UAE delegation participates in UN Peacekeeping Ministerial Meeting in Ghana

ACCRA / Ghana / WAM A United Arab Emirates delegation, led by Dr Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs for Security and Military Affairs, participated in the United Nations’ Peacekeeping Ministerial Meeting, which was held in the Republic of Ghana’s capital, Accra. The Ministerial Meeting was the first to be held on the African continent, with previous ...

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Abu Dhabi unveils 1st facility for enzyme-based fuel additives

ABU DHABI / WAM The Industrial Development Bureau (IDB), the Abu Dhabi Department of Economic Development’s (Added) arm to develop and regulate the industrial sector, has announced a collaboration with XMILE Group to establish a first-of-its-kind processing facility in the Middle East and Africa region for the reduction of Greenhouse Gas (GHG) Emissions. The cooperation with XMILE Group, a global ...

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Under leadership and support of Sheikh Mansour, number of Emiratis working in private sector reached 92,000 by 2023 end

ABU DHABI / WAM Under the leadership and support of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of Directors of the Emirati Talent Competitiveness Council, the Ministry of Human Resources and Emiratisation (MoHRE) announced that the number of Emiratis working in the private sector ...

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China’s central bank adds liquidity via reverse repos

BEIJING/ WAM China’s central bank conducted 14 billion yuan ($1.97 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Wednesday, reported Xinhua. The move aims to keep liquidity in the banking system reasonable and ample, the People’s Bank of China said in a statement. A reverse repo is a process in which the central bank purchases ...

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JPMorgan shares climb to record high

BLOOMBERG JPMorgan Chase & Co hit a fresh record high for the first time in more than two years. Shares of the largest US bank gained 1.2% to $172.08, surpassing the prior high watermark set in October 2021. The New York-based lender has been a top performer in the sector as it posted record results last year, prompting its Chief ...

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Nigeria slaps strict rules on banks after lifting crypto ban

BLOOMBERG Nigeria’s central bank has released inaugural guidelines for banks opening cryptocurrency accounts, while retaining its ban on them holding or trading in virtual assets on their own behalf. The rules, published on the central bank’s website, flesh out the regulator’s decision last month to lift its prohibition on banks operating accounts for crypto service providers. “Current trends globally have ...

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AD Ports Group closes 2023 as a year of global expansion, enhanced capacity

ABU DHABI/ WAM In a transformative year marked by unprecedented global expansion and strategic acquisitions, AD Ports Group (ADX: ADPORTS) has further cemented its position as one of the world’s leading facilitators of global trade and logistics. The year has been pivotal in enhancing the Group’s connectivity, capacity, and international presence, underscoring a commitment to drive sustainable innovation and excellence ...

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UAE, Jordan discuss elevating commercial, investment relations

AMMAN/ WAM Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Bisher Khasawneh, Prime Minister of Jordan, discussed ways of enhancing trade and investment relations between the UAE and Jordan to stimulate joint economic growth and create more opportunities for cooperation between their business communities and private sectors. This came as Prime Minister Khasawneh received Dr. ...

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