Local News

SPC Free Zone attracts more than 1,000 businesses

Sharjah / WAM Sharjah Publishing City Free Zone’s (SPC Free Zone) mission of creating a nurturing and supportive environment for businesses has seen it attract more than 1,000 companies since the first half of the year 2021. These include the publishing, printing and translation sectors, commercial, administrative and legal consultants and companies operating in creative sectors. This has been accomplished ...

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Adnoc Drilling IPO pricing values equity at $10 billion

ABU DHABI / Agencies The Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has set the offer price per share for the initial public offering of Adnoc Drilling Company at AED2.30, implying an equity value of $10 billion. The offer price was determined by Adnoc, as the selling shareholder, and Adnoc Drilling, following investor engagement that saw ...

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AD Ports leases 2.2m sqm of industrial land in H1‘21

ABU DHABI / WAM AD Ports Group has announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during H1 of 2021 to local, regional, and international businesses, an indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports Group’s Industrial ...

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UAE pledges AED184 million in humanitarian aid to Afghanistan

ABU DHABI / WAM The UAE has pledged to carry out direct humanitarian projects in Afghanistan worth AED 184 million ($50 million). This came during the participation of Ahmed Ali Al Sayegh, Minister of State, in the Ministerial Meeting in Support of the Humanitarian Situation in Afghanistan, chaired by UN Secretary-General Antonio Guterres. In his remarks, Al Sayegh underscored the ...

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Khalifa Fund launches project to accelerate innovation for SMEs

ABU DHABI / WAM Khalifa Fund for Enterprise Development has officially launched its ‘Level Up’ project, helping entrepreneurs, SMEs and startups, seize new opportunities that will stabilise, strengthen and scale up their business. The programme will focus on elevating priority sectors in Abu Dhabi, by accelerating the development of home-grown ventures, creating sector jobs and driving forward UAE’s transition to ...

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UAE, Korea keen to bolster military, defence relations

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received Park Jae-min, Korea’s Vice Minister for National Defence, and the accompanying delegation, who are currently visiting the UAE. The meeting was also attended by Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and a number of its senior officers and officials. ...

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UAE, Estonia discuss cooperation

ABU DHABI / WAM Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences, and Andres Sutt, Minister of Entrepreneurship and Information Technology of Estonia, discussed the cooperation between the UAE and Estonia in industry, smart cities and biotechnology. Al Amiri highlighted the UAE’s experience in advancing research and development to meet the needs of the industrial sector and ...

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1200 companies to take part in Wetex, Dubai Solar Show

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa) and Founder and Chairman of the Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show, has announced that 1,200 companies from 55 countries will take part in the 23rd Wetex and Dubai Solar Show. Dewa organises the exhibition under the directives ...

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Emirates launches its first airline virtual reality app

Dubai / WAM Emirates launched its fully-enclosed Gamechanger First Class Suites, enabling passengers to explore the airline’s signature A380 Onboard Lounge, or check out the cabin around their seats from the comfort of their homes, with the airline’s award-winning and industry-leading virtual reality (VR) experiences. Available on emirates.com to anyone with an internet connection, via the Emirates app, and now ...

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ADPHC signs deal with Ispah

Abu Dhabi / WAM Abu Dhabi Public Health Centre (ADPHC) has signed a Memorandum of Understanding (MoU) with the International Society for Physical Activity and Health (Ispah) to collaborate on the 9th Ispah Congress, to be held in Abu Dhabi in October 2022. The agreement was signed by Matar Saeed Al Nuaimi, Director-General of ADPHC, and Professor Jasper Schipperijn, President ...

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