DUBAI / GULF TIME The General Assembly of Takaful Emarat Insurance Company announced an additional capital increase of AED 185 million, bringing the total capital to AED 210 million. This decision came in light of the outstanding performance and significant growth achieved by the company’s insurance operations, which achieved a 79% increase in the first quarter of 2024. Insurance revenues ...

ABU DHABI / GULF TIME An exclusive investor roadshow organized in Abu Dhabi by Aqaba Development Corporation (ADC), the central development arm of the Aqaba Special Economic Zone Authority (ASEZA), was an overwhelming success highlighting investment opportunities for UAE-based and international investors. The tremendous response from global investors expressing interest and intent to invest in Aqaba underlines the strong value ...

ABU DHABI / GULF TIME In a move set to redefine the future of commercial vehicles, SINGAUTO, the Singapore-based innovator, unveiled its global brand at the iconic Yas Marina Circuit in Abu Dhabi. With an ambitious vision to be a world-leading, new energy, intelligent, complete logistics solutions provider, SINGAUTO launched its inaugural masterpiece: world’s first one-step new energy intelligent refrigerated ...

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has launched a video call service for customers on its official smart application, while continuing to provide the same feature via WhatsApp using its number 600590000. The new service is part of the Ministry’s ongoing efforts to enhance digital services for customers and meet the UAE Government’s ambitious digital ...

SHARJAH / WAM  Kalimat Group and Reggio Children—Italy have solidified their partnership by signing a Memorandum of Understanding (MoU). This collaboration marks a milestone after six years of successful cooperation, setting the stage for enhanced educational initiatives and mutual growth for the betterment of children in their respective regions and beyond. Reggio Children promotes, values, and defends the wealth of ...

DUBAI / GULF TIME HUAWEI AppGallery marks its successful partnership with Yalla Ludo, the region’s leading mobile board game app for Ludo and Domino enthusiasts, with a spectacular lightshow on the iconic Burj Khalifa. This celebration sets a new benchmark in mobile gaming and e-sports, highlighting their shared commitment to innovation and excellence. The lightshow underscores the dynamic collaboration between ...

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

ABU DHABI / WAM The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year $1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857 percent, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock Exchange (LSE) and Nasdaq Dubai. The bond ...

DUBAI / WAM Dubai Chambers has announced details of the agenda for the Dubai Business Forum – China, which will take place in Beijing from August 21 to 22. The first international edition of the Dubai Business Forum coincides with the 40th anniversary of diplomatic ties between the UAE and China. Held under the theme “China, Dubai and Beyond: Igniting ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, issued Executive Council Decision No. 40 of 2024 appointing Ahmed Hassan Saleh Hassan Mahboub as the CEO of the Corporate Administrative Support Services Sector at the Roads and Transport Authority in Dubai (RTA). The decision is ...