Local News

  Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced it had reached half a million Barrels of Oil Equivalent a Day (boed) for the first time in its history. This achievement further establishes the company as a strategic player in the international energy sector and marks a 22 percent increase in production from 2021. The landmark was reached following ...

  Dubai /Gulf Time The well known 3C Digital Accessories brand ‘Baseus’ has launched its new-and the largest-boutique store in the Middle East at Salah Al Din Street, Dubai. The store is conveniently located right opposite Abu Baker Siddique Metro Stn. Spanning over 5000 square feet, the store showcases an extensive range of the Baseus mobile accessories with over 2000 ...

  ABU DHABI / WAM Emirates Global Aluminium (EGA) on Wednesday announced the return of “Engineer the Future”, a programme in partnership with Emirates Schools Establishment (ESE) that inspires schoolchildren in grades nine to 12 to pursue further learning and future careers in science, technology, engineering and mathematics (Stem). “Engineer the Future” sessions are delivered by enthusiastic Stem facilitators and ...

  ABU DHABI / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading financial institution, has announced that it has registered a significant increase in its digital banking channels usage during the first quarter of 2022. According to Adib, 40% of customers’ personal finance applications are now taking place digitally on its mobile app, up from 30% in Q1 last ...

  Dubai / WAM Abu Dhabi Fund for Development (ADFD) has launched the Tamkeen programme for vocational training to support the UAE’s effort to build a knowledge economy by investing in skill development of Emiratis. Supervised by experts and specialists from ADFD, the training covers diverse areas such as investment, project management, financial affairs, internal auditing, information technology, media and ...

  Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a secure network ...

  Abu Dhabi / WAM Abdulla Bin Touq, Minister of Economy of the United Arab Emirates, and Major General (Retd) Orna Barbivay, Minister of Economy and Industry for the State of Israel, signed the UAE-Israel Comprehensive Economic Partnership Agreement (UAE-Israel CEPA) in Dubai, beginning a new era of cooperation between the two nations that established diplomatic ties in September 2020. ...

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) group participated in Imex Frankfurt ‘The heartbeat of the global business events community’, which will be held until June 2, to showcase the group’s outstanding facilities, and highlight Abu Dhabi’s position as the capital of the business and leisure tourism sector in the region. Imex in Frankfurt is the ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) together with its long-standing partner Borealis AG on Tuesday announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The offering of 3,005,769,158 ordinary shares (offer shares), equivalent ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...