ABU DHABI, Noon.com announced that it will build the UAE’s largest fulfilment centre in Abu Dhabi as part of an anchor investment into the emirate’s fast-growing e-commerce space.The 252,000 square metres mega facility is the result of a partnership be…
Category: Sales
Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion
DEWA reports a record (year to date) net profit of AED 6.47bn, which is nearly at par with its full year net profit of 2021For the year 2022, DEWA will pay its shareholders AED 8.23bn in dividends (AED 6.2bn as part of dividend policy and AED 2.03 bn a…
OPEC daily basket price stands at $95.99 a barrel Tuesday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$95.99 a barrel on Tuesday, compared with US$97.32 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Blen…
Executive Office of AML/CTF holds National Risk Assessment workshops with World Bank
ABU DHABI, The Executive Office of Anti-Money Laundering and Counter terrorism Financing (EO AML/CTF) held a series of workshops kickstarting the UAE’s second National Risk Assessment (NRA) aimed at identifying, assessing, and understanding its money l…
DP World teams up with Emirates Development Bank to finance SME growth
DUBAI, DP World has teamed up with Emirates Development Bank (EDB), signing a Memorandum of Understanding to provide small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform.It includes a formal fram…
Global Media Congress is an ideal platform for decision-makers, investors and innovators, Abdullah bin Touq tells WAM
ABU DHABI, Abdullah bin Touq Al Marri, Minister of Economy, said that the UAE enjoys a leading stature in the region’s media sector as an incubator and regional headquarters for the most prominent international media entities. The media and entertainme…
Emirates and Gulf Air Launch Codeshare Partnership
Manama, Bahrain, Emirates and Gulf Air have today officially signed a unilateral codeshare partnership, starting this December*. The new agreement will offer easy connections and expanded choices for Gulf Air customers connecting to Dubai and onwards t…
EMPOWER TO BECOME THE WORLDS’ LARGEST LISTED DISTRICT COOLING SERVICES PROVIDER
Emirates Central Cooling Systems Corporation PJSC (“Empower” or the “Company”) today announces that, following the successful completion of the bookbuild and public subscription process for its initial public offering (“IPO” or the “Offering”), it has …
UAE’s green bonds, sukuk market valued at $17 billion
SHARM EL SHEIKH, As part of its participation in the 27th United Nations Climate Change Conference (COP27), held in the Egyptian resort of Sharm El Sheikh, the UAE Ministry of Climate Change and Environment (MoCCAE) co-hosted a fireside chat on the UAE…
G42 to showcase digital financial solutions during Abu Dhabi Finance Week 2022
ABU DHABI, G42, the leading UAE-born artificial intelligence and cloud computing holding technology company, has announced its partnership with the upcoming Abu Dhabi Finance Week (ADFW) 2022 as its strategic artificial intelligence (AI) partner.Held i…
ETAF Platform closes in on $1 billion to advance energy transitions in developing markets
SHARM EL-SHEIKH, Today, three new partners have officially joined the Energy Transition Accelerator Financing Platform (ETAF), IRENA’s global climate finance platform aimed at mobilising capital to scale up renewable project funding in developing count…
FAB takes part in COP27 panel to explore future of NZBA in MENA
SHARM EL-SHEIKH, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has today taken part in a panel discussion at COP27 hosted by the Net Zero Banking Alliance (NZBA).The panel, titled ‘…