The Latest Breaking News from WAM

Investment needs to focus on the lowest-cost, lowest-carbon oil and gas resources, said the United Arab Emirates Industry Minister, Sultan al-Jaber, at the Munich Security Conference. "For our collective security, the world will need to continue using all energy options for a long time," he was quoted as saying according…

The United Arab Emirates approved on Thursday a decision allowing cooperative associations to list shares on the local financial markets, state news agency (WAM) reported. Headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the cabinet approved a decision on the trading of…

The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, as the country seeks to diversify its income. The Gulf financial center will tax business profits over 375,000 AED ($102,000) at 9.0 percent from June next year, a statement said. The announcement is the…

The United Arab Emirates' Ministry of Defense announced Monday that its air defense forces had intercepted and destroyed a ballistic missile launched by the terrorist Iran-backed Houthi militias in Yemen at the UAE. The ministry confirmed in a statement that "there were no casualties resulting from the attack and the…

The Ministry of Health in the Gaza Strip has received a medical supplies convoy provided by the UAE, containing one million doses of the Sputnik V vaccine to fight COVID-19. The convoy arrived in the Gaza Strip through the Rafah Border Crossing, and is the largest medical support of its…

The United Arab Emirates' Ministry of Defense announced on Monday that its air defense forces intercepted and destroyed two ballistic missiles fired by the terrorist Iran-backed Houthi militias in Yemen against the country. The ministry confirmed there were no casualties resulting from the attack, as the fragments of the ballistic…

The United Arab Emirates' Ministry of Foreign Affairs and International Cooperation condemned on Monday the Iran-backed Houthi militias in Yemen for carrying out an attack against the UAE. "We reiterate that those responsible for this unlawful targeting of our country will be held accountable," it said in a statement carried…

The Abu Dhabi Police said Monday that a fire has caused the explosion of three petroleum tankers in ICAD 3, Mussafah, near ADNOC's storage tanks. Three people were killed and six others wounded, state news agency WAM said.

Sharjah Publishing City Free Zone (SPC Free Zone) has announced that in 2021, it witnessed impressive growth in the number of new company registrations with a total of 2,000 new companies from across 106 countries, mainly from the UK, India, Pakistan, the Philippines, and Lebanon, Emirates News Agency (WAM) reported.…