ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025. The budget totals AED71.5 billion in revenues and AED71.5 billion in estimated expenditures, maintaining a balanced approach between income …

ABU DHABI / GULF TIME Ittihad International Investment LLC, a leading diversified investment conglomerate with a portfolio across four verticals, has received a provisional ‘AAA’ ESG rating from MSCI. This highest rating positions the Company among the most sustainable industrial conglomerates, regionally and globally. Ittihad’s portfolio spans four key verticals: Consumer Goods Manufacturing, including paper and tissue production, as well …

DUBAI/GULF TIME Leading Dubai developer Binghatti Properties is embarking on a portfolio expansion that will almost double the size of its portfolio within the next 18 months to AED100 billion, compared to the current AED40 billion. This comes after Binghatti had displayed strong performance in the market in the first half of the year. Muhammad Binghatti, the Chairman of Binghatti …

MUMBAI/WAM The 12th Meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI) took place in Mumbai, Co-Chaired by Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, and H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA). The HLJTFI was established in 2013 to promote trade, investment and …

ABU DHABI/WAM The Telecommunications and Digital Government Regulatory Authority (TDRA) has completed its preparations to participate in GITEX Global 2024, through the Digital Government Platform, which includes 37 federal government entities. The TDRA‘s participation this year involves reviewing a number of projects and developments that achieve the role of the telecommunications sector and digital government, and enhance the digital lifestyle …

SEOUL/WAM A delegation from the UAE’s Accountability Authority (UAEAA) has concluded an official visit to the Republic of Korea, during which they explored enhancing cooperation in public oversight, auditing, and combating corruption. As part of the visit, Humaid Obaid Abushibs, Chairman of the UAEAA, signed a Memorandum of Understanding (MoU) with Choe Jaehyoeng, Chairman of the Board of Audit and …

ABU DHABI/WAM  Several UAE ministers and officials have hailed the Comprehensive Economic Partnership Agreement (CEPA) with Jordan as a strategic move to strengthen ties with a key economic and trade partner in the Arab region, highlighting the agreement as a significant leap in cooperation that will benefit both nations by fostering economic growth and prosperity. The ministers pointed out that …

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired the Ministerial Development Council meeting held at Qasr Al Watan in Abu Dhabi. During the meeting, the Council reviewed and discussed several government projects and programmes. The meeting agenda included discussions on developmental projects aimed at enhancing …

DUBAI / WAM Arabian Travel Market (ATM) will underscore the pivotal role of connectivity in shaping the future of tourism with the theme, “Global Travel: Developing Tomorrow’s Tourism Through Enhanced Connectivity”, when it returns to Dubai World Trade Centre from April 28 to May 1 2025. In light of the unprecedented growth within the global travel and tourism sector, ATM …

ABU DHABI/WAM The Abu Dhabi Investment Authority (ADIA) has established a subsidiary at the Gujarat International Finance Tec-City (GIFT City), India’s international financial services centre. The subsidiary has been granted regulatory approval by the International Financial Services Centre Authority (IFSCA) and is now operational. HH Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA, said, “India is one of …