ABU DHABI / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced on Wednesday that it has entered into a definitive agreement to acquire Amoun Pharmaceutical Company SAE (Amoun), one of Egypt’s leading manufacturers, distributors and exporters of branded pharmaceutical and animal health products, ...

NEOM / WAM Saudi Arabia will grant oil derivatives worth $422 million to Yemen, reported the Saudi Press Agency (SPA). Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence, disclosed to Yemeni President Abdu Abd Rabbu Mansour Hadi — in a telephone call — of the plan that will help operate power stations in ...

ABU DHABI / WAM The UAE lauded the efforts of Egypt to address the incident that occurred in the Suez Canal when a container ship was stranded and blocked the canal. Egypt’s efforts succeeded in freeing the container ship and resuming traffic along the canal with efficiency and professionalism and within a reasonably short time. The UAE highlighted its confidence ...

Dubai / WAM The first quarter of 2021 saw consumer confidence in Dubai rising to its highest level since the second quarter of 2015, according to the Consumer Confidence Index released by Dubai Economy. The index recorded 145 points in Q1 2021, compared to 139 points during the same period of the previous year, and 142 points in Q4 2020. ...

ABU DHABI / WAM The UAE lauded the efforts of Egypt to address the incident that occurred in the Suez Canal when a container ship was stranded and blocked the canal. Egypt’s efforts succeeded in freeing the container ship and resuming traffic along the canal with efficiency and professionalism and within a reasonably short time. The UAE highlighted its confidence ...

DUBAI / WAM The National Programme for Artificial Intelligence announced that Dubai Municipality and the Roads and Transport Authority (RTA) joined AI software platform “AI Code Hub”. The initiative aims to promote exchange of knowledge and technological expertise and avail open-source software to all programmers, developers and experts working in the field of programming and AI, and enhance efficiency of ...

Abu Dhabi / Emirates Business The Future Forum for the Arab Investment (FF2020AI) granted Emirati businessman, Khalifa Saif Al Muhairbi, Chairman of Arabian Gulf Investment Company, its annual prize, announcing him the 2021 Arab Real Estate man in appreciation of his strenuous efforts in supporting the development of the real estate domain in Abu Dhabi and the UAE in general ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 244,422 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has on Wednesday signed a 35-year Water Purchase Agreement (WPA) and the Shareholder Agreement (SHA) for the Hassyan Sea Water Reverse Osmosis (SWRO) Plant, with Emirati company Utico. The 120 Million Imperial Gallons per Day (MIGD) project will be built using the Independent Water Producer (IWP) model. It is expected to ...

Dubai / WAM The Dubai Airport Freezone Authority (Dafza) officially launched a one-of-a-kind innovative start-up program called Scality, which is set to attract local, regional and global tech start-ups and enable them to establish and grow their businesses in the region. Scality offers start-ups the opportunity to set up and operate their businesses with flexibility and convenience through a commercially ...