CAIRO / WAM Jamal Jaballah, Former Plenipotentiary Minister of the Arab League and Former Coordinator of the Arab Negotiating Group on Climate Change, said the UAE’s hosting of COP28 is a source of honour for every Arab, as it is one of the world’s largest gatherings. In his statement to the Emirates News Agency (WAM), Jaballah lauded the UAE’s pivotal ...

DUBAI / WAM National Bonds, the savings and investment company, said that 82 percent of employees in the UAE are open to employers investing in their end-of-service benefits. This insight strongly aligns with National Bonds’ strategic objective of introducing new saving solutions that cater to different segments of the population. In line with the growing demand for such solutions, and ...

DUBAI / WAM The Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) is a platform that sheds light on the sustainable circular economy in the UAE. It encourages global partnerships and investments to support innovation and adopt sustainable solutions and technologies in this field. This contributes to reducing risks, greenhouse gas emissions and costs. It also ...

DUBAI / WAM Emirates, the world’s largest international airline, marks one of its busiest summers ever, carrying over 14 million passengers with average seat load factors exceeding 80 percent across its global network between June and August. Looking at the coming months, Emirates’ booking trends show unabated demand for international travel across its network. Destination Dubai remained popular amongst travellers, ...

ABU DHABI / WAM The UAE, represented by the Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third dirham-denominated Islamic Treasury Sukuk auction (T-sukuks), which is part of the T-sukuks issuance program for 2023. The third auction of the ...

ABU DHABI / WAM AD Ports Group has completed a number of initiatives under “The Abu Dhabi Programme for Effortless Customer Experience,” a pioneering new model that enables effortless customer experiences across Abu Dhabi Government. Spearheaded by the group’s Economic Cities and Free Zones, and Digital clusters, the initiatives aimed at enhancing the omnichannel experience for clients at Kezad. From ...

JOHANNESBURG / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, arrived in Johannesburg, South Africa, to lead the UAE delegation participating in the 15th BRICS Summit of major emerging economies, which is taking place from August 22-24. HH Sheikh ...

SHARJAH / WAM Ali Mehd Al Suwaidi, Chairman of the Sharjah Consultative Council (SCC) has hailed the organisation of elections to the advisory body as a farsighted step by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to ensure transparency and communication between the Council and the community. Al Suwaidi stressed that the ...

BLOOMBERG South African fuel and chemical maker Sasol Ltd took a 35 billion-rand ($1.9 billion) writedown on a facility at the heart of its operations and warned of regulatory uncertainty in the country as greenhouse-gas emissions rose. The “significant impairment” on the Secunda liquid fuels plant is reflective of Sasol’s reassessment of costs and the “need to remain realistic and ...

BLOOMBERG European natural gas prices plunged as traders gauged the state of crucial negotiations to avoid strikes at Australia’s biggest export facility for the fuel. Benchmark futures fluctuated wildly — briefly plummeting as much as 18% before paring the loss — after the contract settled at its highest level since April. The sharp moves highlight extreme nervousness in the market ...