Local News

  Abu Dhabi / WAM The net investments of non-Arab foreigners in local stocks rise to over AED15.54 billion since the start of 2022, in light of the UAE’s investment attractiveness and the strong performance of listed companies, supported by the strength and robustness of the country’s economic foundations. According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors ...

  Dubai / WAM The Department of Planning and Development — Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during the first half of 2022, registering a growth of 22 percent as against the same period last year. The Licencing Department provides corporate licencing services to local and ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and until June 30. These reductions were from identifying 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load. The service sends instant notifications to ...

  Dubai / WAM Emirates has announced that its flagship A380 service will be introduced for the first time to Bengaluru from October 30 to serve its customers on the busy route. Emirates became the first airline to operate scheduled passenger services utilising the A380, the world’s largest commercial aircraft in service, at Bengaluru’s Kempegowda International Airport. The aircraft upgrade ...

  SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has announced the launch of its direct flights from Sharjah to the city of Milan in Italy. The new direct flights will connect Sharjah International Airport with Milan Bergamo Airport with four weekly flights starting from December 7. Adel Al Ali, ...

  Abu Dhabi / Gulf Time Khalifa University of Science and Technology, a consistently top-ranked research-intensive university based in Abu Dhabi, has developed a new method to manufacture customised glasses using 3D printing that could help people with colour blindness. Colour Vision Deficiency (CVD) is an inherited ocular disorder that manifests itself in limiting the retina cones’ ability to transmit ...

  Dubai / WAM Dar Al Ber Society spent more than AED206, 541,000 during the first half of 2022, benefitting 2.9 million people worldwide through charitable and sustainable development projects. The number of projects reached 22,517 inside the UAE and in several regions around the world. Dr Muhammad Suhail Al Muhairi, CEO and Managing Director of Dar Al Ber Society, ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Indian President Droupadi Murmu on the occasion of her country’s Independence Day, which is celebrated on August 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent ...

  Dubai / WAM Dubai Financial Market (DFM) on Monday announced that it has obtained the approval of the Securities and Commodities Authority (SCA) to allow the Dubai Gold and Commodities Exchange (DGCX) licensed brokerage firms to become DFM derivatives members and to provide their services in the market for the first time. Currently, there are approximately 21 DGCX brokers ...

  Dubai / WAM The Museum of the Future signed a strategic partnership agreement with Dubai Electricity and Water Authority (Dewa) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy. The agreement aims to pave the way for constructive research that helps solve today’s ecological challenges. This agreement is working towards enhancing Dubai’s ...