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ABU DHABI / WAM The Zayed Humanitarian Legacy Initiative will allocate AED20 billion (US$5.45 billion) over 10 years in support of institutions and projects working to deliver aid, address inequality, and advance sustainable development solutions, the International Humanitarian and Philanthropy Council said today. The Council, chaired by H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the ...

ABU DHABI / WAM The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). This represents an annual increase of AED58.2 billion, or 13.3%, from AED438.6 billion in January 2023. On a monthly basis, ...

ABU DHABI / WAM The Joint Operations Command of the Ministry of Defence announced the implementation of the 25th airdrop of humanitarian and relief aid as part of the “Birds of Goodness” operation. Two C17 aircraft belonging to the UAE Air Force and two C295 aircraft belonging to the Egyptian Air Force participated in the airdrop operation. The airdrop was ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a Federal Decree appointing Faisal Abdulaziz Mohammed Al Bannai as Advisor to the UAE President for Strategic Research and Advanced Technology Affairs.

ABU DHABI / WAM The 15th group of wounded Palestinian children and cancer patients arrived in the UAE on Friday in implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to provide medical treatment for 1,000 injured children and 1,000 cancer patients from the Gaza Strip at the UAE’s hospitals. Departing from Al Arish International ...

MADINAH / WAM Over 20 million worshippers visited the Prophet’s Mosque in Madinah during the first 20 days of Ramadan, reported the Saudi Press Agency (SPA). According to SPA, 1,643,288 individuals visited the Prophet’s grave, while Al-Rawda Al-Sharifa received a total of 358,632 men and 296,595 women during this period. These remarkable figures underscore the commitment of the General Authority ...

MAFRAQ / WAM The Emirati-Jordanian camp for Syrian refugees in Mrajeeb Al Fhood hosted an Iftar for 200 families of Syrians and underprivileged Jordanian families. Hassan Salem Al-Qaidi, Head of the Emirati Relief Team in Jordan, said the Iftar was held under the directives of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman ...

DUBAI / WAM Commercial Bank International (CBI) has announced its investment in zypl.ai, a fintech startup pioneering the application of generative AI in lending. Commenting on zypl.ai, Ali Sultan Rakkad Al Amri, CEO of CBI, said “Our partnership with zypl.ai, an innovative AI platform, signifies a strategic entry into using AI implementation for advanced credit scoring. By harnessing zypl.ai’s synthetic ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the establishment of 54 working groups within the Advocacy Hub initiative. These working groups are part of the efforts to support the growth and prosperity of the private sector by providing an ideal platform for businesses within Abu Dhabi to discuss the challenges facing various sectors, ...

ABU DHABI / WAM Abu Dhabi Investment Office (ADIO) is collaborating with Dustour Marine Wooden Boats Trading Establishment to establish a new state-of-the-art project to support the Emirate’s coastal development in line with urban, social, recreational and economic expansion plans. The Musataha agreement was signed during the Abu Dhabi Department of Economic Development’s (ADDED) second edition of its Al Multaqa ...