DUBAI / WAM The Dubai Integrated Economic Zones Authority (DIEZ) announced strong annual results for 2025, reporting a 19.4 percent increase in revenue and a 17.8 percent rise in net profit compared to 2024. These results underscore the resilience of its operating model and the strength of its integrated economic ecosystem. DIEZ’s robust performance was driven by improved operational efficiency …
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WASHINGTON / WAM Water was a top priority at the 2026 Spring Meetings of the World Bank Group and the International Monetary Fund, held in Washington, DC. The spotlight on water was driven by the launch of World Bank Group’s new global initiative, Water Forward, as well by the UAE delegation on water, led by Abdulla Balalaa, Assistant Minister of …
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ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas and the world’s biggest producer of ‘premium aluminium’, today announced its intention to acquire an 80 percent stake in Italian aluminium recycling company Eco Green. The acquisition, which remains subject to regulatory approvals, marks the latest milestone in EGA’s global expansion …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, accompanied by His Highness Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah. During the meeting, Their Highnesses reviewed a number of issues …
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DUBAI / WAM The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), part of the Dubai Department of Economy and Tourism (DET), has partnered with noon Food to drive the growth and competitiveness of Emirati-owned small and medium-sized enterprises (SMEs) in the food and beverage (F&B) sector through a broad range of support mechanisms, including tailored …
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ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, has chaired the meeting of the Ministerial Development Council, held in Abu Dhabi. The meeting reviewed the progress in implementing government programmes and initiatives and discussed proposals to enhance efficiency in multiple sectors. The meeting agenda featured …
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DUBAI / GULF TIME Recent travel trends indicate a growing interest in multigenerational vacations. According to the latest data for 2026, 31% of holidaymakers plan to travel with their families, often including multiple generations. Gen Z and Millennials are increasingly embracing trips that span generations, with 51% of Gen Z adults reporting that they have travelled with their parents. For …
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ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, received a phone call from Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Minister of Foreign Affairs of the sisterly State of Kuwait. During the call, Sheikh Jarrah Al-Sabah condemned the terrorist plot that aimed to undermine national unity and stability in the United …
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NEW YORK / WAM Gold and silver prices retreated on Tuesday as a rallying US dollar dampened demand for bullion, with gold continuing its descent from a multi-day low hit in the previous session. Spot gold fell 0.2% to $4,807.91 per ounce by 02:17 GMT, extending a downward trend after touching its lowest level since 13 April on Monday. Meanwhile, …
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RAS AL KHAIMAH / GULF TIME Across all products and services for our Corporate, SME, and Retail Clients. We remain open for business, supporting customers through short-term disruption while continuing to support their long-term ambitions. All-time high quarterly profit after tax Supported by industry leading net interest margin of 4.0% & CASA ratio of 65.6% and boosted by the gain …
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