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Adnoc attracts local, foreign direct investments via ICV programme

ABU DHABI/WAM As part of its commitment to advancing the UAE’s manufacturing industry, ADNOC continues to attract local and foreign direct investment through strategic commercial agreements enabled by its successful In-Country Value (ICV) programme. Dr Saleh Al Hashimi, Director of ADNOC’s Commercial and ICV Directorate; Ali Foolathi, ADNOC Senior Vice President – Procurement Excellence & In-Country Value; and Jasim Saeed, ...

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UAE innovates to aid communities affected by disasters worldwide

ABU DHABI/WAM The United Arab Emirates has established itself as one of the world’s fastest responders to natural disasters and humanitarian crises, developing innovative approaches that have left a lasting humanitarian impact on millions of lives around the world. From the devastating earthquake in Myanmar to the catastrophic cyclone that hit Libya’s Derna, and from the destructive earthquakes in Syria ...

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Global financial leaders discuss future of financial governance at AIM Investment Summit

ABU DHABI / WAM The AIM Investment Summit hosted a roundtable discussion on shaping the future of global financial governance amid international economic challenges, currency multipolarity, and diverging monetary policies across advanced and emerging economies. The session gathered central bank governors, financial leaders from various countries, global experts, and decision-makers. The discussion focused on several key themes, most notably the ...

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AIM Investment Summit explores pathways to financial market integration

ABU DHABI / WAM The AIM Investment Summit hosted a high-level session featuring CEOs and senior officials from leading stock exchanges and financial market authorities around the world. The discussion focused on addressing regulatory challenges, enhancing the integrity of financial markets, expanding access to emerging markets, and advancing ESG (Environmental, Social, and Corporate Governance) standards in a rapidly evolving global ...

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FZA gains record performance in past year

AJMAN / WAM Free Zones Authority of Ajman (FZA) announced exceptional financial and operational results for the year 2024, a testament to the efficacy of its forward-looking economic vision and proactive strategies aimed at diversifying key sectors and enhancing the investment climate within the emirate. Fuelled by a significant rise in the number of investors and the expansion of diverse ...

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Rabdan Academy integrates virtual reality into academic programs

ABU DHABI / AD MEDIA OFFICE Rabdan Academy has officially launched an initiative to integrate advanced virtual reality (VR) technologies into its academic programmes. This transformative step is set to create an immersive and interactive learning environment, equipping students with cutting-edge skills that align with the demands of the digital age. As part of the initial phase, the academy has ...

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MoI, UNCTAD sign pact to strengthen investment ties

ABU DHABI / WAM The UAE Ministry of Investment (MoI) and UN Trade and Development (UNCTAD) have signed a memorandum of understanding (MoU) to strengthen cooperation in investment policymaking, research, and sustainable economic development. This partnership underscores the UAE’s commitment to harbouring an investment-friendly environment and reinforcing its role as a global business hub; and aligns with UNCTAD’s commitments to ...

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Presight unveils ‘Presight LifeSaver’ for smart crisis response

ABU DHABI / WAM Presight, the company specialising in big data analytics powered by artificial intelligence, on Tuesday announced the launch of its comprehensive platform, “Presight LifeSaver,” for smarter emergency and crisis response. Launched during the World Crisis and Emergency Management Summit, the platform combines the latest AI technologies, big data analytics, and real-time insights into a unified system that ...

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AD Ports Group signs lease agreement with TW Steel

ABU DHABI /WAM AD Ports Group on Tuesday announced the signing of a 10-year lease agreement with TW Steel, a distinguished provider of prefabricated structures to deliver innovative containerised fabrication solutions, container maintenance and repair services at Khalifa Port. These solutions and services will bring flexible and sustainable solutions tailored to the specific needs of shipping lines and container operators ...

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UAE, India mark three years of comprehensive economic partnership

ABU DHABI / WAM The United Arab Emirates and the Republic of India continue to witness growing and dynamic economic relations, built on longstanding historical ties and driven by their Comprehensive Economic Partnership Agreement (CEPA), which has significantly boosted economic growth and created new trade and investment opportunities for both business communities. On May 1, the UAE and India will ...

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