AJMAN / WAM The Ajman Department of Tourism Development signed a memorandum of understanding (MoU) with Thumbay Group which aims to establish a partnership between them to exchange knowledge and expertise to support medical tourism in the emirate of Ajman and reinforce its position as an ideal destination for wellness and therapy. The MoU was signed between Mahmood Khaleel Alhashmi, ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) has received two awards at the MEA Finance Banking Technology Awards 2023. The awards won by NBF include “Best Innovation in Trade Finance” and “Most Innovative Trading Platform” for the second consecutive year. NBF’s success stems from its extensive banking experience and market expertise in Fujairah and the UAE, establishing its strong ...

ABU DHABI / WAM The Ministry of Finance (MoF) has called on the public to rely only on official publications and posts issued by MoF and the Federal Tax Authority (FTA) regarding the Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law) and the associated Cabinet and Ministerial Decisions. The ministry said ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a memorandum of understanding (MoU) regarding the provision of specialised healthcare services for MoFAIC employees and their families. This agreement spurs from the desire of both parties to consolidate areas of existing cooperation and communication and to benefit from various activities and ...

JEDDAH / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, today arrived in Jeddah, leading the UAE delegation participating at the 32nd Arab League Summit. Upon his arrival at  Jeddah Airport, Sheikh Mansour and the accompanying delegation were received by Prince Bader bin Sultan bin Abdulaziz Al Saud, ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) showcased the UAE’s potential as an investment gateway for Chinese companies by hosting a China-Arab Entrepreneurs’ Summit in Abu Dhabi. The summit brought together over 60 Chinese entrepreneurs, executives, and government officials on Friday. Over the past decade, China has emerged as the Middle East’s largest trading partner, with investment and ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) hosted a series of events in major cities across the GCC including Saudi Arabia, Kuwait, Qatar, Bahrain and Oman to launch the SeaWorld Yas island, and Experience Abu Dhabi’s “One Summer Isn’t Enough” offering, in partnership with 20 key stakeholders including hotels, city attractions ...

ABU DHABI / WAM Mubadala Investment Company has released its 2022 financial results for the group. Despite a challenging macroeconomic environment in 2022 that significantly impacted financial markets and investor sentiment, Mubadala outperformed global benchmarks, supported by active management of its portfolio, robust capital deployment and a considered monetisation programme. Mubadala invested AED107 billion ($29.14 billion) in line with its ...

JEDDAH / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Minister of the Presidential Court, held a meeting on Friday with President Bashar al-Assad of Syria on the sidelines of the 32nd Arab League Summit. During the meeting, they exchanged cordial talks that reflected the strong fraternal relations between the two countries and ...

BLOOMBERG Deep in the bowels of Wall Street there’s a surprisingly successful counterfeiting operation underway: The world’s largest banks have created a booming business churning out imitation quant trades. JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley are among those hawking the products, which are known by the deceptively dreary name “quantitative investment strategies” (QIS). It’s the ...