NEW DELHI/WAM India’s foreign exchange reserves increased by $4.546 billion, reaching $674.664 billion, just below their all-time high, during the week ending August 16, according to data released by the Reserve Bank of India (RBI) on Friday. Asian News International (ANI) reported that the previous record high was US$674.919 billion. The reserves have been fluctuating for some time. In 2024 ...

DUBAI/GULF TIME OC Home, a youthful, homegrown brand known for its blend of affordable and modern home décor, announces the grand opening of its 5th store in Dubai, located in the bustling City Centre Mirdif. To celebrate the event, customers are offered an irresistible 40% off on everything in-store until September 1st, 2024. This latest addition marks a significant milestone ...

ABU DHABI/WAM The Ministry of Finance (MoF) has launched a package of innovative initiatives as part of its commitment to the Zero Government Bureaucracy Programme, including the Zero Bureaucracy Ideas Award and brainstorming workshops. These initiatives, which also include the Zero Bureaucracy webpage, will allow employees to discuss and suggest improvements to current procedures aiming to transform the customer experience. Younis Haji Al Khoori, Under-Secretary of ...

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), reviewed the key indicators of the Authority’s 2022-2025 strategic plan and its achievements aimed at boosting the agriculture and food sector’s contribution to Abu Dhabi’s GDP. This initiative ...

ABU DHABI/AD MEDIA OFFICE Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the 3rd World Utilities Congress, hosted by Abu Dhabi National Energy Company (TAQA), will take place in Abu Dhabi from 16-18 September 2024 at ADNEC Centre Abu Dhabi. Organised ...

DUBAI/WAM TECOM Group has completed the acquisition of new commercial and industrial assets as part of an AED1.7 billion strategic plan that was announced in May 2024. This milestone is in conjunction with TECOM Group’s announcement to develop premium Grade-A office spaces worth AED340 million at Dubai Internet City with the launch of Innovation Hub Phase 3, bringing the total ...

ABU DHABI/WAM Emirates Global Aluminium (EGA) on Thursday announced its intention to acquire 80 percent of the American aluminium recycling firm Spectro Alloys Corporation. The current owner-managers will retain a 20 percent shareholding. EGA and Spectro Alloys have signed an equity purchase agreement and the transaction is expected to close during the third quarter of 2024. The acquisition, which is ...

ABU DHABI/WAM AD Ports Group has issued a white paper titled “Digitalisation for Enhanced Efficiency: Leveraging Data for Smart Ports” as a valuable resource for understanding the dynamics of digital transformation in the maritime sector and its critical role in enhancing global trade efficiency. Presented in the white paper is an in-depth analysis of the transformative impact of digital technologies ...

ABU DHABI/WAM Abu Dhabi National Energy Company (TAQA) and JERA, Japan’s largest power generation company, today announced the financial closing of Najim Cogeneration Company Limited, a new industrial steam and electricity cogeneration plant that will produce electricity and steam for a petrochemical complex located in Jubail in the Eastern Province of the Kingdom of Saudi Arabia. The new cogeneration plant ...

DUBAI/WAM  Dubai Charity Association has implemented urgent relief assistance to those affected by floods resulting from heavy rains in Mali and Niger, including a package of foodstuffs, a medical convoy to treat malaria, and the construction of huts. The aid has benefited affected families in the town of Bla in the Ségou region of Mali and the village of Shentberdine ...