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ABU DHABI/WAM The UAE’s top banks’ capital position remains robust, supported by high profits, and their asset quality further improved in the quarter ending June 2024. Alvarez & Marsal (A&M), a leading global professional services firm, in its latest report on UAE Banking Pulse for the second quarter of 2024, stated that profitability increased to AED 21.5 billion for Q2 2024 on ...

ABU DHABI/WAM ADQ, an Abu Dhabi-based investment and holding company, announced the signing of a multi-year partnership agreement with ne’ma, the UAE’s National Food Loss and Waste Initiative. Launched in 2022 in the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ne’ma is a collaboration between the Ministry of Climate Change and Environment and Emirates Foundation that aims ...

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a phone call with Penny Wong, Minister for Foreign Affairs of Australia. During the call, the two officials discussed regional developments in the Middle East and their humanitarian repercussions on civilians in the Gaza Strip. They also reviewed bilateral relations and aspects ...

ABU DHABI/WAM The Abu Dhabi Arabic Language Centre (ALC) announced that the Abu Dhabi International Book Fair (ADIBF) will be extended to 10 days, starting from its 34th edition, set for 26th April to 5th May 2025. This decision aims to promote innovation in publishing and enhance cultural exchange. The extended duration will provide more opportunities for local and Arab ...

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, congratulated Caspar Veldkamp on his appointment as Minister of Foreign Affairs of the Kingdom of the Netherlands. During a phone call today, Sheikh Abdullah and Veldkamp discussed bilateral relations and ways to strengthen them in a manner that serves the joint interests of ...

DUBAI / GULF TIME Beautyworld’s extensive and insightful new report, in collaboration with BeautyMatter, provides industry professionals with all-new research, core data and intelligence into the Middle East’s fast-growing beauty industry for the first time. With the MENA (Middle East and North Africa) beauty and personal care industry currently valued at $46 billion and projected to reach $60 billion by ...

ABU DHABI/WAM Abu Dhabi Airports and Groupe ADP have extended their partnership to develop Advanced Air Mobility (AAM) infrastructure in the emirate. The partnership extension will focus on the operation of ground infrastructure for AAM services in Abu Dhabi. Building on the agreement signed at the Abu Dhabi Air Expo 2022, which focused on collaborative planning and development, the decision ...

ABU DHABI/WAM On Monday, the United Arab Emirates celebrates global humanitarian work, honouring the courage, dedication, and resilience of hundreds of thousands of volunteers and humanitarian professionals worldwide. Amid ongoing conflicts and devastating natural disasters, the UAE reaffirms its commitment to providing essential humanitarian assistance and supporting affected communities. The role played by the UAE in supporting humanitarian efforts is ...

SHARJAH/GULF TIME Sharjah Coop announced the continuation of its ‘Back-to-School’ campaign, which runs from August 8 until September 8, to provide parents and students with all school supplies as the new academic year approaches. The campaign comes as part of the Coop’s efforts to support consumers, especially Gold Card holders and Coop’s shareholders, as well as members of the ‘My ...

ABU DHABI/WAM The Federal Tax Authority (FTA) intensified its awareness activities and events this year, organised to highlight the importance, objectives, procedures, and requirements for complying with the Corporate Tax Law, which came into effect last year and applies to financial years beginning on or after 1st June 2023. In a press release issued today, the FTA revealed that the ...