Latest news with #WAM
Al Etihad
5 hours ago
- Politics
- Al Etihad
Israel committing war crimes, says Iranian FM
20 June 2025 20:55 GENEVA (WAM) Iranian Foreign Minister Abbas Araghchi said that his country's armed forces will defend Iran's sovereignty and territorial integrity with all might and by all an address to the United Nations Human Rights Council in Geneva on Friday, the top Iranian diplomat said that Iran has been subjected to an aggression that cannot be justified in any way, and "the justification for the aggression is equal to complicity.""We were supposed to meet with the Americans on June 15 to reach a very promising agreement on our nuclear programme" he said, condemning the attack against Iran's nuclear facilities as 'a major war crime, especially given the risk of environmental and public health disaster.""I stand before this prestigious institution to remind you that every member and observer of the Human Rights Council has a legal and moral duty to stand against this great injustice. The Israeli regime has launched an unprovoked aggression against Iran, which is a clear violation of the fourth paragraph of Article 2 of the United Nations Charter and is a bold challenge against all the principles and rules on which this council is based."He added: "This is an unjust war that has been imposed on my people since the morning of Friday, June 13; a war in which Israel has committed a series of illegal and criminal operations against non-commissioned military personnel, university professors and ordinary people.""Hundreds of my compatriots have been killed or injured following Israel's surprise attacks and terrorist operations against residential areas, public infrastructure, hospitals, medical centres, and even the Ministry of Foreign Affairs. Our peaceful nuclear facilities have also been targeted; Even though they are under the full supervision of the International Atomic Energy Agency and even though attacks on such facilities are strictly prohibited under international law."He underlined that Iran, as one of the founding members of the United Nations system, rightly expects each UN member countries to stand by justice, the rule of law, and the fundamental principles of humanity and morality. "Iran has been brutally invaded. This clear fact must not be allowed to be distorted by Israel and its supporters." Iran was attacked in the middle of a diplomatic process, he argued. "This action was a betrayal of diplomacy and an unprecedented blow to the foundation of international law and the UN system."
Al Etihad
6 hours ago
- Business
- Al Etihad
Mohammed bin Rashid announces changes to UAE government
20 June 2025 19:49 ABU DHABI (WAM) Following consultations and approval of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, announced on Friday changes to the UAE Highness Sheikh Mohammed bin Rashid said, 'Following consultations with my brother, His Highness the President, and with his approval, we announce today changes to the UAE government as follows: Establishment of a Ministry of Foreign Trade in the UAE government and appointment of Dr. Thani Al Zeyoudi as Minister of Foreign Trade, and renaming the Ministry of Economy to Ministry of Economy and Tourism led by Abdullah bin Touq Al Marri.'His Highness added, 'We also announce that the National Artificial Intelligence System will be adopted as an advisory member in the Council of Ministers, the Ministerial Development Council and all boards of federal entities and government companies starting from January 2026 to support decision-making in these councils, conduct real-time analyses of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors.' His Highness Sheikh Mohammed bin Rashid said, "The world is undergoing a comprehensive transformation phase… scientifically... economically... and socially... our goal is to prepare today for the coming decades... our goal is to ensure continued prosperity and dignified life for future generations."
Al Etihad
6 hours ago
- Business
- Al Etihad
Abdulla Al Hamed holds high-level meetings with global media executives in Cannes
20 June 2025 20:02 CANNES (WAM) Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council, held a series of bilateral meetings with top executives from global media and technology companies during his participation in the Cannes Lions International Festival of Creativity in was accompanied by Dr. Jamal Mohammed Obaid Al Kaabi, Director-General of the National Media meetings come as part of preparations for the upcoming the BRIDGE Summit, set to take place in Abu Dhabi this December, and are aimed at fostering strategic international partnerships and enriching the summit's content with global the discussions, Al Hamed explored collaborative opportunities in developing future-oriented media strategies, supporting media startups, leveraging advanced digital technologies to enhance national media platforms, creative marketing and data analytics, innovative digital advertising solutions, and building impactful partnerships to be showcased at the BRIDGE Hamed emphasised that these meetings reflect ongoing efforts to solidify frameworks of cooperation with regional and international partners, to empower an integrated media ecosystem that aligns with national ambitions and fosters a supportive environment for success and creativity.'We are committed to engaging with leading international media leaders to spotlight the BRIDGE Summit as a pivotal platform for shaping the future of global media,' Al Hamed said. 'The summit will serve as a collaborative space for visionary dialogue, knowledge exchange, and strategic partnerships that position the UAE at the heart of global media transformation.' Key figures who took part in the meetings included Barry O'Brien OAM, Founder & Chairman at Atomic 212; Asier Carazo, Chief Strategy Officer at Atomic 212°; Joseph Inzerillo, Executive VP at Salesforce company; Rayan Karaky, Managing Director - international expansion EMEA & South East Asia at Amazon Ads; Mohamad Itani, Head of Partnerships, EMEA, Amazon Ads; Filip Jabbour, Regional Head of Advertising, MENA at Amazon; Tanzeen Syed, Managing Director, Head of Consumer Internet and Technology at General Atlantic, and Linda Sheng, General Manager Global Business at MiniMax.
Al Etihad
8 hours ago
- Business
- Al Etihad
UAE premier strategic partner: French Trade Minister
20 June 2025 17:43 PARIS (WAM)Laurent Saint-Martin, France's Delegate Minister for Foreign Trade and French Nationals Abroad, said that the UAE holds a top-tier position in France's economic and trade policy in the Gulf region. He emphasised the depth and distinction of bilateral relations, particularly on the economic and diplomatic statements to the Emirates News Agency (WAM), on the sidelines of the 'Vision Golfe 2025', organised by the French government at the headquarters of the Ministries of Economy and Finance in Paris, Minister Laurent Saint-Martin praised the exceptional momentum in the UAE-France partnership and called for elevating cooperation to new levels, especially in industry, renewable energy, digital economy, and innovation.'The UAE is undoubtedly a priority for France among Gulf nations,' said the minister. 'It is not only a key regional and economic force, but also a modern, dynamic development model that aligns with our vision for future international relations, rooted in innovation, sustainability, and openness.'He added that France seeks to strengthen partnerships with countries that share its strategic outlook and values, stating that the UAE stands out as an ideal partner in this economic ties, Minister Saint-Martin noted that France has maintained one of the oldest and most solid records of trade and investment relations with the UAE in the Gulf region. These ties, he said, are built not on chance or temporary alliances, but on mutual trust, understanding, and long-term respect.'We have worked with the UAE for decades, and we take pride in what our companies have achieved in the Emirati market,' he said. 'Today, we have a real opportunity to expand this cooperation in line with global economic shifts, through innovation-driven, high-quality partnerships.'He urged the business communities in both countries to seize the current momentum and strengthen ties between Emirati and French companies, particularly in advanced technologies, artificial intelligence, and green transformation.'We must move beyond traditional cooperation toward productive, integrated partnerships. Our companies need to collaborate more effectively and cohesively.'On the diplomatic front, Minister Saint-Martin described UAE-France relations as solid and time-tested, backed by continuous dialogue and strategic coordination on multiple fronts, both bilaterally and in international stressed that France views the UAE as a long-term strategic partner, expressing confidence that cooperation is poised to grow further amid evolving global challenges. 'We live in a fast-changing world,' he concluded, 'and global challenges, whether environmental, digital, or economic, require trusted, forward-looking partners. The UAE is undoubtedly one of the most prominent among them.'
Al Etihad
8 hours ago
- Business
- Al Etihad
Gross banks' assets up by 1.9% to Dh 4,719.4 billion at end of March: CBUAE
20 June 2025 18:15 ABU DHABI (WAM) The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from Dh982.4 billion at the end of February 2025 to Dh986.2 billion at the end of March increase was due to the Dh5.1 billion growth in currency in circulation outside banks, overriding the Dh1.4 billion decrease in monetary money supply aggregate M2 increased by 3.3%, increasing from Dh 2,360.3 billion at the end of February 2025 to Dh 2,437.7 billion at the end of March 2025. M2 increased because of an elevated M1, and Dh73.8 billion increase in Quasi-Monetary money supply aggregate M3 also increased by 2.9%, from Dh 2,811.7 billion at the end of February 2025 to Dh 2,893.7 billion at the end of March 2025. M3 increased due to the growth in M2, and Dh 4.5 billion increase in government monetary base increased by 2.0%, from Dh 816.6 billion at the end of February 2025 to Dh 833.1 billion at the end of March 2025. The growth in the monetary base was driven by increases in currency issued by 4.1% and in reserve account by 62.0%, overriding the decrease in banks & OFCs' current accounts & overnight deposits of banks at CBUAE by 64.2% and in monetary bills & Islamic certificates of deposit by 6.3%.Gross banks' assets, including bankers' acceptances, increased by 1.9% from Dh 4,632.2 billion at the end of February 2025 to Dh 4,719.4 billion at the end of March credit increased by 1.6% from Dh 2,204.3 billion at the end of February 2025 to Dh 2,240.0 billion at the end of March 2025. Gross credit increased due to the combined growth in domestic credit by Dh 19.5 billion and foreign credit by Dh 16.2 billion. The growth in domestic credit was due to increases in credit to the; public sector (government-related entities) by 0.2%, private sector by 1.4% and non-banking financial institutions by 1.9%, while credit to the government sector decreased by 0.3%.Banks' deposits increased by 2.3%, from Dh 2,871.5 billion at the end of February 2025 to Dh 2,936.4 billion at the end of March 2025. The increase in bank deposits was driven by the shared growth in resident deposits by 2.4%, settling at Dh 2,687.8 billion and in non-resident deposits by 0.4%, reaching Dh 248.6 billion. Within the resident deposits; government-related entities deposits increased by 4.3%, private sector deposits increased by 3.1% and non-banking financial institutions deposits increased by 5.1%, while deposits to the government sector decreased by 2.3%, by the end of March 2025.
