GULF TIME The brand launch event for OMODA and JAECOO was splendidly held at the Doha, Qatar Geneva Auto Show in the first week of this month, garnering widespread attention from the global media. At the event, OMODA showcased its star models, OMODA C5 and OMODA E5, heralding a new age of future driving experiences and green technology. JAECOO, making ...

DUBAI / WAM The Department of Community Development (DCD) has signed a memorandum of understanding with Accenture to enhance the well-being of its citizens and residents. The MoU, signed at GITEX Global 2023, marks the beginning of a collaborative effort in which Accenture will leverage its cutting-edge AI solutions and global expertise in social development to introduce an all-encompassing service ...

ABU DHABI / WAM ADMO, the joint venture between Alpha Dhabi Holding and Monterock International Limited, on Wednesday announced that it has signed a definitive agreement to acquire rapidly growing luxury lifestyle group, CE LA VI. This strategic move signifies ADMO’s accelerated efforts in building a diverse portfolio of luxury, lifestyle, F&B, and entertainment brands, significantly expanding its global lifestyle ...

DUBAI / WAM The Ministry of Climate Change and Environment (MoCCAE) has announced upgrading the digital services for 103 of its services to bring the average delivery time down to 4 minutes. This is part of the ministry’s commitment to increasing flexibility and enhancing customer experience and satisfaction. It was announced by the ministry during the GITEX Global 2023 event, ...

ABU DHABI / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), on Wednesday received Inter-Parliamentary Union (IPU) President, Duarte Pacheco, and Secretary-General, Martin Chungong, at the FNC headquarters. At the start of the meeting, the FNC Speaker welcomed Pacheco to the UAE, as this is his first visit to the country, pointing to the distinguished relations between the ...

ABU DHABI / WAM Noura Al Kaabi, Minister of State, met with Lucie Berger, the Ambassador of the European Union to the United Arab Emirates, in the headquarters of the Ministry of Foreign Affairs in Abu Dhabi. During the meeting, Al Kaabi discussed bilateral relations between the UAE, the EU, and the EU’s member states, and ways to enhance these ...

SAMARKAND / WAM Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, led the UAE delegation participating in the 25th Session of the UN World Tourism Organisation (UNWTO) General Assembly, which is currently being held in the city of Samarkand, Uzbekistan. The session will continue until October 20, 2023. The UAE, represented by the ...

ABU DHABI / WAM Presight AI Holding Ltd (Presight), a G42 company, the leading UAE-based Big Data Analytics and AI company, and TOTM Technologies Limited (TOTM) have announced plans to establish a joint venture [via their wholly-owned subsidiaries] for the development and deployment of their combined proprietary technologies, marking a deepening collaboration between the ADX-listed tech provider and Singapore’s home-grown, ...

ABU DHABI / GULF TIME In a significant move aimed at transforming the credit card offerings for UAE nationals, Finance House proudly announces the launch of its revolutionary credit card, “Forsa”. The Forsa proposition is set to have an immediate and positive impact on the lives of UAE nationals, offering unmatched benefits targeted at improving their financial well-being. With the ...

BLOOMBERG Morgan Stanley shares plunged the most since June 2020 after the firm’s dealmakers posted the biggest drop in fees on Wall Street and its wealth management unit had the lowest inflows in more than three years. Investment banking revenue slid 27% and the fixed-income trading business slumped, leading to a drop in profit. Revenue of $6.4 billion from the ...