Author: Editor

EssentaTor Inc. showcased the EssentaTor Arab Capital Strategic Liquidity Fund (the “EAC Fund”) at Money20/20 Middle East, held from September 14 to 16, presenting its vision for next-generation financial infrastructure serving Arab and global capital. At the event, EssentaTor highlighted four core areas of the EAC Fund: institutional capital custody and liquidity, joint stablecoin reserves and issuance, AI-powered individual accounts, and collaborative investment in financial, technological, and industrial development. EssentaTor is a macro-level financial infrastructure provider integrating strategic and policy frameworks, technology deployment, and institutional requirements. Through the EAC Fund, it seeks to work with central banks, commercial banks, sovereign…

KATHMANDU, 16th September, 2026 (WAM) — The UAE Relief Team held discussions with Nepal’s National Disaster Risk Reduction and Management Authority (NDRRMA) as part of ongoing efforts to urgently launch a recovery and reconstruction plan and identify priority projects to support the flood-affected areas. The meeting was held at the Authority’s headquarters in the presence of Dr. Dharam Raj Upreti, Chief Executive of Nepal’s National Disaster Risk Reduction and Management Authority, and Dr. Ahmed Al Mansouri, Head of the UAE Relief Team. The meeting addressed the latest developments in the humanitarian situation, the needs of communities in the affected areas,…

DUBAI, 16th September, 2026 (WAM) — Dubai has risen to become the world’s number one location for FinTech as ranked by industry professionals in the latest Global Financial Centres Index (GFCI). A testament to its resilience, the emirate retains its position as the only financial centre in the Middle East, Africa and South Asia region within the global top ten. In addition to its FinTech leadership driven by Dubai International Financial Centre’s vision to drive the future of finance, Dubai climbed to second place globally for Professional Services. Reflecting the continued trust and confidence in the emirate and DIFC, Dubai’s…

CAPITALS, 17th September, 2026 (WAM) — Gold prices rose more than 1 percent on Thursday after hitting a near six-week low in the previous session. Spot gold was up 1.1 percent at US$4,310.49 per ounce as of 01:49 GMT, while US gold futures for December delivery were down roughly 1 percent at $4,348.70. Spot silver rose 1.4 percent at $63.83, platinum firmed 1.6 percent to $1,780.55 and palladium climbed 2 percent to $1,295.00. Source: Emirates News Agency

MUNICH, 17th September, 2026 (WAM) — Sheikh Mohammed bin Hamad bin Saif Al Sharqi, Director-General of Fujairah Digital Government, and Dr. Ahmed Hassan Almurshidi, Director of Fujairah Geographic Information System Centre, reviewed a range of innovative technological solutions, platforms and applications during their visit to INTERGEO 2026 in Munich, Germany. They explored opportunities to utilise these technologies to support Fujairah’s strategic projects, enhance government data integration, develop the urban planning ecosystem, improve the efficiency of digital services and support data-driven decision-making. The visit comes as part of the Fujairah Government’s efforts to keep pace with the latest global developments in…

ABU DHABI, 16th September, 2026 (WAM) — EDGE Group and Hanwha have strengthened strategic cooperation on the development of an integrated air defence system. The two companies signed a Term Sheet at EDGE Group’s headquarters in Abu Dhabi, with senior executives from both companies in attendance. The Term Sheet outlines the direction of cooperation related to the UAE’s integrated air defence requirements, including the South Korean Long-Range Surface-to-Air Missile (L-SAM) system, additional Medium-Range Surface-to-Air Missile (M-SAM) capabilities, and the Chunmoo Multiple Rocket Launcher System (MRLS). The signing marks a step toward a long-term strategic partnership between the two companies, expanding…

DUBAI, 16th September, 2026 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, approved the implementation of the New Fourth Corridor project in Dubai. Extending from Al Faya Road in Abu Dhabi to Al Shanouf Road in Sharjah, the corridor will span approximately 80km and will be implemented in two phases. The first phase will extend from Al Shanouf Road in Sharjah to Dubai–Al Ain Road at a cost of around AED3.5 billion. The project will…

SHARJAH, 17th September, 2026 (WAM) — More than 80 speakers from around the world will take part in the Sharjah Investment Forum (SIF 2026), with British entrepreneur and investor Simon Squibb and Indian entrepreneur and AI developer Varun Mayya among this year’s speakers. Taking place on October 14–15 at Al Jawaher Reception and Convention Centre in Sharjah, the forum will bring their practical insights in company-building, investment and technology innovation to Sharjah’s business community. Organised by the Sharjah FDI Office (Invest in Sharjah) in collaboration with the UAE Ministry of Investment, the ninth edition will be held under the theme…

SHARJAH, 17th September, 2026 (WAM) — The Sharjah Chamber of Commerce and Industry (SCCI) held discussions with the Embassy of Zimbabwe in the UAE on enhancing bilateral economic and trade cooperation and exploring opportunities to expand business engagement between the two markets. The discussions focused on identifying investment prospects across high-potential sectors, including agriculture, mining, and tourism, and exploring mechanisms to facilitate trade flows between Sharjah and Zimbabwe, thereby creating new pathways for business growth and partnership. Abdallah Sultan Al Owais, Chairman of SCCI, received Isaac Annanias Moyo, Ambassador of the Republic of Zimbabwe to the UAE, at a meeting…

SHARJAH, 17th September, 2026 (WAM) — Sharjah Media City (Shams) has signed a Memorandum of Understanding (MoU) with Wio Bank to support entrepreneurs, startups, and small and medium-sized enterprises (SMEs) in the UAE by providing integrated digital banking solutions that simplify the business journey and support sustainable growth. The partnership reflects Shams’ ongoing efforts to develop an integrated ecosystem that supports the business community and provides innovative services and solutions to help entrepreneurs move seamlessly from establishing their businesses to managing operations and expanding their ventures. Under the MoU, Shams and Wio Business will collaborate to provide the Shams community…