ZainTECH showcases innovative AI-powered enterprise and sustainability solutions at GITEX Global 2024

DUBAI/GULF TIME ZainTECH, the integrated digital solutions provider of Zain Group marked a highly successful participation at GITEX Global 2024, where for the second consecutive year, the company showcased how its innovative AI-powered enterprise solutions and digital transformation services are driving sustainability agendas across industries in the MENA region. GITEX Global is the largest dedicated ICT and technology exhibition and ...

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Sharjah Ruler issues Emiri Decree on formation of Energy Council

SHARJAH/WAM H.H. Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree regarding the formation of the Energy Council in the emirate of Sharjah. The Decree stipulated that the Energy Council shall be formed under the chairmanship of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of ...

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NMDC Group’s net profit hits AED2.2b by September 2024

ABU DHABI/WAM NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has announced its financial results for the nine-month period ending 30th September 2024, reporting an impressive 68 percent growth in revenues and a 45 percent surge in net profits compared to the same period last year. The strong performance for the nine-month period ending 30th September ...

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Shurooq announces 40%, 25% completion of LUX Al Jabal, LUX Al Bridi

SHARJAH/WAM The Sharjah Investment and Development Authority (Shurooq), in partnership with The Lux Collective, has announced that 40 percent of the construction for LUX Al Jabal Resort in Khorfakkan and 25 percent of LUX Al Bridi Resort in the central region of Al Dhaid have been completed. With a total investment of AED320 million, both resorts are set for completion ...

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Food Tech Valley inks deal with Badia Farms for hybrid farming

DUBAI/WAM Food Tech Valley, a UAE-government-led initiative aimed at building a sustainable food ecosystem, has announced a 27-year strategic agreement with Badia Farms to implement hybrid models for growing premium fruits and vegetables year-round. The agreement was signed between Rashed Mohammad, Chief Real Estate Officer of Wasl, and Omar Al Jundi, Founder and CEO of Badia Farms, which is backed ...

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UAE’s economy to grow over 5% in 2025: UBS Wealth Management

ABU DHABI/WAM Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE’s GDP growth is expected to surpass 5 percent in 2025. Bolliger told the Emirates News Agency (WAM), during an online press briefing, that the optimistic growth outlook for the UAE economy aligns closely with recent estimates from the International Monetary Fund ...

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Abu Dhabi Crown Prince to begin official visit to Singapore on Tuesday

ABU DHABI/WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, will begin an official visit to the Republic of Singapore on Tuesday, at the invitation of Singapore’s Prime Minister. During the visit, His Highness will meet with Lawrence Wong, Prime Minister of Singapore, along with senior officials and CEOs from leading Singaporean companies in ...

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UAE concludes participation in IMF, WBG annual meetings

WASHINGTON/WAM The UAE, represented by the Ministry of Finance and the UAE Central Bank, concluded its participation in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Washington from October 21 to 26. The UAE delegation, led by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, included top officials from ...

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MoCCAE discusses ways to boost agricultural productivity in Eastern Region

KALBA/WAM The Ministry of Climate Change and Environment (MoCCAE) held a meeting with farmers from the Eastern Region, as part of its ongoing efforts to strengthen cooperation and communication with farmers across the country. The meeting aimed at exploring ways to enhance crop productivity and address the future needs of farmers. The meeting, which took place at the Hanging Gardens ...

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