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ABU DHABI / WAM Adnoc has announced its intention to float a 15% minority stake in Adnoc Logistics & Services (Adnoc L&S), its mission-critical global energy maritime and integrated logistics leader, on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, subject to regulatory approvals and other relevant considerations. Adnoc L&S is a vital ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Wednesday announced the international debut of “A Call From Space,” a live call series hosted by Sultan AlNeyadi. From the International Space Station (ISS), in the State of Mauritius, in line with the recently signed memorandum of understanding (MoU) with Mauritius, aimed at supporting the space sector of the ...

DUBAI / WAM Emirates NBD has announced that four of its branches in the UAE and KSA have achieved LEED Platinum and LEED Gold certifications. The Emirates NBD Mall of the Emirates (MOE) branch in Dubai is now the first LEED Platinum ID+C V4 bank in the Mena region and the first Arab bank branch globally to obtain this certificate, ...

DUBAI / WAM Traffic at Dubai International (DXB) has reached 95.6% of 2019 levels with passenger numbers exceeding 21.2 million in the first quarter of the year. This follows DXB’s strong showing in 2022, during which the airport clocked 66 million passengers to retain its position as the world’s busiest international hub for the ninth year running. DXB’s passenger traffic ...

DUBAI / WAM The Commercial Bank International (CBI) has released its financial results for the first quarter of 2023 in Dubai. The financial highlights include a 65% year-on-year increase in net profit from AED20.6 million in Q1 2022 to AED34 million in Q1 2023, a 33% year-on-year increase in net operating income from AED111 million in Q1 2022 to AED148 ...

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the second edition of the World Utilities Congress. Held under His Highness’ patronage, the global networking and knowledge exchange platform is hosted by Taqa and held at Abu Dhabi National Exhibition ...

ABU DHABI / WAM Abu Dhabi’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and OurCrowd Arabia, the Abu Dhabi based subsidiary of Israel’s OurCrowd, announced the signing of a memorandum of understanding (MoU) to jointly create and manage several initiatives aiming to accelerate and catalyse the growth of the AI technology ecosystem on the university’s campus in Masdar City, ...

ABU DHABI / WAM Mensha Ventures signed a memorandum of understanding with its strategic partners from China, including the Asia Development and Investment Bank (ADIB), Hoover Investment Group, and Shenzhen Sinomaster Investment Group (SMT), to jointly invest $1 billion in green energy infrastructure projects in the region. The MoU was signed on the sidelines of the Annual Investment Meeting which ...

Zayed University (ZU) held a special appreciation ceremony to recognise charitable institutions and organisations for their contributions to higher education. Donors were recognised for their ongoing support of students’ educational needs. Among the initiatives supported in the 2022/2023 academic year were monthly stipends for 346 students to cover transportation costs, food, and other necessities, as well as providing 76 students ...

SHARJAH / WAM  His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Board of Trustees (BoT) of the Sharjah Academy for Maritime Transport, chaired on Tuesday the first meeting of the academy’s Board of Trustees in his office at the academy in Khorfakkan. During the meeting, HH welcomed the members ...