring the world’s largest mass participation sporting event, the IMGA Masters Games, to Abu Dhabi. To be held in the Middle East …

ABU DHABI / WAM Adnoc announced on Monday that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia. The announcement was made following the signing of a memorandum of understanding (MoU) between the government of North Rhine-Westphalia, Adnoc, and …

DUBAI / WAM Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO at AED1.03 per share, at the top of the previously announced price range. The announcement follows the completion of the book building and subscription process for its initial public offering (IPO). Al Ansari raised, through the initial public offering, AED773 …

ABU DHABI / WAM After most of the multi-billion dollar airport construction projects were put on the back burner or temporarily curtailed over the past three years, operators and investors have been racing down the tarmac as the Middle East and Asia-Pacific regions are expected to account for 58% of the global air passenger demand in 2040. The Capa – …

ABU DHABI / WAM Edge Group has announced the acquisition of UAE-based Trust International Group, a defence trading specialist and major supplier of premium solutions to the UAE Armed Forces and security establishments. Trust will join Edge within its Trading and Mission Support cluster, complementing the Group’s existing multi-domain capabilities. Founded in 2004, Trust acts as a supplier and military …

BLOOMBERG A Brookfield Asset Management Inc-led consortium agreed terms on a A$18.7 billion ($10.2 billion) deal, including debt, to acquire Australian utility Origin Energy Ltd after months of delays. The consortium, which includes EIG Global Energy Partners, increased the value of its proposal following further talks in recent weeks and the pact will value Origin’s shares at A$8.912 each, the …

BLOOMBERG France’s oil-processing industry is running at a fraction of normal capacity as worker strikes enter their fourth week. Four of the nation’s six refineries are barely operating after Exxon Mobil Corp started taking the larger of its two French facilities out of service at the weekend because it can’t get crude into the site. The country’s labour action is …