October, 2024

• 27 October

  NMDC Group’s net profit hits AED2.2b by September 2024

  

  ABU DHABI/WAM NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has announced its financial results for the nine-month period ending 30th September 2024, reporting an impressive 68 percent growth in revenues and a 45 percent surge in net profits compared to the same period last year. The strong performance for the nine-month period ending 30th September ...

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• 27 October

  Shurooq announces 40%, 25% completion of LUX Al Jabal, LUX Al Bridi

  

  SHARJAH/WAM The Sharjah Investment and Development Authority (Shurooq), in partnership with The Lux Collective, has announced that 40 percent of the construction for LUX Al Jabal Resort in Khorfakkan and 25 percent of LUX Al Bridi Resort in the central region of Al Dhaid have been completed. With a total investment of AED320 million, both resorts are set for completion ...

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• 27 October

  Food Tech Valley inks deal with Badia Farms for hybrid farming

  

  DUBAI/WAM Food Tech Valley, a UAE-government-led initiative aimed at building a sustainable food ecosystem, has announced a 27-year strategic agreement with Badia Farms to implement hybrid models for growing premium fruits and vegetables year-round. The agreement was signed between Rashed Mohammad, Chief Real Estate Officer of Wasl, and Omar Al Jundi, Founder and CEO of Badia Farms, which is backed ...

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• 27 October

  UAE’s economy to grow over 5% in 2025: UBS Wealth Management

  

  ABU DHABI/WAM Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE’s GDP growth is expected to surpass 5 percent in 2025. Bolliger told the Emirates News Agency (WAM), during an online press briefing, that the optimistic growth outlook for the UAE economy aligns closely with recent estimates from the International Monetary Fund ...

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• 27 October

  Abu Dhabi Crown Prince to begin official visit to Singapore on Tuesday

  

  ABU DHABI/WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, will begin an official visit to the Republic of Singapore on Tuesday, at the invitation of Singapore’s Prime Minister. During the visit, His Highness will meet with Lawrence Wong, Prime Minister of Singapore, along with senior officials and CEOs from leading Singaporean companies in ...

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• 27 October

  UAE concludes participation in IMF, WBG annual meetings

  

  WASHINGTON/WAM The UAE, represented by the Ministry of Finance and the UAE Central Bank, concluded its participation in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Washington from October 21 to 26. The UAE delegation, led by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, included top officials from ...

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• 27 October

  MoCCAE discusses ways to boost agricultural productivity in Eastern Region

  

  KALBA/WAM The Ministry of Climate Change and Environment (MoCCAE) held a meeting with farmers from the Eastern Region, as part of its ongoing efforts to strengthen cooperation and communication with farmers across the country. The meeting aimed at exploring ways to enhance crop productivity and address the future needs of farmers. The meeting, which took place at the Hanging Gardens ...

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• 27 October

  Theyab bin Mohamed bin Zayed offers condolences on the passing of Ahmed Juan Al Dhaheri

  

  ABU DHABI/AD MEDIA OFFICE His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has offered condolences on the passing of Ahmed Rashed Juan Al Dhaheri. His Highness attended the mourning majlis in Al Bateen, Al Ain City, and extended his deepest sympathies to the family for their ...

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• 27 October

  UAE President launches Erth Zayed Philanthropies to advance legacy of Sheikh Zayed, mark a new era in nation’s philanthropic journey

  

  ABU DHABI/WAM With a vision to expand the UAE’s role in global humanitarian and development efforts, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued a Federal Decree to establish Erth Zayed Philanthropies, also to be known as “Erth Zayed.” The newly established philanthropic entity will consolidate major global efforts carried out under the patronage ...

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• 27 October

  Hamdan bin Mohammed directs organising ‘Mohammed Bin Rashid Leadership Forum’ annually

  

  DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council, has issued directives to establish the Mohammed Bin Rashid Leadership Forum as an annual event. The decision follows the success of the inaugural edition of the event, which was attended by His Highness Sheikh ...

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