News ADSCC has conducted the first pediatric ovarian preservation procedure in the UAE. The Abu Dhabi Stem Cells Centre (ADSCC) has successfully performed the UAE's first ovarian preservation procedure on a 7-year-old Emirati patient diagnosed with acute lymphoblastic leukaemia, in collaboration with ART Fertility Clinic. This breakthrough reflects ADSCC's commitment to keeping patient outcomes and quality of life at
News The UN has allocated $100 million to enhance the response to 10 humanitarian crises. The United Nations (UN) has announced the release of US$100 million from the Central Emergency Response Fund (CERF) to address critical underfunding of humanitarian emergencies across 10 countries in Africa, the Americas, Asia, and the Middle East. The UN Office for the Coordination of Humanitarian Affairs (OCHA) issued a
News WHO has initiated a global strategic preparedness and response plan to control the outbreak of mpox. The World Health Organization (WHO) has initiated a global Strategic Preparedness and Response Plan to prevent human-to-human transmission of mpox through coordinated global, regional, and national efforts. This comes after the WHO Director-General, Tedros Adhanom Ghebreyesus, declared a public health emergency of international concern on 14th August. The plan covers
News Emirati women are essential partners in the development of the UAE, according to Mohamed Al Hussaini. Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasized the crucial role of Emirati women in driving the UAE's development and prosperity. He highlighted the unwavering support from the UAE leadership in empowering women across various sectors. On Emirati Women’s Day, Al Hussaini praised the
News Portfolio management companies and investment funds experience a surge of AED35 billion in assets under management (AUM), as reported by the SCA. The Securities and Commodities Authority (SCA) announced that companies licensed to manage portfolios and investment funds in the UAE have seen a significant increase in Assets Under Management, reaching around AED35 billion. This growth is attributed to SCA's efforts to develop the asset management sector in the UAE
News UAE leaders extend congratulations to the President of Moldova on Independence Day. President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Maia Sandu of Moldova on the occasion of her country's Independence Day. Additionally, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness
News TRENDS and the Geneva School of Diplomacy have launched a strategic partnership and training programme. The TRENDS International Training Institute, a subsidiary of TRENDS Research & Advisory, has announced a strategic partnership with the Geneva School of Diplomacy and International Relations (GSD). This partnership aims to strengthen TRENDS' position in training and professional development and aligns with its goal of becoming a global leader
News The Dubai Chamber of Commerce has introduced an ESG Label aimed at promoting sustainable business practices. The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has introduced a new Environmental, Social, and Governance (ESG) Label to promote sustainable business practices. Aligned with the UAE’s ‘Year of Sustainability’ and developed by the chamber’s Centre for Responsible Business,
News "FNC Speaker emphasizes the essential role of Emirati women in driving development." Saqr Ghobash, Speaker of the Federal National Council (FNC), emphasized the influential role and outstanding achievements of H.H. Sheikha Fatima bint Mubarak (The Mother of the Nation). She serves as the Chairwoman of the General Women's Union, President of the Supreme Council for Motherhood and Childhood, and
News ADNOC uses AI technology to optimize processes. ADNOC has deployed Neuron 5, an AI-enabled process optimization technology, at its Northeast Bab field and Taweelah gas compression plant. The system autonomously monitors critical equipment to optimize processes and enable preventative maintenance, reducing downtime and improving efficiency. Neuron 5 will be rolled out across all ADNOC facilities. The technology
News UAE condemns Israeli Minister’s plan to build a synagogue inside Al-Aqsa Mosque. The United Arab Emirates strongly condemns the recent statements made by an Israeli minister about constructing a synagogue within the Al-Aqsa Mosque. We demand that Israel respects the historical and legal status of Jerusalem. It is imperative that Al-Aqsa Mosque is fully protected, and all provocative violations are immediately halted.
News The UAE Sports Minister greeted his Egyptian counterpart at the UAE Olympic House in Paris. Dr. Ahmed Belhoul Al Falasi, Minister of Sports, welcomed Dr. Ashraf Sobhi, Minister of Youth and Sports of the Arab Republic of Egypt, at the UAE Olympic House in Paris, in the presence of Alaa Youssef, Egyptian Ambassador to France. Dr. Al Falasi and his Egyptian counterpart discussed ways to
News Cleveland Clinic Abu Dhabi has conducted 664 life-saving transplants since 2017 in support of World Organ Donation Day. Celebrating World Organ Donation Day, Cleveland Clinic Abu Dhabi, part of the M42 group, has achieved a significant milestone as the UAE's first multi-organ transplant center. Since its establishment in 2017, Cleveland Clinic Abu Dhabi has successfully performed 664 life-saving transplants, thanks to the generosity of numerous donors
News During the first half of 2024, Awqaf Dubai achieved a record high occupancy rate of 99.6% for its properties. The Endowments and Minors’ Trust Foundation (Awqaf Dubai) achieved its highest-ever occupancy rate of 99.6 percent during the first half of 2024. Even more impressive, the Foundation added 1,887 new units to its portfolio over the past five years. By the end of the first half (H1) of
News UAE's AI Office and Samsung partner to bring Samsung Innovation Campus to UAE AI Camp 2024. The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office and Samsung Gulf Electronics have announced a partnership to integrate Samsung's Innovation Campus (SIC) into the UAE AI Camp 2024. This collaboration aims to promote AI learning among the UAE's youth in line with
News ADNOC's listed companies reported a combined revenue of AED 89 billion in the first half of 2024. ADNOC Group’s listed portfolio companies have reported strong financial results for the second quarter and first half of 2024. The six companies reported a combined revenue of AED 89 billion, AED 28.4 billion of earnings before interest, taxes, depreciation and amortization (EBITDA), and a net profit of more
News Kuwait is mourning the loss of Sheikh Salem Al-Ali Al-Sabah. The Emiri Diwan of the State of Kuwait announced on Monday the passing of Sheikh Salem Al-Ali Al-Sabah, Chief of the Kuwaiti National Guard. He passed away at the age of 98 after many years of dedicated service to his country. According to a statement released today and reported by
News DWTC's Hospitality Division experiences exceptional growth in H1 2024 due to external events. Dubai World Trade Centre (DWTC) has reported impressive results for its Hospitality business in the first half of 2024. The division has established itself as a leading provider for external events and on-site catering services, along with its well-known reputation for catering at DWTC venues. There has been a significant
News The UAE economy is experiencing strong growth in real estate, tourism, and manufacturing, according to OPEC. The Organization of the Petroleum Exporting Countries (OPEC) reported that the UAE's economy is experiencing strong growth, particularly in non-oil sectors such as real estate, tourism, and manufacturing. According to OPEC's Monthly Oil Market Report (MOMR) for August 2024, there was a slight increase in housing,
News The ILO is concerned about the number of unemployed youth despite the falling unemployment rate. The latest report from the International Labour Organization (ILO) indicates an improvement in the global labor market outlook for young people over the past four years. This positive trend is anticipated to continue for an additional two years. However, the report, titled Global Employment Trends for Youth 2024 (GET for
News The FTA has approved AED2.45 billion in home-construction tax refunds for UAE nationals. The Federal Tax Authority (FTA) has approved a total of 30,920 applications for Value Added Tax (VAT) refunds worth a total of AED 2.54 billion. These applications were submitted by Emirati citizens for taxes incurred on building new residences. This covers the period since the service was launched
News The Youth Council has introduced initiatives to support young entrepreneurs and empower the youth. Emirates Integrated Telecommunications Company (EITC)'s du division has introduced educational programs aimed at promoting technological proficiency and innovation among young people. One of these initiatives is the "Skillpreneurship" program, designed to empower youth by providing a platform for them to utilize their talents for entrepreneurial endeavors
News Kuwait's Warba Bank issues $500 million Sustainability Sukuk, welcomed by Nasdaq Dubai. Nasdaq Dubai is pleased to announce the listing of $500 million Sustainable Trust Certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This marks the fourth listing under their $2 billion trust certificate issuance programme. In a statement released on Monday, Nasdaq Dubai stated, "This is a significant listing
News 15% of all Foreign Direct Investment (FDI) in Dubai comes from DMCC. DMCC, which is the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has announced its key performance results for the first half of 2024. The organization has recorded 1,023 new member companies, bringing its total to almost 25,000 companies. DMCC now
News DEWA organizes 'Youth Forum' for International Youth Day 2024. The Dubai Electricity and Water Authority (DEWA) Youth Council organized the "Youth Forum" in conjunction with International Youth Day 2024, observed annually on 12th August. The forum was inaugurated by Saeed Mohammed Al Tayer, MD and CEO of DEWA, and included a series of activities and panel discussions