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ABU DHABI / WAM Sandooq Al Watan and Emirates NBD have signed a memorandum of understanding (MoU) under which the bank’s business incubator will join the National Incubator Network. The agreement aims to open new avenues for cooperation and expertise exchange, benefiting UAE entrepreneurs entering the business world. The MoU was signed by Yasser Al Gergawi, Director-General of Sandooq Al ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) announced that the total value of pension payments disbursed for December 2024 amounts to AED805,710,172.48, marking an increase of AED62,057,398 compared to December 2023, when the value of pensions totalled AED743,652,774.32. The pension payments are disbursed to 49,111 pensioners and beneficiaries, an increase of 1,817 from last December ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, received on Thursday at his office in Qasr Al Watan, Ruslan Zhaksylykov, Minister of Defence of the Republic of Kazakhstan. During the meeting, they discussed cooperation between the UAE and Kazakhstan and ways to strengthen ties across ...

DUBAI / GULF TIME The global wellness industry stands at the cusp of a significant transformation, with projections indicating it will exceed $1.3 trillion by 2025 (Global Wellness Institute, 2024). This remarkable growth signals a profound change in consumer preferences, as travelers crave more than luxury; they desire spaces that inspire personal transformation, promote longevity, and contribute to a more ...

DUBAI / GULF TIME Clinique La Prairie (CLP), global leader in longevity since 1931, announced in Dubai the LONGEVITY FUND, an endeavor to identify and invest in companies that revolutionize the landscape of aging, health, and wellbeing. The fund will focus on driving science-based advancements in longevity, guided by four core mission pillars: Medical Care, Nutrition, Movement, and Wellbeing. These ...

ABU DHABI/ WAM The Department of Community Development – Abu Dhabi (DCD), has announced the winners of the third edition of ‘Wyakom’, a pioneering platform aimed at identifying challenges and designing innovative solutions through active community participation. This edition follows the remarkable success of the previous two, which saw extensive community participation and led to the development of innovative solutions ...

DUBAI/WAM The Ministry of Human Resources and Emiratisation (MoHRE) has urged private sector companies, subject to Emiratisation policies, to meet their 2024 Emiratisation targets by December 31. The Emiratisation targets apply to companies with 50 or more employees, which must achieve a 2% increase in the Emiratisation of skilled positions by the end of this year. The same deadline applies ...

ABU DHABI/WAM Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million ($40 million) to support the completion of the Velana International Airport project in the Maldives. This follows an earlier loan of AED183.5 million ($50 million) provided in 2017 for the project’s initial phases, highlighting the airport’s vital role in driving tourism, a key ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, emphasised the importance of bold and innovative approaches to reinforce the UAE’s leading global position in sustainable development. Speaking at a meeting with prominent leaders, dignitaries and senior officials at Za’abeel Palace, in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a cable of condolences to President Ilham Aliyev of Azerbaijan, expressing his sympathies over victims of the air crash of the Azerbaijan Airlines passenger plane in Kazakhstan, which resulted in several deaths and injuries. President H.H. Sheikh Mohamed conveyed his wishes for a swift recovery to the ...