UAE’s Sustainable Trade Forum engages private-sector to deliver trade-led solutions at COP28

ABU DHABI / WAM The Ministry of Economy, in partnership with global fintech company Capital.com and leading Vietnamese electric vehicle producer VinFast, has hosted the Sustainable Trade Forum at COP28. A key component of the first ever Trade Day at a Conference of the Parties, the forum brought together global business and investment leaders to offer private-sector perspectives on global ...

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CBUAE, Bank Indonesia agree to expand joint cooperation

ABU DHABI/ WAM The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) exchanged of Memorandum of Understanding (MoU) aimed at expanding cooperation in several sectors between the two central banks. The MoU was signed by Khaled Mohamed Balama, Governor of CBUAE, and Perry Warjiyo, Governor of BI. Under this MoU, an extension of the already established framework of ...

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Arab Coordination Group allocates US$10 billion to support energy transition on sidelines of COP28

DUBAI/ WAM The Arab Coordination Group (ACG), a strategic alliance comprising regional and international development institutions, announced at COP28 an allocation of US$10 billion until 2030. This funding is meant to drive a comprehensive and affordable transition to renewable energy in developing countries. The commitment is an integral part of a strategic plan encompassing seven key points designed to expedite ...

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Emirati Field Hospital in Gaza starts receiving wounded Palestinians

GAZA/ WAM The Emirati Field Hospital in Gaza commenced its medical services on Sunday, welcoming its first two Palestinian patients suffering from severe fractures. The first case admitted to the hospital was 17-year-old Abdul Karim Wael, who was transferred from Abu Yousef Al Najjar Hospital in Gaza. He suffers from a fracture in the right ankle and an open wound ...

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UAE financial sector to mobilise AED 1 trillion in sustainable finance by 2030

ABU DHABI/WAM Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the COP28 Presidency, today organised an event to facilitate global climate finance solutions and progress towards a sustainable future. During this global event, the UAE Banks Federation announced a significant initiative from the UAE banking sector to collectively mobilise ...

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Al Bandar Rotana Hotel Dubai marks UAE National Day

DUBAI\ GULF TIME Al Bandar Rotana Hotel Dubai, one of the city’s most notable hospitality destination, marked the UAE National Day with a celebration in the presence of esteemed hotel owners and guests. The event was honoured by the presence of Khaled Al Badie, Ghaith Hamel Al Ghaith, Mohammed Al Sayegh, and Mohamed Hamadeh, the General Manager of Alain Ahlia ...

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