DUBAI/WAM The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Development PJSC with a total value of AED67.5 million. According to DFM data, the deal was executed on 48.2 million shares at an execution price of AED1.4. Large (automated) deals are offered by local markets to ...

ABU DHABI/WAM As part of its commitment to providing exceptional services and promoting cultural exchange, the Sheikh Zayed Grand Mosque Centre (SZGMC) announced the “Sura” Evening Cultural Tours within the mosque premises. These exclusive tours allow visitors to explore the mosque outside regular hours, from 22:00 to 09:00. This initiative reflects the Centre’s strategic plan to elevate the visitor experience ...

ABU DHABI/WAM The UAE is gearing up for a busy 2024 with a packed calendar of international conferences and events. Throughout January, the emirate will play host to a diverse array of gatherings, solidifying its reputation as a premier destination for business tourism and conferences. This surge in activity underscores the UAE’s competitiveness and global appeal in the world of ...

ABU DHABI/WAM The UAE insurance sector continues to exhibit robust growth, as evidenced by a 9.6% increase in total assets during the first nine months of 2023, reaching AED 131.6 billion by the end of the third quarter. This translates to an impressive AED 11.5 billion increase in assets compared to the year-end 2022 figure of AED 120.1 billion. The ...

ABU DHABI/WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group and UAE-based Excel ASTRA Engineering Construction have signed a 50-year lease agreement to set up a fabrication facility in KEZAD. Excel Astra to invest approximately AED20 million to build the facility on approximately 45,000 square metres of land in KEZAD Al Ma’mourah. The facility will leverage on the collective expertise ...

ABU DHABI/WAM Trucks, heavy vehicles and buses transporting labourers will be banned from Abu Dhabi roads on New Year’s Eve, the Traffic and Patrols Directorate of the Abu Dhabi Police, in cooperation with the Integrated Transport Centre, announced. “This includes Sheikh Zayed Bridge, Sheikh Khalifa Bridge, Mussafah Bridge and Al Maqtaa Bridge,” ​the Traffic and Patrols Directorate of the Abu ...

ABU DHABI/WAM The Ministry of Health and Prevention (MoHAP) has received the global accreditation certificate for The International Business Agility Model from the International Business Agility Institute (TIBAI). The recognition reflects the efficiency of the UAE’s health system and its institutional capacity for flexibility and agility and also highlights MoHAP’s adeptness in responding to health changes, anticipating future trends, and ...

ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has conferred the Medal of Independence of the First Order to Mohammed Dansanta Rimi, Ambassador of the Federal Republic of Nigeria, on the occasion of his tenure’s end as an ambassador to the UAE. During a meeting that took place at the Ministry of Foreign Affairs’ headquarters in Abu ...

DUBAI / WAM Accenture has been selected as the strategic partner for e&’s responsible sourcing initiative that aims to embed sustainability into the procurement function and align with its net zero targets and sustainability commitments. Accenture will play a crucial role in advancing e&’s responsible sourcing strategy by developing a three-year roadmap and a robust supplier engagement framework designed to ...

DUBAI / WAM Nakheel, the world-leading real estate master developer, has announced that eight Nakheel beaches have received the prestigious Blue Flag status at its Jebel Ali, Palm Jumeirah and Dubai Islands locations. A Blue Flag display on a beach means that the beach is clean, meets safety and accessibility requirements, is managed sustainably and has excellent water quality. The ...