Local News

  DUBAI / WAM National Bonds, the UAE’s Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, saw its investments increased by 36% to AED11.89 billion in 2021, indicating a positive accelerated growth in the culture of savings in the UAE. The company reported an increase of 64% in sales, attributing the growth to its innovative savings ...

  Dubai / WAM Emirates Global Aluminium (EGA) and Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining company, signed an agreement to extend their exploration of potential collaboration on technology in the aluminium value chain. Saeed Mohammed Al Tayer, EGA’s Vice Chairman, and Musabbeh Al Kaabi, EGA Board member, witnessed the signing in Dubai by Abdulnasser bin Kalban, EGA’s ...

Dubai / WAM The Vision Pavilion, celebrating the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will continue to delight and enthral as part of the legacy of Expo 2020 Dubai. The pavilion – one of the undeniable highlights of more than 200 pavilions across Expo ...

Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced a new service to Jaipur, the capital of Rajasthan, starting from May 5. Abu Dhabi travellers will now be able to fly direct to Jaipur International Airport at competitive prices, the airline company said on Thursday. Jaipur or the Pink city, is the capital and ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  Abu Dhabi / WAM The foreign direct investment (FDI) inflows into the UAE recorded a 3.9 percent growth in 2021 compared to 2020 to reach nearly AED 76 billion. As a result, the total FDI balance in the country increased to reach nearly AED 630 billion by the end of 2021, highlighting a 13.7 percent growth over 2020. Over ...

  ALEXANDRIA / WAM The Arab Sea Ports Federation (ASPF) has concluded its 59th meeting, in which the UAE was elected as President of the Federation, represented by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group. The meeting, which was held at the federation’s headquarters in Alexandria recently, touched upon the progress made since the ...

  Abu Dhabi / WAM Abu Dhabi (SCAD) has announced statistical data that reflects rapid growth in most of Abu Dhabi’s oil and non-oil activities at constant prices in 2021, underscoring the effectiveness of economic policies, the robustness of Abu Dhabi’s local economy and the recovery from the Covid-19 crisis. The results announced by SCAD at constant prices indicate that ...

  Abu Dhabi / WAM Abu Dhabi Airports and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have signed an agreement to launch the “Miles on the Go” product at Abu Dhabi International Airport. Etihad Guest members can now instantly earn and spend Etihad Guest Miles when shopping at participating merchants located at Abu Dhabi International Airport. By simply ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following the completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...