UAE President visits King of Bahrain at his residence in Abu Dhabi

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain, at his residence in Abu Dhabi today. During the meeting, His Highness Sheikh Mohamed and His Majesty King Hamad engaged in cordial talks, reflecting the strong ties between the UAE and the Kingdom ...

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Emirati entities showcase large-scale product and system at UMEX and SimTEX 2024

ABU DHABI/ WAM The UMEX and SimTEX 2024, taking place at the Abu Dhabi National Exhibition Centre (ADNEC), featured pioneering technological innovations in unmanned systems, simulation, training, artificial intelligence and robotics, with several launches of new products from Emirati companies. Leading national companies and entities, as well as students from across the United Arab Emirates (UAE) universities specialising in artificial ...

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Dewa’s Soqoor programme approved 120,409 NOCs in 2023

DUBAI / WAM Saeed Mohammed Al Tayer, MD CEO of Dubai Electricity and Water Authority (Dewa), has announced that Dewa has approved 120,409 No Objection Certificates (NOC) applications in 2023 as part of the Soqoor programme, achieving a 30.62 percent increase compared to 2022. This reflects the increasing demand for electricity and water services, according to the highest international standards ...

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Adnoc Drilling kickstarts 2024 operations with 2 hybrid rigs

ABU DHABI / WAM Adnoc Drilling has celebrated a major milestone in its decarbonisation journey with the first of its brand-new hybrid-powered land rigs commencing operations in Abu Dhabi. The new rigs use a high-capacity battery and engine automation. The hybrid power technology system stores energy in its batteries to use when there is a need for continuous power or ...

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Sharjah Charity International helps 1,894 students afford tuition fees

SHARJAH / WAM Sharjah Charity International (SCI) covered the tuition fees of 1,894 students for a total of AED13.2 million in 2023 through its philanthropic initiative “Student Support”. SCI also dedicated AED6.9 million to educational initiatives outside the country, helping students overseas. The Student Support initiative provides tuition and academic expenses to financially disadvantaged students, allowing them to continue their ...

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Stocks gain on positive earnings updates and China stimulus

BLOOMBERG Stocks gained as investors rewarded companies for positive earnings updates and as China’s latest move to stimulate its economy boosted resources shares. Europe’s Stoxx 600 index climbed 0.8% as mining stocks jumped the most in almost six weeks after the People’s Bank of China said it would cut the reserve requirement ratio for banks on February 5. The move ...

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Global funds sell most India stocks since 2022 ‘rally’

BLOOMBERG Indian stocks notched their biggest outflow of foreign investor funds in 19 months, as some profits were booked after a record-breaking rally. Global funds sold $2.4 billion of Indian shares on a net basis last week, the most since June 2022. They sold another $374 million, according to provisional data, as trading resumed after the surprise trading holiday announcement. ...

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