March, 2024

• 26 March

  ADNIC shareholders approve cash dividends of 45% at Annual General Meeting

  

  ABU DHABI/ WAM Abu Dhabi National Insurance Company (ADNIC) has approved the distribution of 45 percent cash dividends (AED 0.45 per share, implying total cash dividends of AED 256.5 million) for the financial year ended 31st December 2023, after concluding its Annual General Meeting (AGM) today. Shareholders discussed and approved all items on the agenda for the AGM, including ADNIC’s ...

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• 26 March

  OPEC Secretary General calls for increased investments in oil industry to meet global energy demands

  

  ABU DHABI/ WAM Haitham Al Ghais, Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), emphasised the need for increased investments in the oil industry to meet global energy demands and sustain economic growth. He stressed that these investments are crucial for ensuring reliable energy supplies for current and future generations. In statements to Emirates News Agency (WAM), ...

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• 26 March

  UAE Embassy in Abidjan distributes food and iftar meals

  

  ABIDJAN/ WAM The UAE Embassy in Abidjan provided food packages for Ramadan and iftar meals to numerous residents in Anyama, a suburb of Abidjan, in coordination with official entities and institutions. Ali Yousef Al Nuaimi, UAE Ambassador to the Republic of Côte d’Ivoire, expressed his gratitude to the Emirates Red Crescent Authority for the initiative, stating, “The aid delivered reflects ...

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• 26 March

  UAE, Paraguay Presidents discuss bilateral relations, regional developments

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Santiago Peña, President of the Republic of Paraguay, spoke by telephone today to discuss bilateral relations, focusing particularly on development, the economy, trade, renewable energy, food security, and other key areas that support both nations’ aspirations towards sustainable development and prosperity. The two leaders affirmed ...

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• 26 March

  Bloom Holding Begins Construction Work at Phase Three of Bloom Living, Casares

  

  ABU DHABI/ GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Emirates Link Maltauro L.L.C. as the main contractor to carry out the construction work for Casares, phase three of Bloom Living, its fully integrated and all-inclusive residential community in Abu Dhabi. Casares comprises of units that range from two-and three-bedroom ...

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• 25 March

  UAE, Paraguay Presidents discuss bilateral relations, regional developments

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Santiago Peña, President of the Republic of Paraguay, spoke by telephone on Monday to discuss bilateral relations, focusing particularly on development, the economy, trade, renewable energy, food security, and other key areas that support both nations’ aspirations towards sustainable development and prosperity. The two ...

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• 25 March

  Rakez introduces HS&E Awards to honour companies

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (RAKEZ) introduced the HS&E Appreciation Awards to recognise companies’ dedication to Health, Safety, and Environmental practices. The initiative aims to promote compliance with regulations, enhance standards, and foster a culture of safety and sustainability within the economic zone. The awards encourage businesses to improve their HS&E practices and support Rakez’s ...

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• 25 March

  Mubadala acquires Kelix bio to expand life sciences ecosystem

  

  ABU DHABI / WAM Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, has entered into a definitive agreement to acquire Kelix bio, a specialty pharmaceutical business focused on delivering complex generics across emerging markets, to further strengthen the development of the UAE’s life sciences ecosystem, position the UAE as a global leader in the life sciences sector and ...

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• 25 March

  Sheikha Bodour lauds AUS Intercollegiate Ramadan sports tournament awards

  

  SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of American University of Sharjah (AUS), joined university student athletes from the UAE in celebrating their victories at the Intercollegiate Ramadan Sports Tournament 2024 awards ceremony, reaffirming AUS’ dedication to supporting athletic endeavours and promoting a sense of unity and camaraderie within the student community. Featuring competitions in basketball, volleyball ...

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• 25 March

  Gold rises on hopes for Fed rate cut in June, softer dollar

  

  WORLD CAPITALS / WAM Gold prices rose on Monday as renewed bets that the US Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion’s appeal, Reuters said. Spot gold was up 0.4% at $2,172.09 per ounce, as of 0350 GMT. Also, US gold futures climbed 0.6% to $2,173.40 per ounce. Spot silver gained 0.2% ...

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