DUBAI/WAM The General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA) has announced that Sunday, September 15 2024, will be an official holiday for service centres handling the correction of violators’ statuses, in observance of the Prophet’s Birthday. This decision aligns with the Cabinet’s approved agenda for official holidays for the public and private sectors in 2024. The Directorate ...
Read More »ADX logs large direct deal on IHC worth AED4.38 billion
ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw on Friday a large direct deal executed on the stocks of International Holding Company (IHC). According to market data, the trade was executed on 10.7 million shares with a value over AED4.38 billion at an execution price of AED409.3 per share. Large Direct transactions are deals executed outside the order book ...
Read More »UAE leads globally in cybersecurity, earning ‘Pioneering Model’ title
ABU DHABI/WAM The United Arab Emirates has achieved a new milestone in the field of cybersecurity, as the International Telecommunication Union ranked it in the top global category (Pioneering Model) according to the 2024 Global Cybersecurity Index. The UAE, represented by the Cybersecurity Council, met all 80 criteria of the index, achieving a 100% success rate. This ranking reflects the ...
Read More »Dubai Taxi awarded 300 new plates, expanding fleet to 6,000
DUBAI/WAM Dubai Taxi Company today announced that it had been awarded 300 new plates at the latest Dubai’s Roads and Transport Authority (RTA) auction, solidifying its position as Dubai’s largest taxi operator. The award increases DTC’s taxi fleet to almost 6,000 vehicles, increasing its taxi market share to 46% and demonstrating its commitment to serving the growing demand for sustainable ...
Read More »‘VeraViews’ launches in UAE under Ministry of Economy’s NextGen FDI Programme
ABU DHABI/WAM The Ministry of Economy has announced that VeraViews will be incorporated in the UAE under the NextGen FDI initiative. VeraViews is a pioneering new digital advertising platform that uses distributed ledger technology to verify advertising views, eliminate the dissemination of harmful content and prevent bad actors from using the media supply chain to fund ad scams and extremist ...
Read More »UAE’s banking sector net international reserves increase by 8.1 percent in H1 2024
ABU DHABI/WAM Net international reserves of the UAE’s banking sector increased by 8.1 percent, or AED92.3 billion, during the first half of 2024 (H1 2024), reaching AED1.238 trillion at the end of June, compared to AED1.145 trillion at the end of the same period last year. The Central Bank of the UAE’s June statistical bulletin, issued today, showed that the ...
Read More »WHO clears Bavarian Nordic’s vaccine as first mpox shot
GENEVA/WAM The World Health Organisation said on Friday it had cleared Bavarian Nordic’s mpox vaccine, the first such shot to be approved by the agency for containing the spread of the disease in badly hit African countries, Reuters reported. The approval, known as a pre-qualification, comes as a new type of the virus spreads from the Democratic Republic of Congo ...
Read More »Under the patronage of Hamdan bin Zayed, 22nd Abu Dhabi International Hunting and Equestrian Exhibition to take place in the emirate
ABU DHABI/AD MEDIA OFFICE Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in the Al Dhafra Region and Chairman of the Emirates Falconers’ Club, the 22nd Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will take place from August 30 to September 7, 2025 at ADNEC Centre Abu Dhabi. The upcoming edition is expected ...
Read More »Chaired by Abdullah bin Zayed, COP29 Preparatory Committee discusses UAE’s plans, initiatives
ABU DHABI/WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Preparatory Committee for the UAE’s Participation in COP29, has stressed the importance of following up on the implementation of the historic UAE Consensus to keep global temperature rise below 1.5 degrees Celsius. This came as Sheikh Abdullah chaired the committee’s ...
Read More »Fred Frost envisions a world where novice traders will have an equal chance at success
GULF TIME Trading, once an exclusive club for Wall Street bigwigs and high-flying financiers, has now been opened up to everyone. Leading the charge in this democratization of trading is Fred Frost and his innovative training platform. While relatively fresh on the scene, this venture has already been making waves with its effort to break down the old barriers, making ...
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