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  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced the early, full repayment of the project finance facilities extended by 13 export credit agencies and banks for the development of the company’s Al Taweelah smelter in Abu Dhabi. The project financing was extended to Emirates Aluminium, now an EGA subsidiary, for phase one of the project in ...

  Abu Dhabi / WAM AD Ports Group has announced the signing of an agreement with China-based Shandong Port Group, to establish a Tyre Hub at Kizad for the storage and distribution of tyres. AD Ports Group will provide space for an upcoming 150,000 sqm facility in Kizad under its Industrial Cities and Free Zone Cluster. This will include warehouse ...

  Dubai / Gulf Time As the year draws to a close, a high volume of passengers are expected to surge through Dubai International to meet their travel plans for the New Year celebrations and the holidays season. With nearly 1 million travellers departing and arriving into Dubai, the peak travel period will last through January 10, 2022. In line ...

  Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) has issued the ‘2020 Annual Technical Report for Water, Wastewater, and Electricity Sectors in the Emirate of Abu Dhabi’, as part of its role as the regulatory entity tasked with monitoring and enhancing the energy sector’s performance in the emirate. The objective of the report is to enable ...

  Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) launched a report titled ‘Creative Dubai: Dubai’s Growing Cultural Industries’, which provides a comprehensive overview of Dubai’s cultural sector and charts a roadmap for its growth by proposing a strategy focused on seven enabling factors. The report outlines Dubai’s potential to become a global cultural hub and a pioneer ...

  ABU DHABI / WAM Since the onset of the Covid-19 pandemic, Abu Dhabi has presented an exemplary model for pandemic response, recovery and mitigation. The model saw the emirate topping several lists as it was consistently named among the world’s leading cities in effective pandemic response. The emirate ensured the health and safety of its community by providing treatments ...

  Bloomberg Hong Kong’s biggest remaining pro-democracy news outlet closed after becoming the target of a national security investigation, capping a year of historic strokes by Beijing to silence dissent in the Asian financial center. Stand News announced on Wednesday on Facebook that it would immediately lay off all staff and cease operations, and take down its website and social ...

  Bloomberg Pressure is piling on President Jair Bolsonaro to provide more financial aid to Brazilian states affected by heavy rains that have left several cities underwater and thousands of people homeless. The president, who’s vacationing at a beach in the south of country, published a decree setting aside 200 million reais ($35.5 million) to rebuild highways and roads destroyed ...

  Abu Dhabi / WAM The drivers of the UAE’s economy in 2021 included five key pillars, which are the launch of an industrial strategy worth AED300 billion, the start of trading in Murban crude oil, the launch of the first projects of the “Projects of the 50”, Expo 2020 Dubai, and the announcement of President HH Sheikh Khalifa bin ...

  Abu Dhabi / WAM The Emirates Development Bank (EDB) has announced that its Business Banking App has supported more than 500 UAE-based SMEs and start-ups by opening accounts for them in less than 48 hours over the past three months, reinforcing its growing demand and the significance. Designed to support the SMEs operating within the UAE, the app offers ...