April, 2024

• 4 April

  Marine Agency for Wooden Dhows facilitates entry of 3,000 wooden ships

  

  DUBAI / WAM The Marine Agency for Wooden Dhows has facilitated the entry of about 3,000 wooden ships during the first quarter of 2024, transporting over 390,000 metric tonnes of various materials and food items through Al Hamriya Port, Deira Wharfage and Dubai Creek. The accomplishment reflects the comprehensive efforts of the Ports, Customs and Free Zone Corporation (PCFC) to ...

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• 4 April

  EDB boosts industrial GDP, hits AED10.4b in funding since 2021

  

  ABU DHABI / WAM Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED10.4 billion, bringing its cumulative contribution to the nation’s industrial GDP impact to AED4.9 billion. The milestone results were presented at a ...

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• 4 April

  UAE banking sector sees AED25bn surge in new savings deposits

  

  ABU DHABI / WAM Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around AED25 billion to reach AED270.48 billion at the end of January 2024, compared to about AED245.54 billion in January 2023, with an annual growth of 10.2 percent, according to the latest statistics from the Central Bank of the UAE (CBUAE). The local currency, the ...

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• 4 April

  UAE leaders congratulate President of Senegal on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Bassirou Diomaye Faye of Senegal, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...

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• 4 April

  UAE partners with UN Climate Security Mechanism to advance climate, peace and security agenda

  

  NEW YORK/ WAM The United Arab Emirates, a long-standing advocate for climate, peace and security and addressing global challenges related to climate change, announced a new US$1.2 million partnership with the United Nations Climate Security Mechanism (CSM). The partnership entails a two-year annual contribution of US$600,000 from the UAE, demonstrating the nation’s commitment to strengthen the UN’s capacity to address ...

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• 4 April

  OPEC+ keeps current output policy unchanged

  

  VIENNA/ WAM The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and its allies, OPEC+, agreed to keep current oil production levels unchanged. During the meeting which took place via videoconference today, the JMMC reviewed the crude oil production data for the months of January and February 2024, ...

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• 4 April

  Masdar to host World Future Energy Summit on 16th April

  

  ABU DHABI/ WAM Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is gearing up to host the World Future Energy Summit (WFES). Taking place from 16th to 18th April at Abu Dhabi National Exhibition Centre (ADNEC), WFES is the world’s leading business event for future energy, clean technology and sustainability, with a packed programme of ...

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• 4 April

  Art of Living Mall Hosts Exclusive Sohour Night for Design Visionaries

  

  DUBAI/ GULF TIME In the midst of the Ramadan season, Art of Living Mall brought the creative visionaries within the community together, for an exclusive Sohour Night event. The special gathering was an evening of mutual inspiration, connection, and networking. The Sohour Night saw a celebration of the innovative spirit and boundless imagination that defines our design community. It was ...

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• 3 April

  Crown Prince of Abu Dhabi receives Crown Prince of Dubai

  

  ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, on Wednesday at Al Bateen Palace, where ...

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• 3 April

  Moody’s upgrades Adib’s Baseline Credit Assessment

  

  ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) received an upgrade to its Baseline Credit Assessment (BCA) from Moody’s as the ratings agency affirmed Adib’s credit ratings, indicating continued stability and improvement in the bank’s financial health. The upgrade in Adib’s BCA is attributed to the bank’s improved profitability, driven by higher margins and diversified revenue streams. Adib recorded ...

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