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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 ...

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 ...

ABU DHABI / WAM In his capacity as the Ruler of Abu Dhabi, UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a law establishing the Abu Dhabi Heritage Authority. The Abu Dhabi Heritage Authority will replace the Emirates Heritage Club and the Cultural Programmes and Heritage Festivals Committee – Abu Dhabi. The Abu Dhabi Heritage Authority’s ...

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 ...

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. ...

DUBAI / WAM The Emirates Research Development Council (ERDC) has launched the National Research and Development Leadership Programme, marking a significant milestone in the UAE’s pursuit of an innovation- and knowledge-based economy. Overseen by the Ministry of Industry and Advanced Technology’s General Secretariat team, the programme has been launched in collaboration with the Advanced Technology Research Council (ATRC) and Mohammed ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday met with a number of Directors General and senior officials of the Government of Dubai at His Highness’s Majlis in Za’abeel. The meeting formed part of His Highness’s routine engagements with officials from various sectors to ...

ABU DHABI / WAM Edge, one of the world’s leading advanced technology groups in the unmanned and autonomous systems sector, unveiled three new innovative remotely piloted vehicles on the first day of the Unmanned Systems Exhibition and Conference (UMEX) and Simulation and Training Exhibition (SimTEX) 2024. Returning as the Strategic Partner for the sixth edition of UMEX, Edge is rapidly ...

CAIRO / WAM The United Arab Emirates (UAE) participated in an extraordinary meeting of the Arab League Council regarding Palestine, which was held in Cairo, Egypt. Mariam Khalifa Al Kaabi, UAE Ambassador to the Arab Republic of Egypt and Permanent Representative to the Arab League, headed the UAE delegation. In her speech at the Arab League headquarters, Ambassador Al Kaabi ...

ABU DHABI / WAM Under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, inaugurated the 6th session of the UMEX and SimTEX exhibitions (2024). The exhibitions will run from 23 till 25 January, with participation of 214 companies from ...