ABU DHABI, The Central Bank of the UAE (CBUAE) supports the steps taken by the Board of Investbank, under the direction of the shareholders, which initiate the relevant legal proceedings with respect to those responsible for the financial violations.Th…
Day: November 8, 2022
Abdullah bin Zayed visits COP 27 side events, exhibits
SHARM EL SHEIKH, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, visited the area dedicated to the side events and exhibits at the 27th Conference of the Parties to the United Nations Framework Conve…
UAE reign supreme at Jiu-jitsu World Championship, crowned champions for third straight year
ABU DHABI, After eleven days of complete dominance, the UAE stands alone atop the chart with the most gold medals at the Jiu-Jitsu World Championship held at Jiu-Jitsu Arena in Zayed Sports City. The national team, sponsored by Mubadala Investment Comp…
Borouge, Abu Dhabi Medical Devices Company to establish strategic partnership to boost healthcare sector
ABU DHABI, Borouge signed a Memorandum of Understanding which established a new strategic partnership with Abu Dhabi Medical Devices Company (ADMD) to develop the medical device manufacturing industry in Abu Dhabi.ADMD is a leading local manufacturer o…
OPEC daily basket price stands at $97.32 a barrel Monday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$97.32 a barrel on Monday, compared with US$96.15 the previous Friday, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Bl…
IFFCO to develop edible oil packing plant at DP World’s Berbera Economic Zone in Somaliland
DUBAI, DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO, for an edible oil packing plant in the Berbera Economic Zone (BEZ) in Somaliland.IFFCO’s subsidiary, IFFCO Somaliland signed a 25-year lease with BEZ to …
AD Ports Group, Al Fanar Gas establish KEZAD Industrial Services company
ABU DHABI, Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has announced the signing of an agreement to form a joint venture between its parent company AD Ports Group, and Al Fanar Gas G…
Agthia Q3 revenue grows 20% to AED 954 million
ABU DHABI, Agthia Group PJSC, one of the region’s leading food and beverage companies, today announced net revenue of AED954 million for Q3 2022, up 20% year-on-year, following the successful consolidation and integration of recent acquisitions.Group E…
RAKEZ teams up with noqodi to offer e-wallets options, payment solutions for clients
RAS AL KHAIMAH, Ras Al Khaimah Economic Zone (RAKEZ) partnered with noqodi, a UAE-based fintech company, to extend an array of digital payment solutions to its clients.This collaboration gives businesses operating in the economic zone access to many se…
IHC hits nine-month record profit of AED 24bn
ABU DHABI, International Holding Company (ADX: IHC), one of the largest corporate investment holding firms in the Middle East and Africa, headquartered in Abu Dhabi, announced today its financial results for the third quarter ended September 30, 2022, …
DEWA launches the Metaverse and Digital Twin Hackathon in collaboration with the Higher Colleges of Technology
Dubai Electricity and Water Authority (DEWA) has organised a Metaverse and Digital Twin Hackathon, in collaboration with the Higher Colleges of Technology in Dubai and Sharjah. This is in line with its continuous efforts to strengthen Dubai’s position …
‘The Big 5’ to drive ESG-focused, net-zero targets by 2050
DUBAI, The industry’s brightest minds, disruptive thinkers, most exciting innovators, and advisors from Environmental, Social, and Governance (ESG)-focused construction businesses will gather at The Big 5, at the Dubai World Trade Centre (DWTC) from 5-…