ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, has unveiled plans to invest US$35 billion in Egypt. ADQ will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments by a private consortium. As part of this investment, ADQ will also convert $11 billion ...
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ABU DHABI / WAM The aggregate capital and reserves of banks operating in the UAE increased 13.3 percent, reaching AED481.5 billion by the end of November 2023 compared to AED424.9 billion at the end of the same period of 2022, according to the Central Bank of the UAE’s (CBUAE) statistics. According to the CBUAE monthly report, the aggregate capital and ...
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ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed during a phone call with Dr. Arnoldo André Tinoco, Minister of Foreign Affairs and Worship of Costa Rica, bilateral ties and new avenues for collaboration, aimed at serving the mutual interests of both nations. During the call, the ministers discussed ways to further enhance ...
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ABU DHABI / WAM The World Trade Organization’s (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi next week is an opportunity for the organization to equip itself to meet the global challenges, Japanese Foreign Minister Yoko Kamikawa told the Emirates News Agency (WAM). MC13 is taking place as the rules-based multilateral trading system, with WTO at its core, faces multiple ...
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ABU DHABI / WAM The United Arab Emirates and Kenya have concluded negotiations on a Comprehensive Economic Partnership Agreement, ushering in a new chapter of trade relations between the two nations that will secure vital East and West supply chains, spur investment into priority sectors, and enhance market access for businesses on both sides. The CEPA will have significant positive ...
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ABU DHABI / WAM The General Administration of Abu Dhabi Customs revealed exceptional results in digital customs transactions through the ports of the Emirate of Abu Dhabi in 2023, recording a growth of 72 percent compared to 2022, achieving a significant increase and the highest rate since the beginning of the strategic transformation journey. Proactive and automated transactions accounted for ...
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ABU DHABI / WAM The economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, according to First Abu Dhabi Bank’s Global Investment Outlook (GIO) 2024 Report: ‘Making a positive impact’. Despite recent geopolitical headwinds and muted global recovery, FAB expects national and regional growth to be ...
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ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of its’ One Health ‘biosecurity programme, which aims to promote the integration of human, animal and plant health and the environment. The launch of the programme is in line with the wise leadership’s directives and international standards outlined in the Joint International Action ...
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ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated Sultan Hassanal Bolkiah Muʿizzaddin of Brunei Darussalam on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister ...
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ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Dr. Mohamed Irfaan Ali of the Cooperative Republic of Guyana on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour ...
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