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World leaders to shape sustainable tourism future at ATM 2023

DUBAI / WAM Travel professionals and policymakers from across the globe will explore how the tourism sector is “Working Towards Net Zero” at the 30th edition of Arabian Travel Market (ATM), which will take place at Dubai World Trade Centre (DWTC) from May 1-May 4. The four-day event will feature over 150 speakers across 63 sessions, as policymakers and industry ...

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Dubai records over AED1b in real estate deals on one day   

DUBAI / WAM Dubai real estate market recorded 464 sales transactions worth AED827.14 million, in addition to 80 mortgage deals of AED236.13 million, and 9 gift deals amounting to AED14.26 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 417 villas and apartments worth AED687.67 million, and 47 land plots worth AED139.47 million. The mortgages ...

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Sharjah’s focus on heritage of Spain, Arab world highlighted

SHARJAH / WAM José Luis del Valle Merino, Director of the Royal Library of El Escorial, said that the common cultural legacy shared by Spain and the Arab world is underscored by Sharjah’s hosting of the Arabic Manuscript Collection of El Escorial. He added that “This event contributes to raising awareness of the library’s significance and its role in preserving ...

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President of UAE  receives phone call from Israeli PM

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Benjamin Netanyahu, Prime Minister of Israel, during which they discussed bilateral relations and ways to enhance them in a manner that serves common interests. His Highness affirmed the UAE’s ongoing commitment to bilateral relations with Israel, describing its cooperation as a ...

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Sheikh Abdullah, Kosovo PM discuss bilateral ties

PRISTINA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has met with Albin Kurti, Prime Minister of the Republic of Kosovo. During the meeting, which took place in Pristina, Kosovo, Sheikh Abdullah conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his wishes for further progress ...

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Abu Dhabi’s AD Ports secures $2b corporate facility with 13 banks

ABU DHABI / WAM AD Ports Group on Tuesday announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. The multi-currency facility, equivalent to around $2 billion, includes three tranches amounting to EUR 600 million, $620 million, and AED2,863 million with a tenure of up to 2.5 years. The demand for the ...

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ERC organises group iftar for cancer patients in Latakia

LATAKIA / WAM As part of Operation Gallant Knight 2 launched by the Ministry of Defence, the Emirates Red Crescent (ERC) organised a group iftar for several cancer patients and their families in Latakia Governorate, Syria, in cooperation with the Syrian Arab Red Crescent and the Farah Association for Supporting Children with Cancer. The initiative aims to provide moral and ...

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Opec fund contributes $40m to Uzbek wind farms

VIENNA / WAM The Opec Fund for International Development (Opec Fund) has entered into two separate loan agreements worth $20 million each with Acwa Power. The funds will be used to support the construction and operation of two wind power plants — the 500 MW Dzhankeldy wind farm and the 500 MW Bash wind power plant, located in the Bukhara ...

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India’s economy to grow by 6.4% in FY2023: ADB

NEW DELHI / WAM The Asian Development Bank (ADB) has projected growth in India’s gross domestic product (GDP) to moderate to 6.4% in fiscal year (FY) 2023 ending on March 31, 2024 and rise to 6.7% in FY2024, driven by private consumption and private investment on the back of government policies to improve transport infrastructure, logistics, and the business ecosystem. ...

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