ABU DHABI / WAM Further to the announcements made by Bayanat AI PLC (Bayanat) and Al Yah Satellite Communications Company (Yahsat) on the recommendation to shareholders by their respective Board of Directors for a merger of the two Abu Dhabi-headquartered and ADX-listed entities, the enlarged entity will be named Space42 post-merger. The proposed merger will create an AI-powered space technology ...

ABU DHABI / WAM The Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions. Submissions will be accepted until 23rd June 2024 through the Prize’s online portal. Small to medium enterprises (SMEs), nonprofit organisations (NPOs) and high schools with sustainable solutions are invited to submit an ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed during a phone call with Winston Peters, Deputy Prime Minister and Minister of Foreign Affairs of New Zealand, bilateral relations and means to further develop them across various sectors. The two ministers also reviewed bilateral cooperation and ways to develop it across development, renewable ...

ABU DHABI/ WAM Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, Chairman of the Abu Dhabi Equestrian Club, the Abu Dhabi International Show Jumping brings together the world’s top show jumping riders and horses from December 21st to 24th, 2023. Organised by the Abu ...

UMM AL QAIWAIN/ WAM H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, was briefed today on current and future economic and investment projects in the UAE, with discussions aimed at fostering growth both locally and internationally. This came as H.H. Sheikh Saud received today at his office in the Amiri Diwan, Abdullah ...

ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) Arbitration Centre announced the launch of “ODR@ADGM”, an online dispute resolution platform that hosts a fully digitalised settlement and mediation service. Using this advanced service, parties from anywhere in the world will be able to resolve their disputes through self-guided negotiations or, ultimately, mediation facilitated by internationally accredited mediators. ODR@ADGM ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has issued the UAE Islamic Finance Report 2023 which highlights the sustainable Islamic finance efforts of Islamic financial institutions (IFIs) across the UAE. The report comes in line with the UAE’s Year of Sustainability and its recent hosting of COP28. The report analyses the performance of various Islamic finance ...

DUBAI / WAM Dragon Oil Company, affiliated with the Government of Dubai, held its annual brainstorming session at the Bab Al Shams Hotel in Dubai, attended by the Company’s Senior officials and Top Directors, led by CEO Ali Rashid Al Jarwan. The session’s discussions centred on reviewing the company’s strategic objectives during the current and next year, while discussing future ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, on the occasion of assuming power in the State of Kuwait. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

BLOOMBERG Soaring demand for travel this winter is boosting refiners’ margins for making jet fuel in Asia, providing a bright spot for the oil market even as the outlook for other transport fuels weakens. The post-pandemic recovery of air travel is gaining pace in China and India, while the US is expecting to see record travel demand during the holiday ...