Local News

  Dubai / WAM The value of exports and re-exports of Dubai Chamber members grew 28.3% year-on-year (YoY) to reach AED23.1 billion in May 2022, marking the highest level since August 2018. Members’ exports and re-exports amounted to AED104.3 billion between January and May, achieving 15.8 percent YoY growth when compared to the same period last year. Over 291,000 certificates ...

  ABU DHABI / WAM Ewec, the Emirates Water and Electricity Company, has announced that production of desalinated water using low carbon-intensive reverse osmosis (RO) technology from the Taweelah RO facility has reached 50 percent capacity. Taweelah RO, connected to the Abu Dhabi network in December 2021, is now providing 100 million gallons per day of desalinated water, and will ...

Dubai / WAM As part of its strategy to diversify investment opportunities, the Dubai Financial Market (DFM) on Monday launched new equity futures contracts on individual stocks of two of its leading listed companies namely; Dubai Electricity and Water Authority (Dewa) and GFH Financial group. The new launch brings the number of companies that the DFM provides futures’ contracts on ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has announced the completion of the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “FABMISR”. The legal merger and launch of FAB’s new brand in Egypt come after obtaining all required regulatory approvals, including the final ...

  ABU DHABI / WAM Ewec, the Emirates Water and Electricity Company, has announced that production of desalinated water using low carbon-intensive reverse osmosis (RO) technology from the Taweelah RO facility has reached 50 percent capacity. Taweelah RO, connected to the Abu Dhabi network in December 2021, is now providing 100 million gallons per day of desalinated water, and will ...

  Abu Dhabi / WAM Nema Education, the academic arm of Nema Holding (formerly Abu Dhabi University Holding), has acquired 100% interest in Liwa College of Technology (formerly Emirates College of Technology). Liwa College of Technology joins several higher education institutions and professional training companies, including Abu Dhabi University (ADU), Knowledge Group (KG) and Khawarizmi International College (KIC), within Nema ...

  Dubai / WAM Enoc Group, announced on Monday that it has banned single-use plastics across its operations as well as in its head office, to align with the UAE’s vision of promoting an inclusive green economy. In March 2020, the Group announced that it will begin a phase-out of single-use plastics and today it has achieved a 100 percent ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has visited the water reservoir project Dewa is building in Hatta to review its progress. According to the project schedule, there is significant progress in the project’s work at 36.259% compared to the 32.6% target. The project has a capacity of 30 ...

  Dubai / WAM The Higher Committee of the Al Quoz Creative Zone Development Project held a meeting, presided over by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, to review the Project’s progress and achievements in its first year. As part of the ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Vladimir Putin of Russia on his country’s Independence Day celebrations, otherwise known as ‘Russia Day’. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent similar messages ...