Local News

Sharjah records real estate deals worth AED26.2bn

  Sharjah / WAM The Sharjah Real Estate Registration Department (RERD) announced that during 2021, the real estate trading volume in the emirate of Sharjah recorded the highest value in four years. The department’s annual report revealed that the volume of real estate transactions in the emirate amounted to a total of AED26.2 billion last year. Abdul Aziz Ahmed Al ...

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EGA plans to build UAE’s first aluminium recycing facility

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) plans to build a 150,000 tonnes per year aluminium recycling facility, the company’s first and set to be the largest in the UAE. EGA intends to market recycled aluminium under the product name “EternAL,” the company announced on Wednesday in a statement. The facility will process post-consumer aluminium scrap such as used ...

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Abu Dhabi, Oman to boost economic ties

  Abu Dhabi / WAM Abdullah Mohammed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry, has received Dr. Ahmed bin Hilal bin Saud Al-Busaidi, Ambassador of Oman to the UAE, at the chamber’s tower in Abu Dhabi. During the meeting, which was also attended by Mohamed Helal Al Mheiri, Director General of Abu Dhabi Chamber, Al ...

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ADFD, Indonesia discuss potential strategic investment opportunities

  Abu Dhabi / WAM Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received Husin Bagis, Ambassador of the Republic of Indonesia for the UAE, at the Fund’s headquarters in Abu Dhabi. Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD, and several officials from both sides also attended the meeting. During the meeting, the ...

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UAE taking seriously threat of organised crime, fraud, money laundering, graft

  ABU DHABI / WAM The UAE is embarking on ambitious growth-focused reforms aimed at improving the ease of doing business, attracting foreign investors, creating jobs and diversifying the economy away from oil, said HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. He added that the country is also committed to combating the threat ...

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Jebel Ali Habab Pumping Station upgrade complete

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the upgrade of Jebel Ali Habab Pumping Station Phase-II & III. The total capacity of water connections at the station is 36 million imperial gallons per day (MIGD), with a total cost of AED67.44 million, said a Dewa statement on Wednesday. The upgrade process aims to promote the ...

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Slovenia marks its National Day at Expo 2020

  DUBAI / WAM Slovenia celebrated its National Day at Expo 2020 Dubai by highlighting its green heritage and push towards a knowledge economy, as well as its rich cultural traditions. Zdravko Pocivalsek, Deputy Prime Minister and Minister of Economic Development and Technology, Anze Logar, Minister for Foreign Affairs, and Oto Pungartnik, Slovenian Ambassador to the UAE, were welcomed by ...

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Trakhees completes more than 43,000 deals in 2021

  DUBAI / WAM The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, completed more than 43,000 transactions through the Licencing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. It relates to government services and licencing services for ...

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Aldar awards over AED8.5b worth of contracts in 2021

  Abu Dhabi / WAM Aldar Properties (Aldar) announced on Tuesday, that contracts awarded across its development projects in 2021 reached more than AED8.5 billion. The volume and value of work undertaken by Aldar in 2021 highlights an economic rebound in Abu Dhabi following the impact of the pandemic in 2020 and a boost to the emirate as a destination ...

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US to help UAE improve air defence system

Abu Dhabi / WAM The UAE’s air defence system has been very effective to thwart recent missile attacks on the country; still, the United States will work with the UAE to further improve the system, a top US military commander told the Emirates News Agency (WAM). General Kenneth F McKenzie, Commander of the US Central Command (Centcom), added in an ...

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