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ADX’s market capitalisation rises 25% to reach AED2trn

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX)’s market capitalisation opened above AED2 trillion ($545 billion) for the first time in its history, marking a landmark milestone that has made the region’s youngest exchange, the second largest in the Middle East in just two decades. The 25 percent year-to-date spike in the exchange’s market capitalisation was bolstered ...

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UAE, Japan to strengthen cooperation in key areas

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, has held series of high-level meetings with senior Japanese government and business leaders, to strengthen economic, energy and industrial cooperation between the UAE and Japan and drive low carbon growth opportunities. The meetings also focused on the ...

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Masdar City, Dana sign pact to advance food security in UAE

  Abu Dhabi / WAM Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, and Dana, the Abu Dhabi-based venture builder and investment platform, have signed a memorandum of understanding (MoU) to advance food security at the national level, contribute to agritech sustainability, and support the UAE in meeting key objectives in line with the National ...

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Green deal sparks clash by EU as war squeezes energy

  Bloomberg European Union (EU) lawmakers sparred over how to design the bloc’s ambitious climate policies, underscoring the challenge of implementing binding climate-neutrality goals amid a war and unprecedented energy price spikes. Some European Parliament members, predominantly in the Socialist, Liberal and Green political groups, are seeking to further toughen proposals by the European Commission, while others, led by Christian ...

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Germany prepared to boost Baltic troop presence: Scholz

Bloomberg Chancellor Olaf Scholz said Germany is ready to deploy more troops to the Baltics as part of a Nato effort to build up its eastern flank in the face of Russia’s invasion of Ukraine. Baltic leaders had urgently pushed for an increased troop deployment to mount a stronger defense against a Russian threat — and the German move would ...

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UAE condemns blasphemous remarks against Prophet in India

  Abu Dhabi / WAM The United Arab Emirates has condemned statements by the spokesperson for the Indian Bharatiya Janata Party, expressing its denunciation and rejection of insults of the Prophet Muhammad, peace and blessings be upon Him. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s firm rejection of all practices and behaviors ...

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Adafsa hosts training workshop on food security for 27 countries

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) hosted the “Regional training workshop on strategic planning and policy development in food security” in Abu Dhabi in collaboration with the Islamic Organisation for Food Security (IOFS). The training workshop was attended by representatives of 27 countries, including the UAE, Bahrain, Jordan, Kuwait, Lebanon, Oman, Palestine, ...

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UAE, Cuba ink deal to enhance cooperation in higher education

  ABU DHABI / WAM The Ministry of Education signed a memorandum of understanding (MoU) with the Ministry of Higher Education of Cuba, aimed at enhancing their cooperation in higher education and scientific research. The MoU was signed by Dr Mohammed bin Ibrahim Al Mualla, Under-Secretary of the Ministry of Education for Academic Affairs, and Walter Baluja Garcia, First Deputy ...

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ADGM issues amendments to its legislative framework

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) has issued new off-plan sales register regulations to regulate off-plan sales of real estate development projects, along with its fees’ rules. These new regulations aim to enhance the confidence of investors and ADGM customers in real estate development projects on Al Maryah Island by creating a register for reservation agreements ...

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Aldar launches third edition of Manassah programme

  Abu Dhabi / WAM Aldar Properties launched the third cycle of its Manassah programme — a six-month incubator, aimed at cultivating entrepreneurial talent and advancing retail concepts in the UAE to become part of Aldar’s thriving retail portfolio. The programme is held in partnership with startAD, the global startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi. ...

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