ABU DHABI/WAM The UAE Banks Federation (UBF) has reiterated its commitment to enhance the efforts of its member banks to develop the necessary frameworks, under the direct supervision of the Central Bank of the UAE. This ensures the best utilisation of advanced technologies in the banking industry and maintains the UAE’s leading position in driving financial and banking innovation and ...

ABU DHABI/WAM ADNOC Logistics and Services (ADNOC L&S) plc announced on Monday financial results for the first quarter (Q1) ending 31st March 2025. ADNOC L&S revenue for Q1 was $1,181 million (AED4,339 million), a 41 percent year-on-year increase. EBITDA rose by 20 percent to $344 million (AED1,262 million) in the same period, driven by robust performance across all business segments, ...

DUBAI/WAM The United Arab Emirates (UAE) has maintained its leading position among countries with “very high human development” climbing 11 spots globally in the 2025 Human Development Index (HDI) report issued by the United Nations Development Programme (UNDP), compared to its 2021–2022 ranking. The United Arab Emirates ranked 15th globally out of 193 countries covered by the report, outperforming nations ...

DUBAI / WAM Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it supported the establishment and expansion of 127 digital startups in the emirate during the first quarter of 2025. This represents a 135% increase compared to the same period last year, reflecting the chamber’s ongoing efforts to ...

Dubai / WAM Dubai has advanced eight places to rank 4th globally in the IMD Smart City Index 2025, marking a major milestone in its digital transformation journey. The achievement reinforces Dubai’s position as the highest-ranked city in the GCC, the Arab world and Asia, and highlights its status as a global leader in smart city development and future-ready urban ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, issued Law No. (24) of 2025 reconstituting the Board of the Dubai Media Council, chaired by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai. According to the ...

ASTANA / WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has visited Astana International Financial Centre (AIFC) in the Kazakh capital, Astana, accompanied by Kassym-Jomart Tokayev, President of the Republic of Kazakhstan. During the visit, H.H. Sheikh Khaled bin Mohamed bin Zayed was briefed on AIFC’s advanced financial and investment services, modern infrastructure ...

DUBAI / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, issued directives to grant golden visas to nursing staff employed with Dubai Health who have served for more than 15 years. The decision comes in recognition of their invaluable contributions to the community and their crucial role ...

DUBAI / WAM PTC Therapeutics, a global biopharmaceutical leader in rare diseases, has launched a Middle East and North Africa (MENA) office at Dubai Science Park to enhance access to transformative medicines for patients with rare diseases in the region. Specialising in developing and commercialising breakthrough therapies for rare diseases globally, PTC’s new facility will serve as a regional hub ...

ABU DHABI / WAM The UAE has adopted clear standards to promote responsible digital content that reinforces national identity and upholds ethical and social values, while embracing modern digital tools, said Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council. In statements to the Emirates News Agency (WAM) on the sidelines of the Arab Media Forum in Kuwait, where ...