The shareholders approved dividend after record growth.

Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of common interest.This came at the Abu Dhabi Business Forum, which was organised by the Abu Dhabi Department of Economic Development following the conclusion of the 9th session of the Abu...

All industries and businesses should focus on net zero emissions, nature positivity, net zero business and eventually a net zero world, Salesforce chief Marc Benioff tells TRENDS.

New Delhi, India - The GDP of the UAE went up by 7.6 percent in 2022 and the FDI inflows to the country amounted to US$171.6 billion, the UAE minister of economy Abdullah bin Touq Al Marri revealed in his speech at the CII Partnership Summit 2023, being held in...

DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation and enhance the sustainability of the air cargo industry in the country. The license is aimed at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology...

Abu Dhabi, UAE--Commending the UAE for being in the forefront of the drive to improve gender balance in the country, Iva Hamel, the World Bank representative in the UAE, said the UAE is the most progressive country in the Middle East and North Africa in terms of women’s empowerment. She...

The expansion of infrastructure investment and medical insurance coverage will continue to drive premiums in 2023, albeit at a slower pace than in 2022, reports suggest.

The 2022 Corruption Perception Index says corruption is undermining democratic processes and fueling violence in the Middle East and North Africa region.

Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued share capital in response to strong interest.

The UAE is poised to become a hub for blockchain firms and startups, and a leading example for the rest of the world to follow. As we continue to innovate and build the ecosystem, the robust and consistent rules that are being laid out will make UAE a leading blockchain...

The Israeli-UAE trade is likely to get an added boost in the next few weeks as an anticipated signing of a customs agreement will enable the FTA signed last year to go into effect.

MANAMA, BAHRAIN -  Speaker of  the UAE Federal National Council Saqr Ghobash discussed ways to enhance cooperation with First Deputy Chairman of Ukraine Verkhovna Rada (Parliament) Oleksandr Kornienko on the sidelines of the 146th Assembly of the Inter-Parliamentary Union held here.During the meeting, they discussed parliamentary cooperation between the two...

Global economic challenges have led the UAE to review priorities and investment trends, with a focus on five key sectors: healthcare, transport and logistics, agriculture and food security, technology and green energy.

Abu Dhabi, UAE--Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation has made a phone call to Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, during which he expressed the UAE's welcome of the Riyadh and Tehran agreement...

ABU DHABI, UAE - etisalat by e& announced on Saturday the implementation of the Eutelsat Quantum satellite solution, becoming the first telecommunications company in UAE to expand 5G network capabilities over a software-defined satellite.This will give customers access to high speeds, enhanced coverage and scalability to meet future demands for...

NEW YORK, US -  Minister of Industry and Advanced Technology and COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber met UN Secretary General António Guterres and underscored  the UAE’s commitment of deepening cooperation with the world body on climate action.Guterres expressed his deep appreciation for the cooperation of the UAE’s...

The American University of Sharjah (AUS) President was taking part in an event, "Breaking the Glass Ceiling: Women in Business for a Sustainable Tomorrow," which is one of a series of events AUS is holding in celebration of International Women's Day under the theme "Embrace Equality."

The region will benefit from investment in training institutes for nursing and health professionals, Amanat Holding CEO Mohamed Hamade tells TRENDS during an interview.

Abu Dhabi, UAE -- Masdar has signed an agreement with the Cote d'lvoire's energy ministry to explore the development of a 70-megawatt solar power plant. The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led program that aims to raise public- and private-sector funds to invest...

WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al Jaber met with key US government leaders at the White House to discuss global climate issues. During the meeting on Thursday, which was convened by US Special Presidential Envoy for...

ABU DHABI, UAE - In his capacity as the Ruler of Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan  has issued a law establishing the Abu Dhabi Transport Company.An affiliate of the Supreme Council for Financial and Economic Affairs, the company will support the emirate’s integrated transport ecosystem by...

Dubai, UAE -- Al Ansari Financial Services, a remittance and foreign exchange services provider in the UAE, will be offering 7.5 million shares (each valued AED0.01) in its IPO, which will be Dubai's first in 2023.The company said in a statement that the offering represents 10 percent of its total...

Sham Sheikh Mohammed, who suffered severe crush injuries in a 40-hour ordeal under the rubble, has not yet been told that both her mother and sister died in the February 6 earthquake that killed more than 50,000 people in Syria and Turkey. Sham's story captivated Syrians and others around the...

Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the safest method, according to a new survey by Kaspersky.The survey revealed that some 18% of respondents from the Middle East experienced financial losses associated with threats when using online banking...

Dubai, UAE -- DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade in 2022, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500.During the past 10 years, Jafza has seen a 13-fold increase in logistics customers, while...

US Defense Secretary Austin also visits Baghdad to assure US support for Iraqi security, stability, and sovereignty ahead of the 20th anniversary of the US-led invasion.

Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption, and increase competence in the field of auditing.In this regard, a delegation from the UAE, headed by the Supreme Audit Institution (SAI) and participants from Abu Dhabi Accountability Authority (ADAA),...

“The Emirati woman, who is confident and capable, has demonstrated her worth and distinguished presence, serving as a role model for women worldwide. She has reached the highest positions and represented the country with distinction in prominent international forums, contributing to achievements that benefit humanity,” she adds.

The bank had posted a net profit of $985 million for 2022.

Emtelle to invest $50m to build manufacturing facility.

The Aluminum producer claimed 2022 results as its strongest ever.

The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year.

ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG) meeting held under the Indian Presidency.Attended by G20 members, invited countries, and international organizations such as United Nations Educational, Scientific and Cultural Organization (UNESCO), the meeting recently took place in...

Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly the UAE, Saudi Arabia, and Qatar — have seen advances in labor force participation, according to a PwC report published in December last year. However, they are yet to gain...

DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in real estate transactions without the need for audits.This move is in line with DLD's efforts to enhance the use of innovative solutions and achieve the goal of the Dubai Economic...

Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage sustainable development.In this connection, a UAE delegation, headed by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in fish...

The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway CCO Adnan Erriade tells TRENDS.

The UAE has utilized advanced technologies to develop capacities and meet the growing demand in these sectors. Additionally, the country aims to adopt a new and more open development model in line with the leadership's future vision and the UAE Centennial 2071, the minister adds.

SHARJAH, UAE -  The Sharjah Consultative Council (SCC) approved recommendations regarding the policy of the Sharjah Institute for Heritage (SIH), during its 10th session.Ali Mehd Al Suwaidi, SCC Chairman chaired the session.The council's work began with the ratification of the minutes of the ninth session, after which the SCC discussed...

NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al Olama said that his country has succeeded in adopting state-of-the-art, digital, and futuristic solutions as a key pillar for enhancing prosperity.Al Olama made this remark at the Raisina Dialogue 2023...

Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the country has positioned itself as a key player in the global value chain. He was speaking at...

ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to the Strategic Partnership level.The announcement came during a meeting between President Sheikh Mohamed bin Zayed Al Nahyan  and Italy's Prime Minister Giorgia Meloni at Al Shati Palace in Abu Dhabi.The...

LONDON, UK-  Six European countries on Saturday called on Israel to stop expanding its settlements in  Palestine's West Bank.Britain, France, Germany, Italy, Spain and Poland have also jointly condemned the recent attack on Israeli citizens by Palestinian groups.In a joint statement, they said, "We urge the Israeli government to reverse...

Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion) by the end of December 2022, a YoY growth of AED4.00 billion ($1.08 billion), or 1.7 percent, from about AED241.82 billion ($66 billion)  in November 2021, statistics by the Central...

Dubai, UAE--A media report that the United Arab Emirates is considering leaving OPEC is "far from the truth," two sources with direct knowledge of the matter told media.Earlier on Friday, the Wall Street Journal reported that the UAE is having an internal debate about leaving the Organization of the Petroleum...

Pushing aside their differences in relations strained by regional disputes, the oil-rich United Arab Emirates and Turkey signed a free trade agreement on Friday. Importantly, the pact comes ahead of Turkey's elections on May 14 as President Recep Tayyip Erdogan carries on with his contested economic policies that have scared...

The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices and strong energy exports in 2022, reports suggest.

DUBAI, UAE - UAE Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in Dubai.The event was hosted by the World Health Organization (WHO) Regional Office for the Eastern Mediterranean.The meeting aimed to discuss recent developments in healthy diet policies, with a special emphasis...

DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a cutting-edge device that leverages advanced sensors to locate and survey geographical areas.The device employs real-time kinematic (RTK) processing techniques to process data collected on-site and works with a smart device...

The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalization of about $50 billion. Total demand topped $124 billion, making it more than 50 times oversubscribed, ADNOC said, calling it the biggest demand yet seen for an IPO...