September, 2024

• 13 September

  ADX logs large direct deal on IHC worth AED4.38 billion

  

  ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw on Friday a large direct deal executed on the stocks of International Holding Company (IHC). According to market data, the trade was executed on 10.7 million shares with a value over AED4.38 billion at an execution price of AED409.3 per share. Large Direct transactions are deals executed outside the order book ...

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• 13 September

  UAE leads globally in cybersecurity, earning ‘Pioneering Model’ title

  

  ABU DHABI/WAM The United Arab Emirates has achieved a new milestone in the field of cybersecurity, as the International Telecommunication Union ranked it in the top global category (Pioneering Model) according to the 2024 Global Cybersecurity Index. The UAE, represented by the Cybersecurity Council, met all 80 criteria of the index, achieving a 100% success rate. This ranking reflects the ...

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• 13 September

  Dubai Taxi awarded 300 new plates, expanding fleet to 6,000

  

  DUBAI/WAM Dubai Taxi Company today announced that it had been awarded 300 new plates at the latest Dubai’s Roads and Transport Authority (RTA) auction, solidifying its position as Dubai’s largest taxi operator. The award increases DTC’s taxi fleet to almost 6,000 vehicles, increasing its taxi market share to 46% and demonstrating its commitment to serving the growing demand for sustainable ...

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• 13 September

  ‘VeraViews’ launches in UAE under Ministry of Economy’s NextGen FDI Programme

  ABU DHABI/WAM The Ministry of Economy has announced that VeraViews will be incorporated in the UAE under the NextGen FDI initiative. VeraViews is a pioneering new digital advertising platform that uses distributed ledger technology to verify advertising views, eliminate the dissemination of harmful content and prevent bad actors from using the media supply chain to fund ad scams and extremist ...

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• 13 September

  UAE’s banking sector net international reserves increase by 8.1 percent in H1 2024

  

  ABU DHABI/WAM Net international reserves of the UAE’s banking sector increased by 8.1 percent, or AED92.3 billion, during the first half of 2024 (H1 2024), reaching AED1.238 trillion at the end of June, compared to AED1.145 trillion at the end of the same period last year. The Central Bank of the UAE’s June statistical bulletin, issued today, showed that the ...

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• 13 September

  WHO clears Bavarian Nordic’s vaccine as first mpox shot

  

  GENEVA/WAM The World Health Organisation said on Friday it had cleared Bavarian Nordic’s mpox vaccine, the first such shot to be approved by the agency for containing the spread of the disease in badly hit African countries, Reuters reported. The approval, known as a pre-qualification, comes as a new type of the virus spreads from the Democratic Republic of Congo ...

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• 13 September

  Under the patronage of Hamdan bin Zayed, 22nd Abu Dhabi International Hunting and Equestrian Exhibition to take place in the emirate

  

  ABU DHABI/AD MEDIA OFFICE Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in the Al Dhafra Region and Chairman of the Emirates Falconers’ Club, the 22nd Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will take place from  August 30 to September 7, 2025 at ADNEC Centre Abu Dhabi. The upcoming edition is expected ...

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• 13 September

  Chaired by Abdullah bin Zayed, COP29 Preparatory Committee discusses UAE’s plans, initiatives

  

  ABU DHABI/WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Preparatory Committee for the UAE’s Participation in COP29, has stressed the importance of following up on the implementation of the historic UAE Consensus to keep global temperature rise below 1.5 degrees Celsius. This came as Sheikh Abdullah chaired the committee’s ...

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• 13 September

  Fred Frost envisions a world where novice traders will have an equal chance at success

  

  GULF TIME Trading, once an exclusive club for Wall Street bigwigs and high-flying financiers, has now been opened up to everyone. Leading the charge in this democratization of trading is Fred Frost and his innovative training platform. While relatively fresh on the scene, this venture has already been making waves with its effort to break down the old barriers, making ...

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• 13 September

  Integrated Transport Centre launches Green Bus Services

  

  ABU DHABI/WAM In a groundbreaking move towards a sustainable future, the Integrated Transport Centre (Abu Dhabi Mobility) of the Department of Municipalities and Transport has announced the launch of its cutting-edge Green bus service starting on Thursday. These buses are powered by clean hydrogen and electric energy. The initiative marks a significant milestone in the Green Bus Programme, developed by ...

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