Local News

UAE sends 500,000 Covid vaccine doses to Tunisia

TUNIS / WAM The UAE has dispatched an aircraft carrying 500,000 doses of the Covid-19 vaccine to Tunisia to curb the spread of the virus. This urgent response comes in line with the directives of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to enhance the health conditions ...

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Abu Dhabi hotel occupancy hits highest since Feb 2020

Bloomberg Hotel occupancy in the capital of the United Arab Emirates surged in June to the highest level since the start of the coronavirus pandemic. Abu Dhabi hotels were 68.5% full last month, according to preliminary data from research firm STR. Revenue per available room, a key measure of profitability, was 219.81 dirhams ($59.67), the highest since February. Room rates ...

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EGA announces its Al Taweelah plant expansion

Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...

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Nasdaq Dubai welcomes listing of Emaar Properties’ $500m sukuk

Dubai / WAM Jamal Bin Theniyah, Chairman of Emaar Properties, on Tuesday rang the market-opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai. The ceremony was attended by Ahmad Al Matrooshi, Executive Board Member of Emaar Properties; Rashid Al Shamsi, Board Member of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO ...

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EGA starts second phase of Al Taweelah smelter expansion

Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...

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UAE sends 500,000 Covid-19 vaccine doses to Tunisia

TUNIS / WAM The UAE has dispatched an aircraft carrying 500,000 doses of the Covid-19 vaccine to Tunisia to curb the spread of the virus. This urgent response comes in line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to enhance the ...

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Trakhees records over 27,000 transactions in Dubai

Dubai / WAM Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC) in Dubai, succeeded in processing more than 27,000 transactions involving commercial and engineering licencing services during the first half of 2021. Abdullah Belhoul, CEO of the Department of Planning and Development at Trakhees, stated that PCFC is constantly working to maintain its excellence to ...

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FTA uncovers tax violations worth AED71.48m

ABU DHABI / WAM The Federal Tax Authority (FTA) has intensified its inspection campaigns in the local markets in collaboration with the Ministry of Economy, the Federal Customs Authority and other competent authorities to ensure compliance with tax legislation and procedures, as well as protecting consumers from trafficked products that do not meet quality specifications approved within the UAE. In ...

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Sheikh Mohammed inaugurates series of new road networks

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated a series of road networks and strategic development projects implemented with the aim of shortening the distance and transportation time between various regions and emirates in the country. Completed at a total cost of AED1.95 billion, the projects were implemented ...

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Abu Dhabi’s foodstuffs trade hits AED7.51b in five months

ABU DHBAI / WAM The value of Abu Dhabi’s foreign trade of foodstuffs amounted to AED7.51 billion during the first five months of 2021, reflecting emirate’s maintain its commercial activity levels, according to data issued by the General Administration of Customs in Abu Dhabi (Abu Dhabi Customs). In terms of foodstuff trade, the number of customs transactions reached 72,918 (66,389 ...

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