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ABU DHABI/ WAM The Central Bank of the UAE (CBUAE) joined the “AFAQ” Payments System, which is operated by the Gulf Payments Company (GPC) and owned by the GCC Central Banks. AFAQ, a system linking payment systems in GCC countries, offers the service of executing financial transactions in local currencies to customers in the GCC countries in real-time with lower ...

ABU DHABI/WAM Abu Dhabi Airports, the operator of five commercial airports in the emirate of Abu Dhabi, revealed today the establishment of an exchange programme with Shanghai Airport Authority (AVINEX), that recognises common interests between the two parties, as well as capitalising on opportunities of collaboration in the aviation sector. The agreement was announced through a Memorandum of Understanding (MoU) ...

DUBAI / WAM The activities of the “Arab Plast 2023” exhibition, the largest plastics and petrochemicals exhibition in the Middle East and North Africa, begins today at the Dubai World Trade Centre, with the participation of the industry’s main players from the GCC, regional and international petrochemicals and plastics manufacturers, The event, which is held under the patronage of Sheikh ...

DUBAI / WAM Nasdaq Dubai has welcomed the first Sukuk listing by the Republic of the Philippines, “ROP Sukuk Trust”, underscoring the exchange’s reputation as the preferred choice for sovereign issuances. The Republic of the Philippines has chosen Nasdaq Dubai to list its maiden sukuk worth $1 billion of Trust Certificates due in 2029. The debut listing solidifies the exchange’s ...

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah, honoured 16 individual and corporation winners of the Future Pioneers Awards (FPA) at BEEAH Group headquarters. The awards ceremony was held in recognition of the participants’ outstanding achievements and innovative contributions to sustainability across FPA’s three main categories: individuals, groups, and corporations. The latest ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced Dr Mohamed El-Erian, President of Queens’ College at Cambridge University, as the winner of the first Great Arab Minds (GAM) award in the economics category, in recognition of his incredible contributions to the field of economics ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri decree forming the Sharjah Consultative Council in the eleventh legislative term. The decree stipulates that the Sharjah Consultative Council, in its eleventh legislative term, shall be formed of the following: From Sharjah City, Jamila Mohammed Khalfan Al Shamsi; ...

DUBAI / WAM Jaggi Vasudev, popularly known as Sadhguru — the founder and head of the non-profit “Isha Foundation”, stated that the 28th Conference of the Parties (COP28) is an “effort to move the world towards a solution”. “When we talk about moving towards the solution, this is the way human beings do things. First, we think about it; then, ...

DUBAI / WAM Ukraine is participating in the 28th Conference of the Parties (COP28) after its successful participation in COP27 in Egypt. At the forefront of Ukraine’s representation are innovative green and wind energy projects. Ukraine aims to underscore the nation’s commitment to sustainable development and fulfilling its climate obligations. Through its pavilion in the Blue Zone, Ukraine is showcasing ...

DUBAI / WAM Ahmed Abuthaher, Palestine’s lead contact point with the UNFCCC, has announced that Palestine is participating for the first time with an independent pavilion at the 28th Conference of the Parties (COP28). The pavilion witnessed numerous discussions and sessions addressing the green economy, climate change and environment in Palestine, adaptation strategies, the impact of climate change on children ...