The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held their second bilateral meeting in Hong Kong on Friday, December 20, to strengthen cooperation and communication between the financial services sectors of the two countries, UAE media reported.

Digital Dubai, which works in the field of digital transformation, announced that it signed a strategic partnership agreement with Dubai Future Foundation on Friday, December 20. Both are government entities working in the field of technology innovation.

The UAE Ministry of Finance announced that indirect taxes in the country generate between 10 and 11 billion dirhams in revenue annually, which constitutes a significant portion of the 65 billion dirham federal budget.

The Environment Agency Abu Dhabi (EAD) has announced the launch of the first pearl farming project in freshwater oysters in the Al Faya region.

UAE media reported that the MGX’s year-end board meeting for 2024 was held under the chairmanship of Sheikh Tahnoun bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Board of Directors of the company.

Emirates’ Air Arabia, the first and largest low-cost airline in the Middle East and North Africa, inaugurated its direct flights from Sharjah to Vienna, the capital of Austria, on Friday, December 20, during a ceremony.

The European Commission reported that in the third quarter of 2024, the EU gas and electricity markets showed resilience in ensuring security of supply.

Dubai Culture & Arts Authority (Dubai Culture) has announced that it will hold the fourth edition of Hatta Cultural Nights with the aim of introducing the historical and cultural attractions of the region.

UAE media reported that Ethiopian Prime Minister Abiy Ahmed has inaugurated an orphanage built by the UAE in the country’s Oromia region.

ADQ, the UAE’s economic investment and development company, said it has entered into a partnership with Aqua Development, a Korean aquaculture startup, to explore the feasibility of land-based shrimp farming in the UAE’s climatic conditions through the development of a pilot facility. According to Amac News: The half-hectare facility, ...

The Dubai Future Foundation (DFF) announced that it has held its AI Connect event today, Thursday, December 19.

ADNOC International Germany Holding AG (the Offeror), a wholly-owned subsidiary of XRG P.J.S.C., formerly known as ADNOC International Limited, today, Thursday, December 19, announced the final results of its voluntary public tender offer to all shareholders of Covestro AG following the expiration of the additional acceptance period.

AD Ports Group announced today, Thursday, December 19, that it has appointed Egyptian construction and engineering company Hassan Allaam to build the infrastructure of the Noatum Port - Safaga Terminal on the Red Sea coast of Egypt.

Dubai Aerospace Enterprises (DAE) Ltd announced today that it has received a total of approximately $201 million in settlements with selected insurers over aircraft previously leased to airlines in the Russian Federation in the past three months.

Dubai Electricity and Water Authority (DEWA) announced that its green hydrogen project has produced about 90 tons of green hydrogen since its launch in May 2021, the majority of which was used to generate green energy.

The gold reserves of the Central Bank of the Emirates (CBUAE) reached more than AED 23 billion by the end of the third quarter of 2024. This represents a monthly increase of 5.3%, equivalent to AED 1.164 billion, and brings the bank’s total gold reserves to AED 23.185 billion, compared to AED 22.021 billion at the end of August.

The Central Bank of the United Arab Emirates (CBUAE) has announced that it will reduce the interest rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points (from 4.65% to 4.40%). The decision will be effective from Thursday, December 19, according to the announcement.

Emirati media reported that the Willem van Roberroek dredger, owned by Dubai-based multinational port services company DP World, has arrived at the port of Ndayane in Senegal.

The OPEC Fund for International Development (OPEC Fund) has signed its first loan agreement with Montenegro, providing a €50 million loan to strengthen fiscal sustainability and the transition to a green economy for the southern European country.

ENOC Group (Emirates Oil and Gas Group) announced that it is collaborating with Drive Terra, a company that is working in the field of advancing electric vehicle technology, to deploy battery swapping stations across the UAE.