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Bloomberg India’s benchmark index was poised to enter a correction as concerns about risks from the rapid spread of the omicron coronavirus variant prompted selling of equities ahead of year-end holidays. Reliance Industries Ltd. was the biggest drag on the S&P BSE Sensex, which retreated 2.8% to 55,423.99 as of 1:24 pm in Mumbai, headed for its biggest two-day ...
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December, 2021
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20 December
Social responsibility initiatives in Dubai surpass AED3bn in value
Dubai / WAM The Islamic Affairs and Charitable Activities Department in Dubai (IACAD) has revealed that the value of social responsibility initiatives implemented by various sectors in the emirate surpassed AED3 billion in 2020, touching the lives of more than 98 million people. The results were announced in an annual report issued by the department’s charitable work sector, which ...
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20 December
AD Ports, ADC ink deal to set up cruise terminal in Jordan
ABU DHABI / WAM Abu Dhabi Ports Group (AD Ports Group), a leading facilitator of trade and logistics, has signed a Heads of Terms agreement with the Aqaba Development Corporation (ADC) that will see AD Ports Group take on the establishment of a state-of-the-art cruise terminal at Marsa Zayed in Aqaba. It will be the first facility to be ...
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20 December
UAE-Bahraini nanosatellite set for December 21 launch
ABU DHABI / WAM The joint UAE-Bahraini nanosatellite Light-1 will be launched to the International Space Station on December 21. It represents a major milestone of cooperation in space science, technology and engineering between the UAE and Bahrain. The nanosatellite was built and designed in collaboration between UAE Space Agency and Bahrain’s National Space Science Agency (NSSA). It is a ...
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20 December
Dubai to witness sustained economic growth in 2022
Dubai / Gulf Time Dubai economy is expected to see sustained economic growth in 2022 supported by an expected uptick in business activity in the tourism and retail sectors, according to new analysis from Dubai Chamber. The data insights, released during a business seminar titled The Road Ahead: UAE and Dubai Economic Outlook and Opportunities in Dubai Exports, pointed ...
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20 December
Alpha Dhabi to invest $273m in Adnoc chemicals project, Ta’ziz
Abu Dhabi / Gulf Time Alpha Dhabi Holding PJSC (ADH), the Abu Dhabi-based conglomerate and ADX-listed company, has announced that it will be investing about AED 1 billion ($27 million) in the Abu Dhabi Chemicals Derivatives Company RSC Ltd, known as Ta’ziz. This step comes as part of Alpha Dhabi Holding’s expansion plans and future strategy announced last week ...
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20 December
Adaa migrates its data centre to G42 Cloud
Abu Dhabi / WAM The Abu Dhabi Accountability Authority (Adaa) has become the first government entity to move its data centre to the G42 Cloud and expand its artificial intelligence (AI) capabilities across its digital operations. The move is in line with the emirate’s leadership directives to achieve the highest levels of integrity and continuously improve best governance practices. ...
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19 December
ERC to expand scope of health beneficiaries
Abu Dhabi / WAM The Emirates Red Crescent (ERC) has launched a donation campaign, both inside and outside the country, aimed at enlarging the scope of beneficiaries of its health services and improve the quality of available services. Dr Mohammed Ateeq Al Falahi, ERC Secretary-General, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region ...
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19 December
Adaa is first government entity to migrate its data centre to cloud
Abu Dhabi / WAM The Abu Dhabi Accountability Authority (Adaa) has become the first government entity to move its data centre to the G42 Cloud and expand its artificial intelligence (AI) capabilities across its digital operations. The move is in line with the emirate’s leadership directives to achieve the highest levels of integrity and continuously improve best governance practices. ...
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19 December
UAE condemns Houthi attempt to target Khamis Mushait, Abha Airport
ABU DHABI / WAM The United Arab Emirates has strongly condemned the Houthi terrorist militias’ attempts to attack civilians and civil objects in Khamis Mushait and Abha International airport in Saudi Arabia, with a bomb-laden drone, which was intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated ...
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