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SHARJAH / WAM Dana Gas announced that, following the launch on May 22 of a Tender Offer and Consent Solicitation / Exchange Offer to consider approval for the terms and conditions of an offer for the restructuring and refinancing of its US$700 million Sukuk Al-Mudarabah, the Sukuk certificate holders have overwhelmingly approved the transaction. As of June 1, the ‘early ...

ABU DHABI / WAM Dubai Carbon has honoured Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, with a framed copy of The Sustainabilist magazine to acknowledge his contribution to achieving the UAE’s sustainable development goals. Dr Al Zeyoudi led the development of the National Climate Change Plan of the UAE 2017-2050, spearheaded establishment of Emirates Committee ...

YEMEN / WAM The Department of Moral Guidance affiliated with the Yemeni Resistance group Al-Amalaqah Brigades (Arabic for Giants), has conducted a series of rehabilitation sessions for Houthi prisoners of war – most of whom are children – providing them with psychological support to cope with the effects of war captivity and trauma. The prisoners were captured in recent confrontations ...

Abu Dhabi / WAM The National Corporate Social Responsibility Fund has signed three Memoranda of Understanding (MoUs), with the ministries of infrastructure development, climate change and environment, and community development, with the aim of monitoring and implementing social responsibility projects and programmes and reinforcing the cooperation between relevant authorities to promote corporate social responsibility, as part of the National Strategy ...

ABU DHABI / WAM In implementation to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council, launched four social initiatives aimed at improving life quality for Emirati people, delivering ...

Dubai / Emirates Business Continuing its work with the international maritime and arbitration communities, the Emirates Maritime Arbitration Centre (EMAC) sponsored and attended the Posidonia, The International Shipping Exhibition in Greece this year. Posidonia is a must-attend event for all maritime concerns, attracting over 10,000 visitors from the international shipping community. This international exhibition began in 1969 and ever since ...

Fujairah / WAM The Fujairah Authority for Tourism and Antiquities on Tuesday received a Russian delegation, comprising 46 representatives of travel and tourism companies, during a tour of important tourism and antiquities sites and hotels in Fujairah, which aims to promote tourism from Russia. During the first day of the three-day tour, the delegation visited Fujairah Museum and Citadel, to ...

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, announced the joining of Sridhar Iyer as Head of Marketing & Head of Mashreq NEO. Prior to joining Mashreq, Sridhar held a number of senior positions with Citibank and Lloyds Bank in India and the UK. He first joined Citibank in 1996, where he was responsible for setting up ...

DUBAI / Emirates Business Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, launched the second edition of its Market Access programme, which aims to enhance cooperation and facilitate deals between innovative startups (SMEs), leading companies and government entities in Dubai. Startups and SMEs are invited to submit innovative ideas and solutions that solve key challenges faced ...

Dubai / WAM Dubai has ranked first in the Arab world in terms of government budget (as percentage of GDP), while globally the emirate ranked seventh in government efficiency and third in public finance, according to the Competitiveness Report 2018 issued by the International Competitiveness Centre of the International Institute for Management Development (IMD) based in Lausanne, Switzerland. Commenting on the ...