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RAK Ruler receives US Consul General

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, on Thursday received Robert Raines, the United States Consul-General for Dubai and the Northern Emirates, at his palace in the Saqr bin Mohammed City. He was accompanied by a delegation from the healthcare sector of the UAE -US Business ...

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Abdullah bin Zayed receives Deputy PM, Minister of Foreign Affairs & Tourism of Malta

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, on Thursday received Dr Ian Borg, the Deputy Prime Minister and Minister of Foreign Affairs and Tourism of the Republic of Malta, in Abu Dhabi. During the meeting, the two top diplomats discussed enhancing bilateral relations and explored opportunities to enhance cooperation across ...

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Sharjah Islamic Bank reports net profit of AED318.9 million for Q1 2025

SHARJAH/WAM Sharjah Islamic Bank (SIB) commenced the year 2025 with strong financial performance during the first quarter, achieving a net profit after tax of AED318.9 million, an increase of 24.6 percent compared to AED255.9 million in the first quarter of 2024. Income from investments in Islamic financing and Sukuk grew by AED56.2 million, or 6.6 percent, reaching AED914.3 million in ...

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TAQA acquires leading UK electricity transmission development, services company

ABU DHABI/WAM Abu Dhabi National Energy Company (TAQA) announced on Thursday that it has acquired 100 percent of Transmission Investment (TI), a leading UK-based energy and utility investment platform. TI is one of the largest players operating offshore transmission (OFTO) assets connecting offshore wind farms to the UK grid. The strategic acquisition strengthens TAQA’s position in the offshore electricity transmission ...

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UBF discusses plans to develop banking, financial industry

ABU DHABI/WAM The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its meeting chaired by Abdulaziz Al-Ghurair, Chairman of UBF, to review the banking and financial sector’s performance during 2024, and discuss developments, initiatives and plans in 2025. The CEOs Advisory Council praised the strong performance and achievements of ...

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ADGM unveils ‘Virtual Sell and Purchase’ real estate service

ABU DHABI/WAM Abu Dhabi Global Market (ADGM) has announced the launch of the “Virtual Sell and Purchase”, the first-of-its-kind real estate service, which allows multiple steps within property transactions to be completed virtually by buyers, sellers, and associated banks. ADGM’s new service streamlines and consolidates three key real estate procedures – Discharge of Mortgage, Register a Transfer, and Register a ...

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UAE features handicrafts by Emirati women at Expo 2025 Osaka

OSAKA/WAM The United Arab Emirates Pavilion at Expo 2025 Osaka-Kansai continues to highlight the rich Emirati heritage by showcasing authentic handicrafts during the fourth day’s events, which included live workshops presented by “Bait Al Harifeen” (House of Artisans) with the participation of a selection of elite Emirati craftswomen. These live workshops include interactive experiences in the art of Al Sadu, ...

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Mubadala announces $600m investment in Nord Anglia Education

ABU DHABI/WAM Mubadala Investment Company, the Abu Dhabi-based investment company, announced its agreement to acquire a minority stake in Nord Anglia Education, a leading international schools organisation, for $600 million. Mubadala will join the consortium led by global investment organisation EQT which includes Neuberger Berman, Canada Pension Plan Investment Board, Corporación Financiera Alba, SA, and Dubai Holding. Alvin Teh, Head ...

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