ABU DHABI / WAM First Abu Dhabi Bank (FAB), published its Global Investment Outlook report for 2019. The report expects that UAE equity markets will rally in 2019, boosted by a weaker dollar, higher oil prices and Abu Dhabi’s economic stimulus plan. With the world’s biggest economies continuing to post good growth, gains are also expected in global stock benchmarks. ...

Dubai / WAM Enoc Group’s inaugural ‘Women in Energy Awards’ honoured eight women in a first-of-its-kind award ceremony held to recognise women’s achievements within Dubai’s energy sector. The biennial awards which were previously announced on ‘Emirati Women’s Day’ in August 2017 saw several strong entries from nine government entities across three major categories. A third-party judging panel followed stringent qualifying ...

Dubai / WAM The Dubai Food Festival (DFF), will return on February 21 with a city-wide showcase of Dubai’s gastronomy offering to thousands of residents and visitors. The festival, which runs until March 9, will celebrate and enhance Dubai’s position as the food capital not only in the region, but also on the international gastronomy scene, promoting the diversity and ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has inaugurated an integrated weapon suite developed by the Advanced Military Maintenance Repair & Overhaul Center (AMMROC), to weaponise and enable Black Hawk helicopters to perform a variety of attack missions. Abu Dhabi Crown ...

SHARJAH / WAM In a bid to explore new areas of collaboration in education and socioeconomic fields, and boost bilateral investment prospects between Sharjah and Finland, the Sharjah Department of Government Relations (DGR), hosted a high-level delegation from the city of Oulu, Finland, who conducted a series of visits to key government organisations, departments and entities across the emirate. The ...

Abu Dhabi / WAM Nasdaq Dubai on Tuesday welcomed the listing of a $750 million Sukuk by the Dubai Islamic Bank (DIB). It is Nasdaq Dubai’s first Sukuk listing of 2019 and DIB’s seventh altogether on the exchange. Dubai Islamic Bank is the leading UAE-based Sukuk issuer by value on Nasdaq Dubai with a total of six billion US dollars ...

Sofia / WAM Prospects of enhancing cooperation in all political, economic, security and investment sectors between the UAE and Bulgaria were reviewed at a meeting between the Prime Minister of Bulgaria Boyko Borissov and the UAE Ambassador to Bulgaria Abdulwahab Nasser Al Najjar. At the meeting, which was held at the Prime Minister’s office, Borissov affirmed his country’s participation in ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a Resolution restructuring the Board of Directors of the Abu Dhabi Global Market (ADGM), under the chairmanship of Ahmed Ali Mohammed Al Sayegh. Under the ...

Abu Dhabi / WAM Counterfeit cheques currently expose banks, businesses and customers to financial, reputational and legal risks, and with sophisticated printing technologies incidences of fraud have increased. This phenomenon has led the UAE Banks Federation (UBF), to combat such risks, including the hosting of a workshop, in coordination with the UBF IT Committee, dedicated to addressing new and innovative ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has formalised an $3 billion (AED11 billion) deposit into the State Bank of Pakistan to support Pakistan’s economic growth and achieve the long-term objectives of its monetary policy. Announced in December 2018, the decision to formalise the deposit was made under ...