ABU DHABI/WAM Barclays Bank, one of the world’s leading financial institutions, announced it has initiated coverage of five of ADNOC’s listed companies, placing a positive “overweight” rating on each and calling investment in ADNOC’s ecosystem a strategic imperative for global portfolios. The overweight rating for the five companies – ADNOC Distribution, ADNOC Drilling, ADNOC Gas, ADNOC Logistics & Services, and ...

DUBAI/WAM AqlanX, a UAE-based artificial intelligence company, on Sunday announced a US$10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region’s digital transformation journey. The investment, facilitated through connections fostered by the UAE’s NextGen FDI initiative, will accelerate AqlanX’s mission to localise and expand the proven enterprise automation capabilities of DoxAI across the ...

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has arrived in Astana, the capital of the Republic of Kazakhstan, on an official visit, at the invitation of His Excellency President Kassym-Jomart Tokayev. His Highness was received upon arrival at Astana International Airport by His Excellency Olzhas Bektenov, ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call today from His Excellency Ahmed Al-Sharaa, President of the Syrian Arab Republic. During the call, the two leaders discussed the fraternal relations between their countries and explored ways to strengthen bilateral cooperation in a manner that benefits their peoples. They also exchanged views ...

DUBAI / GULF TIME The Emirates Group released its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels. This outstanding performance places the Emirates Group as the most profitable aviation group globally in the 2024-25 reporting period, with Emirates reporting the best result in its history to become the world’s most profitable airline. Both Emirates and dnata ...

DUBAI / WAM The Dubai Department of Economy and Tourism (DET), in collaboration with the Dubai Department of Finance (DOF), has launched the ‘Dubai In-Country Value (ICV) Programme’, aimed at strengthening the local manufacturing sector by directing more government spending toward domestic suppliers. The initiative will be implemented through TASHAROK, the Government of Dubai’s Shared Procurement Programme. Managed by the ...

KUWAIT / WAM Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO), Chairman of the UAE Media Council (UAEMC), affirmed the UAE’s commitment to strengthening Gulf media cooperation and advancing efforts aimed at developing the media ecosystem in the GCC countries. This, he said, supports the paths of sustainable development across various fields and sectors ...

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, witnessed the nationwide launch of a national campaign under the ‘Make it in the Emirates’ platform to promote UAE-made products. The initiative, led by the Ministry of Industry and Advanced Technology (MoIAT), brings together nine of the UAE’s leading retail and e-commerce platforms to ...

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of the MGX Board of Directors, has chaired MGX’s inaugural board meeting of 2025. His Highness praised the company’s rapid progress enabling accelerated technology development and innovation, and its emergence as a globally leading investor in AI infrastructure and ...

ABU DHABI / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, visited Al Dhafra Air Base in Abu Dhabi, where he inspected military units, assessed their operational preparedness, and reviewed efforts to boost the nation’s defence capabilities. Upon his arrival at the air base, H.H. Sheikh Hamdan ...