WASHINGTON / WAM The International Monetary Fund (IMF) has forecast that the global economic growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024. The forecast for 2023 is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook (WEO) but below ...

  Abu Dhabi / WAM AD Ports Logistics (ADPL), provider of integrated end-to-end business solutions and a subsidiary of AD Ports group’s Logistics Cluster, has announced the addition of a new distribution business line that will see the company secure exclusive distribution rights for a range of healthcare products. The new business line targets the GCC’s fast-growing healthcare and life ...

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, President-Designate for COP28, and Chairman of Masdar, conferred with Bruno Le Maire, France’s Minister of the Economy, Finance, and Industrial and Digital Sovereignty, as part of the French minister’s visit to the UAE. In light of the COP28 climate change conference, the UAE ...

  Sharjah / WAM Arada announced the completion of the first homes in East Village, the third residential phase in its AED24 billion Sharjah megaproject Aljada. In total, 1,621 apartments have been finished across 14 buildings. Featuring 2,000 units in total, East Village is targeted at the younger generation and consists of 16 apartment blocks that are characterised by fresh ...

  Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB) on Tuesday reported its financial results for fiscal year (FY) 2022, with AED6.434 billion in net profits, an increase of 23 percent compared to FY 2021. The bank’s net interest income was to the tune of AED10.194 billion, an increase of 15 percent compared to FY 2021, while non-interest income ...

Dubai / WAM Emirates NBD Securities, a leading brokerage firm in the UAE, has partnered with Abu Dhabi Securities Exchange (ADX) to provide traders with instant access to the exchange’s listed companies, enabling it to offer instant trading account opening and digital onboarding to another UAE stock exchange. The partnership will allow more than one million Emirates NBD customers to ...

Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture), in cooperation with the Consulate General of Japan in Dubai, organises a photo exhibition “Dubai in the Year 1962”. This photo exhibition will be held at Al Safa Art and Design Library until March 17, to celebrate the 50th anniversary of the establishment of diplomatic relations between the UAE and ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, launched the Abu Dhabi Life Science Hub in the Metaverse during Arab Health 2023, strengthening the emirate’s positioning as a life science hub The experience aims to recreate the emirate’s life science ecosystem in the metaverse through connecting ...

  Sharjah / WAM The Sharjah Art Foundation will host the 15th edition of the Sharjah Biennial from February 7 to June 11. The event will feature over 150 artists and collectives from 70+ countries and showcase over 300 artworks, including 70 new works. The biennial, curated by Hoor Al Qasimi, will take place across 19 venues in 5 cities ...

  Sharjah / WAM Arada has announced the completion of the first homes in East Village, the third residential phase in its AED24 billion Sharjah megaproject Aljada. In total, 1,621 apartments have been finished across 14 buildings. Featuring 2,000 units in total, East Village is targeted at the younger generation and consists of 16 apartment blocks that are characterised by ...