Author: Editorial team
BRUSSELS, 1st April, 2026 (WAM) — The European Commission has today announced a first concrete measure to reinforce the European Union Emissions Trading System (EU ETS). Today’s proposal, which follows President von der Leyen’s announcement at the March European Council, adapts the ETS’s Market Stability Reserve (MSR) enhancing stability and predictability. The Commission has proposed an amendment to the Market Stability Reserve Decision to strengthen the instrument that ensures a stable, well-functioning carbon market. Under the current system, all allowances in the reserve above 400 million are invalidated. The proposed amendment will stop the invalidation mechanism, allowing these allowances to…
ABU DHABI, 1st April, 2026 (WAM) — The Emergencies, Crises and Disasters Management Centre Abu Dhabi (ADCMC), in collaboration with the Abu Dhabi Youth Council, has launched the “Abu Dhabi Youth in Emergency Response” initiative. It aims to strengthen preparedness and reinforce the role of society as an active partner in the response ecosystem. The initiative addresses potential risks and supports the establishment of an integrated ecosystem capable of addressing diverse challenges with efficiency and flexibility. The initiative aims to engage Abu Dhabi’s youth in local response efforts and raise community awareness. It seeks to strengthen the community’s ability to…
[Editor’s Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.] As regional tensions escalate amid the ongoing Israel-US-Iran war, the economic landscape across the globe has faced the brunt, with the Strait of Hormuz’ closure sending ripples across businesses worldwide. In the UAE, small businesses are facing the harsh reality of surviving during such times. One of UAE’s largest group, Majid Al Futtaim, has announced it will be opening its platform to UAE entrepreneurs and small businesses, to help showcase their products and services. “The UAE was founded on the belief that when you create the right…
ABU DHABI, 1st April, 2026 (WAM) — A delegation from the General Secretariat of the UAE’s National Committee for Anti-Money Laundering, Combating the Financing of Terrorism and Proliferation Financing, visited today the United Nations Office on Drugs and Crime (UNODC) in Abu Dhabi, as part of efforts to enhance cooperation and coordinate initiatives in areas of mutual interest. Hamid Saif Al Zaabi, Secretary-General and Vice Chairman of the committee discussed with Dr. Hatem Aly, Regional Representative of the United Nations Office on Drugs and Crime for the GCC countries, the latest developments related to the 15th United Nations Congress on…
DUBAI, 1st April, 2026 (WAM) –The Knowledge Fund Establishment (KFE) has announced the launch of its Strategic Plan for 2026–2028, marking a continued commitment to advancing Dubai’s education ecosystem and strengthening investment in national talent, in alignment with the emirate’s vision to build a sustainable knowledge-based economy and a more prosperous and cohesive society. The new plan aligns with the Dubai Education Strategy 2033 and is closely linked to the objectives of the Dubai Economic Agenda (D33) and the Dubai Social Agenda (S33), reflecting integrated institutional efforts to support comprehensive development and reinforce Dubai’s position as a global hub for…
Imagine being able to skip the traffic and zip-line from JLT to JBR in minutes. That was the exciting — and entirely fictional — proposition from McGettigan’s and Bla Bla by McGettigan’s this April Fools’ Day in Dubai. The group announced it would introduce a two-way zipline connecting McGettigan’s in JLT to its beachfront venue at JBR, creating what they called a “first-of-its-kind experience” allowing guests to travel between the two hotspots in record time. “The concept brings together convenience and entertainment,” the announcement read, “offering a new way to experience Dubai’s hospitality scene while connecting a community-driven hub with…
ABU DHABI, 1st April, 2026 (WAM) — International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement with Mexico’s AMIGO LNG, a flagship project of LNG Alliance, securing long-term LNG supply to support growing global energy demand. Under the agreement, IRH will purchase 1 million tonnes per annum (MTPA) of LNG from the AMIGO LNG export project in Guaymas, Sonora. Deliveries are expected to begin when the project’s liquefaction train enters commercial operations in the second half of 2028. The deal…
DUBAI, 1st April, 2026 (WAM) — In a landmark step in Dubai’s digital transformation journey, 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, announced that the emirate has entered a new era in which the city is managed autonomously through data and artificial intelligence, where integrated systems and unified data work intelligently to create a more seamless, proactive, and secure living experience. H.H.’s remarks came during his visit to Digital Dubai, where he affirmed that the initiatives…
ABU DHABI, 1st April, 2026 (WAM) — ADNOC Drilling Company PJSC (ADNOC Drilling or the Company) announced today that its shareholders approved all resolutions at its Annual General Meeting (“AGM”), including the final 2025 dividend, bringing total annual dividend payments for 2025 to $1 billion. These approvals follow a defining year for ADNOC Drilling in which the Company delivered record financial and operational performance through disciplined execution, sustained utilization and expanding integrated energy services activity. In 2025 the Company delivered its strongest results in history, with revenue reaching $4.9 billion, up 22% year-on year and net profit rising to $1.45…
A new agreement between the RTA and Ministry of Family will allow parking and toll fees exemptions and reduced taxi fares for some segments of the community. The new agreement, which supports the ‘Family First’ programme, includes benefits for senior citizens, people of determination and students. Key initiatives include: Exemption of senior Emiratis from parking fees Discounted public transport fares for senior Emiratis and students Exemption of People of Determination from Salik toll fees, parking charges, public transport fares, and vehicle registration and renewal fees 50 per cent reduction in taxi fares and driver licensing fees for People of Determination…