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ABU DHABI / WAM The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in the gross written premiums. As of year-end, the number of licenced insurance companies in the UAE remained at 60, the CBUAE announced in its quarterly economic report Q4, 2023. The insurance sector comprised 23 traditional national companies, 10 Takaful national ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call on Monday from His Majesty King Abdullah II bin Al Hussein of the Hashemite Kingdom of Jordan. During the call, the two leaders discussed the close ties and various aspects of cooperation and collaboration between the UAE and Jordan, all aimed at ...

ABU DHABI / WAM As part of the Ghars Al Emarat (UAE Planting) initiative to plant 10 mangroves for each visitor to COP28 from November 30 to December 12, 2023, at Expo City Dubai, the Environment Agency – Abu Dhabi (EAD) announced that it has planted 850,000 mangrove trees along Abu Dhabi’s coastal areas. The mangrove trees were planted in ...

ABU DHABI / WAM AD Ports Group, a leading facilitator of global trade, logistics, and industry, has issued its 2023 Annual Report. The report highlights significant achievements for the group that expanded its international footprint significantly in 2023, particularly following the integration of Noatum, a global logistics platform with a presence in 27 countries and a leader in automotive logistics ...

GENEVA / WAM The “Role of Human Rights Mechanisms in the Context of Armed Conflicts” seminar organised by the Union Association for Human Rights presented the UAE’s humanitarian endeavours amidst wars and armed conflicts. At the event, which was held at the Palace of Nations in Geneva, the speakers commended the UAE’s leading role as a humanitarian aid donor relative ...

DUBAI / WAM Under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the Dubai Autism Centre launched its 18th one-month-long Autism Awareness Campaign coinciding with World Autism Awareness Day celebrated on April 2, under the slogan “Trusting Parents, Empowered Kids”. Hisham Abdullah Al Qassim, Chairman of ...

WORLD CAPITALS / WAM Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June. According to Reuters, spot gold was up 1.2% at $2,258.12 per ounce, as of 0529 GMT, after hitting an all-time high of $2,265.49 ...

BANGKOK / WAM Asian shares were mixed on Monday, with Shanghai gaining 1 percent after surveys showed improvements in manufacturing conditions in China, according to an Associated Press (AP) report. Sydney and Hong Kong were closed for the Easter Monday holiday. Tokyo’s Nikkei 225 fell 1.4 percent, to 39,803.09, after a Bank of Japan quarterly survey on business conditions showed ...

DUBAI/ WAM Dubai Land Department (DLD) has initiated the initial phase of a sequence of strategic collaborations with nine developers to fortify the “Dubai Real Estate Programme”. This endeavour underscores DLD’s dedication to nurturing a proficient citizenry adept in professional ethics and principles, thus enabling them to lead the trajectory of evolution and advancement in the real estate sector. The ...

SHARJAH/WAM Expo Centre Sharjah (ECS) has unveiled its future projects and forthcoming initiatives to develop and enhance the exhibitions sector and bolster its role in driving the growth of Sharjah’s economy. Promoting the emirate’s business tourism potential and opening up growth prospects across various sectors, the ECS’s plans are geared towards expanding its operational capacities, augmenting exhibition areas and venues, ...