September, 2024

• 6 September

  ADFD joins first Arab Coordination Group meeting in Kazakhstan

  

  ASTANA / WAM Abu Dhabi Fund for Development (ADFD) participated in a roundtable meeting of the Arab Coordination Group (ACG) in Astana. Held at the invitation of the Government of the Republic of Kazakhstan, the meeting marked the first-ever formal engagement between the ACG and Kazakhstan. Key members of ACG include ADFD, the Islamic Development Bank (IsDB), Saudi Development Fund, ...

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• 6 September

  UAE leads way on International Day of Charity, offering support to Gaza

  

  ABU DHABI/WAM Marking the International Day of Charity, the UAE continues to enhance its leading role in supporting humanitarian causes worldwide, with a particular focus on Operation Chivalrous Knight 3 in Gaza. The initiative, launched in response to the challenging conditions faced by residents of the Gaza Strip, epitomises the UAE’s spirit of giving, as it provides round-the-clock relief and ...

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• 6 September

  Emirates Steel Arkan rebrands as EMSTEEL to drive global growth

  

  ABU DHABI / WAM Emirates Steel Arkan, the UAE’s largest publicly listed steel and building materials company, has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence. The new brand identity and operating model were officially launched at an event in Abu Dhabi, attended by high-ranking dignitaries and over 400 ...

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• 6 September

  UAE President: The nation has taken another significant step on the journey towards net zero

  

  ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan said on Thursday the UAE has taken a significant step towards net zero as operations at Unit 4 of the Barakah Nuclear Energy Plant start. His Highness Sheikh Mohamed wrote on X, “With the start of operations at Unit 4 of the Barakah Nuclear Energy ...

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• 5 September

  Ducab doubles production, boosts Operation 300bn

  

  DUBAI / WAM Ducab Metals Business (DMB), a subsidiary of Ducab Group, announced on Thursday the doubling of its annual production capacity for aluminium from 55,000 tonnes per annum to 110,000 tonnes per annum and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products. This expansion strengthens DMB’s position in the international metals ...

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• 5 September

  NMDC Energy IPO closes 31.3 times oversubscribed

  

  ABU DHABI / WAM NMDC Group, a leader in engineering, procurement, construction, and marine dredging, on Thursday announced the successful closing of the Initial Public Offering (IPO or Offering) of NMDC Energy, which was oversubscribed by 31.3 times excluding the cornerstone tranche. The offering attracted exceptional investor interest, generating total gross demand of AED88 billion. The offering of 1.15 billion ...

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• 5 September

  Abdullah bin Zayed, Muhannad Hadi discuss humanitarian response in Gaza

  

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met with Muhannad Hadi, Deputy Special Coordinator and Resident Coordinator, Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO). During the meeting, which was held in Abu Dhabi, Sheikh Abdullah and Hadi discussed the overall developments ...

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• 5 September

  Abu Dhabi Police, EAD to enhance environmental initiatives

  

  ABU DHABI / WAM The General Command of Abu Dhabi Police and the Environment Agency – Abu Dhabi (EAD) signed a memorandum of understanding to help protect the environment in the emirate. As part of the MoU, the two organisations will work together to enforce legislation to conserve and raise awareness of the environment, and work towards adopting sustainability practices ...

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• 5 September

  Sukoon acquires Chubb’s UAE’s insurance portfolio

  

  ABU DHABI / WAM DFM-listed Sukoon announced that it has finalised the acquisition of the UAE life insurance portfolio of Chubb Tempest Life Reinsurance. The transfer, which includes unit-linked insurance policies and life insurance policies, has been approved by the relevant regulatory authorities, including the Central Bank of the UAE and the Bermuda Monetary Authority, the company said in a ...

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• 5 September

  Dubai Culture launches ‘Talent Atelier’ programme for Emirati designers

  

  ABU DHABI / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced the launch of the 1st edition of ‘Talent Atelier’ programme, organised in collaboration with L’ÉCOLE Middle East, School of Jewelry Arts supported by Van Cleef & Arpels. The programme aligns with Dubai Culture’s efforts to strengthen the cultural and creative industries, reinforcing the emirate’s position as a ...

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