ABU DHABI / WAM Adnoc and Baker Hughes announced on Wednesday an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen, as well as graphene. The agreement, which follows a strategic technology collaboration agreement signed between the two companies in November 2022, will see Adnoc collaborate with Baker Hughes as a strategic partner to ...
Read More »
ABU DHABI / WAM Dr Khaled Hanafi, Secretary-General of the Union of Arab Chambers, said the UAE had become a centre for foreign investments, leading Arab, regional and global rankings in attracting investments. In a statement to the Emirates News Agency (WAM) on the sidelines of the Annual Investment Meeting (AIM) 2023, Hanafi stressed that business owners in the Arab ...
Read More »
DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No (30) of 2023 appointing Hadi Mohammed Taher Mohammed Badri as the Executive Director of the Dubai Economic Development Corporation. His Highness also issued Executive Council Resolution No (31) of 2023 appointing ...
Read More »
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 ...
Read More »
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 ...
Read More »
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, ...
Read More »
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 ...
Read More »
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 ...
Read More »
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 ...
Read More »
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, ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.