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Badou Jack To Make Historic Return to Jeddah

LAS VEGAS, Aug. 7, 2022 /PRNewswire/ — Two Division Boxing World Champion and Global Philanthropist Badou Jack made his first visit to Jeddah late last year as he came with the sole intention of performing the sacred pilgrimage to Mecca, Umrah.  He will return in mid-August for his first fight ever in the Kingdom of […]

ADNOC Distribution reports net profit of AED1.56 billion in H1 2022

ABU DHABI, ADNOC Distribution reported strong first half results for 2022, recording an EBITDA of AED1.99 billion and net profits of AED1.56 billion.ADNOC Distribution witnessed year-on-year growth in total fuel volumes, up 9% in H1 2022 compared to H1…

Foreign Ministry, Etihad Credit Insurance sign MoU to promote trade and investment

ABU DHABI, The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE’s federal export credit company, have signed a Memorandum of Understanding (MoU) to promote increased global trade and investme…

Collaborations with UAE helps boost Indian farm exports by 31%

NEW DELHI, Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman…

UAE issues new reporting requirements for real estate transactions

ABU DHABI, The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced the introduction of new reporting requirements aimed at certain real estate transactions conducted…

DIFC launches First Global Family Business, Private Wealth Centre

DUBAI, The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide.DIFC is the first financial centre in the world to create a unique offering a…

UAE’s public spending totalled AED87.4 billion in Q1 2022

ABU DHABI, The UAE’s public spending in the first quarter of 2022 totalled AED87.4 billion, an increase of 19.6 percent and equivalent to AED14.34 billion, compared to AED73.7 billion in the same period of the previous year, according to statistics fro…

OPEC daily basket price stands at $100.01 a barrel Friday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$100.01 a barrel on Friday, compared with US$101.19 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Ble…

Technology Innovation Institute, Khalifa University, global partners achieve breakthrough in RISC-V-based UAV Systems

ABU DHABI, In collaboration with multiple university and industry partners, the Technology Innovation Institute (TII), a leading global scientific research centre and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC…

Zayed University students win 3rd place in ADNOC-Bloomberg UAE Trading Challenge

ABU DHABI, Students from Zayed University (ZU) from the College of Business (CoB) have achieved the 3rd place in the ADNOC-Bloomberg UAE Trading Challenge 2022.In another competition, Zayed University students won two awards in the HSBC-Rotman ESG Trad…

4,770 engineers have graduated from Abu Dhabi University to date

ABU DHABI, As of 2022, 4,940 degrees were awarded and 4,770 engineers graduated from the College of Engineering (CoE) at Abu Dhabi University (ADU), one of the largest engineering colleges in the UAE.Of these graduates, 32 percent were female and 36 pe…

UAE announces 923 new COVID-19 cases, 895 recoveries, no deaths in last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 142,798 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.In a statement, the Ministry stressed its aim to continue ex…

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