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ABU DHABI / WAM Hamid AlZaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT), has announced that the UAE has made significant progress in combating money laundering and terrorist financing in the past year. The Financial Action Task Force (FATF) commended the country’s progress during its latest meeting. The Executive Office is working closely with ...

SHARJAH / WAM The winners of the 26th session of the 20th edition of the Sharjah Award for Arab Creativity (SAAC) — First Edition, held under the patronage of HH Dr Sheikh Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, were honoured at a ceremony in Amman, Jordan. The event was organised by the Department of ...

ABU DHABI / WAM TheUAE and the Kingdom of Cambodia have finalised the terms of a Comprehensive Economic Partnership Agreement (Cepa), paving the way for a new era of trade and investment cooperation between the two nations. The successful conclusion of negotiations was confirmed with the signing of a joint statement by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister ...

SHARJAH / WAM His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri decree on the supplementary grant for the insured beneficiaries and salaried persons in the emirate of Sharjah. The decree stipulates that eligible beneficiaries of insured persons under the Sharjah Social Security Fund and those receiving salaries from ...

DUBAI / WAM Emirates Islamic, a leading Islamic financial institution in the UAE, has reported a record net profit of AED601 million for the first three months of 2023, reflecting a remarkable increase of 76% year-on-year. The bank’s total income surged by 74%, driven by higher core revenues due to improved financing and deposit mix with higher profit rates, coupled ...

ABU DHABI / WAM Under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, the Ministry of Tolerance and Coexistence is set to celebrate International Workers’ Day with all workers in the UAE. The event will take place at Manarat Al Saadiyat in Abu Dhabi on Sunday and will be attended by several ministers, senior ...

SHARJAH / WAM Expo Centre Sharjah and Microtec Educational Services have joined forces to bolster cooperation in the educational and professional exhibitions and conference sectors. The two entities signed a partnership agreement to organise events jointly at the International Education Show hosted by the centre in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), the Ministry of Education ...

BLOOMBERG The European Union (EU) reached a deal to spur the use of more climate-friendly jet fuels in a bid to gradually start bringing the aviation sector in line with its green goals. Negotiators from the European Parliament and member states agreed that the share of sustainable aviation fuels made available in the region’s airports should total 6% by 2030, ...

BLOOMBERG ANA Holdings Inc reported operating income of 120 billion yen ($897 million) for the  full year through March, its first annual profit since the 12 months ended on March 2020 thanks to a rebound in travel demand. Japan’s biggest airline also gave a better-than-expected forecast for the coming year, saying operating profit should rise to 140 billion yen, compared ...

BLOOMBERG Puma SE reported rising sales on demand for sneakers in Europe and its first growth in China in two years, while cautioning that profit margins will remain under pressure from higher costs. Revenue climbed 14% to €2.19 billion ($2.41 billion) in the first quarter, the company said, slightly ahead of the average analyst estimate. Still, the gross margin narrowed ...