ADGM Academy, HRA, Banque Misr launch banking educational programme for Emiratis
Abu Dhabi Global Market Academy (ADGMA), the educational arm of Abu Dhabi Global Market, the Human Resources Authority (HRA) in Abu Dhabi, and Banque Misr have signed a Memorandum of Understanding (MoU) to establish a banking educational programme at Abu Dhabi Global Market (ADGM). The agreement furthers the parties’ strategic collaboration to facilitate knowledge exchange […]
UAE’s non-oil contribution to GDP hit 72.3% in 2021
The UAE’s non-oil sector contribution to the GDP amounted to 72.3 percent in 2021, up from 71.3 percent in 2020, data by the Federal Competitiveness and Statistics Center, revealed. The hotels & restaurants, wholesale & retail and health & social services sectors contributed 21.3 percent, 14.1 percent and 13.8 percent respectively, during the reference period. […]
UAE condemns burning of copies of the Holy Quran by extremists in Sweden
The UAE has strongly condemned the burning of copies of the Holy Quran by some extremists in Sweden. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s rejection of all practices aimed at destabilising security and stability in contravention of human and moral values and principles. The ministry renewed […]
QMM becomes market maker for Chimera Capital’s ADX-listed ETFs
Chimera Capital LLC, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment LLC, announced that Q Market Makers (QMM) has become a market maker for its four Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX). QMM, part of ADQ, was launched in 2020, and has, over the past 18 months, […]
RAK tourism authority named one of UAE’s best workplaces
Ras Al Khaimah Tourism Development Authority (RAKTDA) has further added to its credentials as an employer of choice with a top ten ranking on the Best Workplaces List of 2022 – Small & Medium Organisations. Awarded by the Great Place to Work, the global authority that recognises high-trust, high-performing workplace cultures, RAKTDA is the category’s […]
IMF revises upwards UAE growth, warns of setback to global recovery
The International Monetary Fund (IMF) on Monday revised upward the economic growth outlook for the UAE in 2022 and warned that damage from Russia’s invasion of Ukraine will set back global recovery and contribute to a significant slowdown in worldwide growth this year. The IMF now estimates that the UAE’s economy grew 2.3 per cent […]
FAB teams up with IBM to hasten digital transformation
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has teamed up with IBM Consulting to support the bank’s ongoing digital transformation journey. IBM will work to enhance FAB’s digital platforms in a hybrid cloud environment to help deliver a seamless digital experience to the […]
Emirates Airline Festival of Literature flying high with record results for 2022
The Emirates Airline Festival of Literature is celebrating the success of its 14th edition, which showed recovery from the pandemic and record numbers of competition entries. In total, more than 105,000 people engaged with the Festival, in person or through its virtual offering. Over the 11 days of the Festival, a total of 181 authors […]
Dubai’s DEWA implements Smart Grid Strategy to keep pace with rapid changes
Dubai Electricity and Water Authority (DEWA) is implementing its updated Smart Grid Strategy 2021-2035, which features a high standard of resilience and agility that keeps pace with development and rapid changes to ensure the continuity of the organisation’s excellence and global leadership. Saeed Mohammed Al Tayer, MD and CEO of DEWA, praised the team’s efforts, […]
Wizz Air Abu Dhabi launches 20% discount promotion
Wizz Air Abu Dhabi, a low-cost national airline of the UAE, has announced a promotion with 20 percent off selected flights from and to Abu Dhabi until the end of August for bookings made between April 18 and 19. The airline aims to capitalise on the increasing demand for travel during Eid and providing its […]