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ABU DHABI/ WAM First Abu Dhabi Bank (FAB) and Mastercard have announced an exclusive long-term global partnership, building on their long-standing collaboration, in the Eastern Europe, Middle East, and Africa (EEMEA) region. The landmark deal spans four markets – the UAE, Saudi Arabia, Oman, and Egypt – and will see the market leaders join forces to further fuel the region’s ...

ABU DHABI/ WAM The United Arab Emirates and the Arab Republic of Egypt continued to airdrop humanitarian and relief aid into the northern Gaza Strip. The Joint Operations Command of the Ministry of Defence has announced the implementation of the fourth airdrop of humanitarian and relief aid, carried out by the UAE Air Force and the Egyptian Air Force in ...

ABU DHABI/ WAM Burjeel Holdings PLC announced a 15.6 percent increase in annual revenue to AED 4.5 billion, while net profit increased by 52.4 percent to AED 540 million in 2023, supported by significant revenue growth, increased operational efficiencies, and reduced financing costs. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.7 percent to AED 1 billion in ...

ABU DHABI/ WAM The UAE Ministry of Defence and Abu Dhabi Future Energy Company PJSC (Masdar) have signed a partnership agreement to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between the UAE’s Masdar and France’s EDF Group, will provide a full turnkey solution for the projects, including finance, design, procurement, construction, operations, and maintenance for 25 years. ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the release of 735 prisoners from correctional and penal facilities, ahead of the start of the Holy Month of Ramadan. His Highness will also personally cover all fines and penalties imposed on the inmates, who had been sentenced to jail terms for a variety of offences.

ABU DHABI / wam The 10th session of the Abu Dhabi-Japan Economic Council (ADJEC) held Today in Abu Dhabi, emphasised the Council’s commitment to support delivering the objectives of UAE Net Zero 2050, COP28, and UN Sustainable Development Goals (SDGs). Hosted by the Abu Dhabi Department of Economic Development (ADDED) and the Japan Cooperation Center for the Middle East (JCCME), ...

DUBAI / WAM Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, held a meeting with Amina Mohamed, Deputy Secretary-General of the United Nations, at the Ministry of Finance’s Diwan in Dubai. The meeting was attended by Ali Abdullah Sharafi, Acting Assistant Under-Secretary of the International Financial Relationship Sector at the UAE Ministry of Finance, and Dr Mahmoud Mohieldin, ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a high-level UAE delegation to Bern and Basel, Switzerland, where he met senior government officials and private-sector leaders to strengthen economic collaboration and foster investment flows between the two nations. The visit sought to build on growing UAE-Swiss ties, which in 2023 saw ...

ABU DHABI / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, has issued a resolution appointing Sheikh Mohammed bin Hamdan bin Zayed Al Nahyan as Under-Secretary for the office of the Deputy Ruler of Abu Dhabi.

DUBAI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Ministry of Human Resources and Emiratisation (MoHRE) launched the second edition of the Emirates Labour Market Award. The award is the first-of-its-kind in the UAE to honour distinguished private sector companies and workforce ...