Foreign currency deposits in UAE banks surge to Dh552 billion
The total balance of foreign currency deposits in banks operating in the UAE increased by Dh95.8 billion, reflecting a growth of 21 percent over the past year. By the end of May 2024, foreign currency deposits reached Dh552.2 billion, compared to Dh456.4 billion at the end of May 2023, according to data issued by the […]
Cutting-edge treatments at Cleveland Clinic Abu Dhabi offer renewed optimism in breast cancer fight
Breast cancer is the most common and life-threatening cancer in the UAE. According to UAE’s latest National Cancer Registry Report, the disease made up 20.2 percent of all malignant cases in 2019 and constituted 11.5 percent of cancer deaths in the country. Often detected as a small lump or thickening in the breast area in […]
UAE President, VPs condole with Saudi King on death of Princess Nouf bint Nasser
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Princess Nouf bint Nasser bin Abdulaziz Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and […]
Bayanat and Yahsat launch UAE’s first SAR satellite
Bayanat AI PLC (ADX: BAYANAT), a leading provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company PJSC (ADX: Yahsat), the UAE’s flagship satellite solutions provider, Saturday announced the successful launch of their first Low Earth Orbit (LEO) Synthetic Aperture Radar (SAR) satellite into orbit on August 16. This was done in partnership with […]
UAE, United States, Switzerland, Saudi Arabia, Egypt, UN and African Union issue joint statement on Sudan
The United Arab Emirates, United States, Switzerland, the Kingdom of Saudi Arabia, Egypt, the United Nations and the African Union delegations assembled in Switzerland have issued the following joint statement on Sudan: “The international delegations assembled in Switzerland for the Sudan talks welcome the decision by the Sovereign Council of Sudan to open the Adre […]
UAE President, VPs congratulate President of Indonesia on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Joko Widodo of the Republic of Indonesia on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai; and His Highness Sheikh […]
Etihad Airways records 10.4 million passengers Jan-Jul 2024
Etihad Airways, the national carrier of the UAE, has released its preliminary traffic figures for July 2024. The airline welcomed 1.7 million passengers, achieving a robust average load factor of 89 percent for the month. Etihad Airways CEO, Antonoaldo Neves, said, “Our passenger numbers in July surged by 33 percent compared to the same period […]
UAE Central Bank announces M-Bills auction on 19 August
The Central Bank of the UAE (CBUAE) announced today an auction of Monetary Bills (M-Bills) on 19th August, 2024. The auction includes four issues of M-Bills Treasury bonds. According to CBUAE data, the first issue for 28 days will be up to Dh2,500 million, the second for 56 days will be up to Dh2,000 million, […]
Abu Dhabi Department of Economic Development adds 30 new economic activities to Freelancer Licence
The Abu Dhabi Business Centre (ADBC) at the Abu Dhabi Department of Economic Development (ADDED) has added 30 new activities to the Freelancer Licence. This expansion allows UAE nationals and residents to pursue a wider range of business opportunities, fostering Abu Dhabi’s supportive economic environment that encourages entrepreneurship and facilitates business establishment at minimal cost. […]
AD Ports Group completes Tbilisi Dry Port acquisition to become majority owner
AD Ports Group (ADX: ADPORTS) today announced the completion of the acquisition process of the Tbilisi Dry Port, which sees the Group become the majority owner with a 60% stake. The state-of-the-art, rail-linked, and custom bonded intermodal logistics hub, in Georgia – scheduled to be operational in October 2024 – further strengthens the Group’s role […]