January, 2023

• 26 January

  Moody’s lifts credit rating of DP World

    Dubai / WAM Moody’s upgraded DP World’s ratings, signaling confidence in the company’s business and future prospects. The upgrade follows two major investments in 2022 at DP World’s flagship UAE assets: Jebel Ali Port, Jebel Ali Free Zone, and National Industries Park. The investments, which totaled $7.4 billion, were made by Canadian investment fund CDPQ in May and Saudi ...

  Read More »
• 26 January

  Sheikh Mohamed, Pakistan PM discuss ways to strengthen ties

  

  RAHIM YAR KHAN / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday arrived in the city of Rahim Yar Khan during his visit to the Islamic Republic of Pakistan. Upon his arrival at the airport, His Highness was received by Pakistani Prime Minister Shehbaz Sharif, and a number of ministers and senior officials. During the meeting, ...

  Read More »
• 26 January

  Khalifa Fund inks $15m deal to support SME sector in Zambia

  

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development has signed a memorandum of understanding (MoU) with the Ministry of Small and Medium Enterprise Development, Zambia. As per the MoU, Khalifa Fund will provide $15 million (equivalent to AED55 million) to the African nation to support their SME sector. The MoU was signed in the presence of Sheikh Shakhboot bin ...

  Read More »
• 26 January

  Abu Dhabi hotels welcome 4.1 million guests in 2022

  

    Abu Dhabi / WAM A total of 4.1 million hotel visitors stayed in Abu Dhabi hotels during 2022, 24 percent up from 2021, data by the Department of Culture and Tourism – Abu Dhabi, revealed. Hotel revenues climbed by 23 percent from the previous year to AED5.4 billion in 2022. The statistics showed that Abu Dhabi hotels recorded occupancy ...

  Read More »
• 26 January

  WAM signs five pacts with media entities in Costa Rica

  

    Abu Dhabi / WAM A delegation from the Emirates News Agency (WAM) headed by Mohammed Jalal Al Rayssi, Director-General of WAM, has visited a number of media entities in Costa Rica to promote cooperation in news exchange. The visit aligns with the UAE’s hosting of the United Nations Climate Change Conference of the Parties (COP28) in Expo City Dubai ...

  Read More »
• 26 January

  GPSSA announces pension disbursement dates

  

  Dubai / WAM The General Pension and Social Security Authority (GPSSA) announced the pension disbursement dates for this year. The authority emphasised the fact that pensions will be disbursed on the 27th day of each month, with exceptions to May and June, whose pensions will be disbursed on August 26, where pensions will be disbursed on the 25th of that ...

  Read More »
• 26 January

  EHS to showcase 19 innovative projects at Arab Health

  

    Dubai / WAM Emirates Health Services (EHS) is taking part in the Arab Health Exhibition & Conference 2023, held from January 30 to February 2 at the Dubai World Trade Centre, where it plans to showcase 19 innovative projects at its booth under the theme “Building the Future of Health Services”. The projects will be grouped into three main ...

  Read More »
• 26 January

  Vistara shelves plan to fly to US on 787 delivery delays

  

    Bloomberg Singapore Airlines Ltd.’s Indian venture has shelved plans to start direct flights to the US following disruptions in the deliveries of Boeing Co.’s 787 Dreamliner aircraft. “We were discussing US at one stage,” Vistara Chief Executive Officer Vinod Kannan said at a virtual press meet. “We have had to put that on hold after the fact that 787s ...

  Read More »
• 26 January

  Johnson & Johnson guides to higher full-year earnings

  

    Bloomberg Johnson & Johnson (J&J) guided to stronger earnings for 2023 than analysts were expecting after a year in which the pharma division suffered because of waning demand for its unpopular Covid-19 shot. Its Covid vaccine, which falls out of favour after cases of a rare and potentially deadly blood clotting disorder, was a drag on the pharma division’s ...

  Read More »
• 26 January

  Virgin Australia plans to interview bankers for 2023 IPO in February

  

    Bloomberg Virgin Australia Holdings Pty Ltd. plans to interview lead underwriters starting in February for a return to public markets as soon as this year, according to people familiar with the matter. Australia’s second-largest airline and its owner Bain Capital will interview banks from the end of next week for joint lead manager roles assisting the company to list ...

  Read More »