VIENNA / WAM The Opec Fund for International Development (the Opec Fund) and the European Bank for Reconstruction and Development (EBRD) are stepping up their delivery of support for development and transition with a new Cooperation Agreement. The institutions signed the document during the World Bank/IMF Spring Meetings in Washington and committed to build a strong pipeline of bankable projects ...
Read More »
ABU DHABI / WAM ADCB and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced an innovative new partnership with Bank of London and the Middle East (BLME) to bring digital UK banking to UAE nationals and residents through Nomo. Customers in the UAE can now open UK-based multi-currency current and savings accounts, as well as apply for ...
Read More »
LATAKIA / WAM In line with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, a third UAE aid ship, carrying over 2,000 tonnes, arrived at the Port of Latakia as part of the UAE’s post-quake recovery plan in Syria under “Operation Gallant Knight / 2’’. The Ministry of Defence’s Joint Operations Command announced the largest aid ...
Read More »
SHARJAH / WAM Expo Centre Sharjah kicked off 2023 with a bang, setting the stage for a thriving exhibition sector in the Emirate of Sharjah. The first quarter of the year saw a flurry of activity at the centre and its affiliated centres in Khorfakkan and Al Dhaid, with a plethora of major local and international exhibitions and events taking ...
Read More »
ABU DHABI / WAM Abdullah Al Mazrouei, Chairman of the Federation of the UAE Chambers of Commerce and Industry (UAE Chambers), and Chairman of the Abu Dhabi Chamber of Commerce and Industry, affirmed the strength of the UAE-Brazilian relations in various sectors, driven by the support of the two countries’ leadership, which reflected positively on the levels of bilateral trade, ...
Read More »
ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation discussed over a joint phone call with His Highness Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, and Anthony Blinken, US Secretary of State, the current situation in the Republic of Sudan. The ...
Read More »
DUBAI/ WAM Dubai Police, through the General Department of Forensic Science and Criminology, has successfully integrated its Ballistic Identification Network with Interpol’s database. This remarkable scientific achievement in forensic sciences enhances Dubai Police’s ability to compare over 1,800,000 ballistic fingerprints worldwide in under an hour. Major General Ahmad Thani bin Ghalita, Director of the General Department of Forensic Science and ...
Read More »
DUBAI / WAM In recognition of its efforts in promoting the transition towards renewable and clean energy, Dubai Electricity and Water Authority (Dewa) has won the Hydrogen Project of the Year 2023 Award for its green hydrogen project at the Mohammed bin Rashid Al Maktoum Solar Park. This was part of the Hydrogen Future Awards 2023, organised during the Connecting ...
Read More »
WASHINGTON / WAM The UAE, represented by the Ministry of Finance, participated in the meeting of finance ministers, central bank governors, and heads of regional financial institutions in the Middle East, North Africa, Afghanistan and Pakistan (Menap) region. The meeting was held on the sidelines of the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary ...
Read More »
DUBAI / GULF TIME Abu Dhabi Islamic Bank (Adic) has become the first Islamic bank to go live on the UAE KYC (Know Your Customer) Blockchain Platform, a national ecosystem for the exchange of verified KYC data between licensing authorities and financial institutions. Dubai’s Department of Economy and Tourism (DET) launched the initiative in 2020 in partnership with a group ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.