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Abu Dhabi / WAM Based on the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to achieve the highest possible levels of social welfare and economic wellbeing for UAE citizens, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, who is also the Chairman ...

Dubai / Emirates Business Abu Dhabi trade in planes and spacecraft, including parts thereof, has amounted to AED9.3 billion during the first nine months of this year, according to figures by the Statistics Centre-Abu Dhabi, on the emirate’s non-oil trade. The stated value doesn’t include the deals made by the emirate and registered by other ports of exit, including sea, ...

London / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, inaugurated the new UAE Embassy in London, United Kingdom, UK. The ceremony began with the raising of the UAE flag and was followed by the national anthems of both countries. Sheikh Abdullah bin Zayed and Alistair Burt, the UK’s Minister of State ...

Abu Dhabi / WAM Masdar, Abu Dhabi Future Energy Company, and Indonesian power company PT Pembangkitan Jawa-Bali, PT PJB, a subsidiary of the state electricity company Perusahaan Listrik Negara (PLN), signed on Tuesday a project development agreement for the world’s largest floating solar photovoltaic (PV), power plant. With a capacity of 200 megawatt, the plant will cover an area of ...

Abu Dhabi / WAM The United Arab Emirates commemorates its 46th National Day on December 2, a day that embodies the very Spirit of the Union and inspires the nation to celebrate 46 years of great achievements since the federation of the seven emirates was established in 1971. The pattern of celebrating the country’s National Day was initiated by the ...

Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB), received two highly prestigious awards reflecting the high quality of its business operations and commitment to corporate social responsibility (CSR). At the 14th edition of the Seatrade Maritime Awards covering the Middle East, Indian Subcontinent and Africa, ADSB won the Enterprise Award for its contributions to the region’s ship repair industry. ...

Abu Dhabi / WAM Al Hilal Bank has announced two new appointments of Sebastian Frederiks as the New Head of Global Markets and Financial Institutions and Wael Alashqar as the New Head of Financial Institutions MENA. Sebastian Frederiks will be responsible for growing the bank’s relationship with regional and international Financial Institutions and Non-Bank Financial Institutions, bringing 15 years of ...

Dubai / WAM With a mandate to promote Dubai around the world as a preferred real-estate investment destination, the Dubai Land Department (DLD), organised two roadshows and a number of workshops in Moscow, Russia on November 24-25, in addition to two scheduled launches in London, the UK on December 3-4. The initiative aims to familiarise residents of Russia and the ...

Bloomberg US stocks and the dollar rose while Treasury yields edged lower, as investors eyed the ongoing tax reform debate and the confirmation hearing for Federal Reserve chair nominee Jerome Powell. The S&P 500 Index rebounded to a record after starting the week lower, following gains by stocks in Europe driven by energy firms. In Asia, shares in Hong Kong ...

Reuters Egypt’s stock market surged on Tuesday after the central bank removed caps on deposits and withdrawals of foreign currency for importers, scrapping one of the last currency controls in place since 2011. The blue-chip index registered its biggest daily jump since March as it rose 2.2 percent to a record closing high of 14,537 points, passing its previous peak ...