President of UAE exchanges Ramadan greetings with Arab heads of state
President His Highness Sheikh Mohamed bin Zayed Al Nahyan today exchanged Ramadan greetings with a number of Arab heads of state. This came over phone calls with King Hamad bin Isa Al Khalifa of Bahrain; King Abdullah II bin Al Hussein of Jordan; Egyptian President Abdul Fatah el-Sisi; and President of Tunisia Kais Saied. […]
Etihad Rail to boost UAE’s economic growth, research shows
The UAE economy is set to get a major boost as Etihad Rail comes onstream, a new report has said. The rail network will boost the country’s freight transport sector, supporting ongoing growth in one of the key components of the local economy, according to Emirates NBD Research. Trade and freight transport services have been […]
EDGE to establish joint research and development centre
EDGE’s GradeOne, a defense trading specialist concentrating in manufacturing non-lethal pyrotechnics, ammunition, defense-related components and packing solutions, signed a Memorandum of Understanding (MoU) with UAVOS, a developer and manufacturer of advanced unmanned systems, to create a joint research and development, production and commercialisation centre for autonomous solutions and weapon systems. As per the MoU, […]
Egypt mulls cooperation with AD Ports to develop logistics areas, ports
Abu Dhabi Ports Group (AD Ports Group) is looking forward to boosting cooperation with Egypt, particularly in the development of logistics areas and ports, according to a statement by the Presidency’s Spokesman on March 5th. This came during a meeting between Egyptian President Abdel Fattah El-Sisi and CEO of AD Ports Group Mohamed Al Shamisi. […]
Fawry, BOTIM cooperate to enable international money transfers for Egyptian expats in UAE
The leading Egypt-based e-payment company Fawry has signed a memorandum of understanding (MoU) with the Emirati calling app BOTIM to offer residents in the UAE and Gulf Cooperation Council (GCC) countries money transfer and invoice payment services via BOTIM app, according to an emailed press release on February 27th. As per the MoU, users in […]
Swiss bank Edmond de Rothschild sets up MENA hub in Dubai’s DIFC
Swiss-based private banking giant Edmond de Rothschild Group is opening its MENA hub in Dubai’s DIFC today as part of efforts to significantly grow its presence and client base in the region. Dubai joins Switzerland, Monaco and Luxembourg in Edmond de Rothschild’s network of international private wealth hubs. The bank, founded in 1953, has been […]
UAE President’s $50mln additional aid to Syria boosts humanitarian efforts: ERC Chairman
Dr. Hamdan Al Mazrouei, Chairman of the Board of Directors of Emirates Red Crescent (ERC), said President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s order to give an additional US$50 million aid to the earthquake victims in Syria reflects the President’s desire to strengthen the humanitarian efforts there. This will help alleviate the sufferings […]
ADFD, UNIDO discuss joint efforts to drive sustainable development
Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), has met Gerd Müller, Director-General of the United Nations Industrial Development Organisation (UNIDO), to discuss their joint efforts in driving industrial and economic growth in developing nations. During Müller’s […]
Burj Khalifa sales grow 16% as Dubai’s tallest tower turns 13
Dubai’s Burj Khalifa moved into adolescence in 2022 with a different type of growth spurt for the world’s tallest building. The architectural icon celebrated turning 13 by announcing a sweet 16% increase in residential sales. Property giant Knight Frank said 94 apartments were sold in the tower in 2022, valued at AED 477 million ($130 […]
AD Ports forms JV for services in Caspian, Black Sea
Abu Dhabi-based AD Ports Group, a leading facilitator of global trade, has signed an agreement with Kazmortransflot (KMTF), to launch a joint venture (JV) to provide offshore and shipping services for energy companies in the Caspian and Black Seas. The JV is 51 percent owned by AD Ports Group and 49 per cent owned by […]