Abu dhabi: Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Abu Dhabi Awards has opened nominations for its 12th edition. This year marks the 20th anniversary of the initiative, celebrating two decades of honouring individuals who have contributed to the UAE community. According to Emirates News Agency, to commemorate this milestone, nine landmarks across Abu Dhabi, including ADGM, Mubadala tower, Al Ain City Municipality, Al Dhafra Region Municipality, Khalifa University, the Capital Gate, and W Hotel Abu Dhabi, were illuminated in yellow on Tuesday evening. This gesture serves as a sign of gratitude for

Kuwait city: The price of oil in Kuwait saw a decline, with figures dropping by 28 cents to reach US$71.01 per barrel on Tuesday, as reported by the Kuwait Petroleum Corporation on Wednesday. This marks a decrease from Monday’s price of US$71.29 per barrel. According to Emirates News Agency, the global oil market also experienced a downward trend. Brent crude oil prices fell by 82 cents, settling at $68.39 per barrel. Similarly, West Texas Intermediate saw a decrease of $1.05, bringing its price down to $66.15 per barrel.

Dubai: The Dubai Gold and Commodities Exchange (DGCX) has reported a robust performance in the first half of 2025, with over 1 million contracts traded by the end of June, marking a 30 percent year-on-year increase in average daily volumes. According to Emirates News Agency, the strong performance reflects the heightened demand for hedging instruments amid global market volatility, with gold contracts and the INR Quanto product leading the uptick in trading activity. The standout performer of the period was DGCX’s Shariah-compliant Gold Spot Contract (DGSG), which saw the value of trades increase from US$15.6 million in H1 2024 to

Abu dhabi: President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15 percent tax on goods imported from that nation. ‘We just completed a massive Deal with Japan, perhaps the largest Deal ever made,’ Trump wrote on his Truth Social platform, noting that Japan will invest US$550 billion into the United States, which will receive 90 percent of the profits. According to Emirates News Agency, Trump’s announcement is potentially the most significant of his trade deals to be unveiled so far, following preliminary agreements with the Philippines, Indonesia, the United Kingdom, and Vietnam.

Bucharest: More than 8,300 individuals secured employment in Bucharest during the first half of 2025, including over 4,200 women and 3,172 people aged between 35 and 45, according to data released on Wednesday by the Bucharest Municipal Employment Agency (AMOFM). According to Emirates News Agency, Romania’s national news agency, AGERPRES, reported that most of those employed-3,198 individuals-had completed high school education. This was followed by 2,257 individuals who held higher education qualifications and 1,718 who had professional education backgrounds. The data further indicated that 31 percent of those employed between January and June 2025 were categorised as hard-to-employ individuals. Additionally,

Abu dhabi: First Abu Dhabi Bank (FAB) has delivered a record financial performance in the first half of 2025, reporting a net profit of AED10.63 billion, up 26 percent year-on-year, surpassing the AED10 billion mark for the first time in a half-year period. According to Emirates News Agency, earnings per share grew 27 percent year-on-year to AED0.93 in the first half of 2025, with Return on Tangible Equity (RoTE) standing at 20.5 percent. This is in line with FAB’s medium-term guidance of above 16 percent. Profit before tax increased 29 percent to AED12.83 billion, driven by a 16 percent year-on-year

Abu dhabi: Their Highnesses the Supreme Council Members and Rulers of the Emirates have sent congratulatory messages to President Abdel-Fattah El Sisi of the Arab Republic of Egypt on the occasion of the July 23rd Revolution anniversary. According to Emirates News Agency, the messages were sent by Their Highnesses the Rulers, including Sheikh Dr. Sultan bin Mohammad Al Qasimi of Sharjah, Sheikh Humaid bin Rashid Al Nuaimi of Ajman, Sheikh Hamad bin Mohammed Al Sharqi of Fujairah, Sheikh Saud bin Rashid Al Mu’alla of Umm Al Qaiwain, and Sheikh Saud bin Saqr Al Qasimi of Ras Al Khaimah. The Crown

Abu dhabi: The Central Bank of the United Arab Emirates (CBUAE) and Presight have announced the launch of a joint venture aimed at supporting the Financial Infrastructure Transformation programme (FIT) initiated by the CBUAE. This partnership is a significant step in the UAE’s efforts to integrate artificial intelligence into its financial ecosystem. According to Emirates News Agency, the signing ceremony was attended by key figures, including Khaled Mohamed Balama, Governor of the CBUAE, and Mansoor Ibrahim Al Mansoori, Vice Chairman of Presight. Ebrahim Obaid Al Zaabi of the CBUAE and Thomas Pramotedham of Presight signed the agreement. The joint venture