Local News

Abu Dhabi / WAM The central bank of the UAE (CBUAE) imposed on April 18, an administrative sanction on S&S Brokerage House operating in the UAE, pursuant to Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities (as amended by Decretal Federal Law No. (25) of 2020). The CBUAE found that ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday, an investment of up to $318 million (AED1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 barrels per day (bpd) at Adnoc’s largest onshore asset. The engineering, procurement and construction (EPC) contract ...

Abu Dhabi / WAM Sheikh Zayed Book Award (SZBA) revealed its cultural programme for the 30th edition of the Abu Dhabi International Book Fair (ADIBF), which will be held between May 23 and 29. In advance of its participation at ADIBF, SZBA has revealed its cultural programme during the week of the fair, which will comprise panel discussions involving winners ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD) implemented the directives of Sharjah Executive Council regarding the regulation of conducting economic activities through mobile vehicles and trucks in the emirate of Sharjah. Such thing falls within SEDD’s concerns to regulate and organise the economic sector in Sharjah at all levels through setting policies, standards, regulations, decisions and executive circulars in ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, has signed an agreement with Transportr, a leading company in digital freight services. Through the cooperation, Etihad Rail and Transportr will work together to streamline services in the logistics sector through digital solutions, such as booking, tracking, and multi-modal connectivity, providing a complete digital ...

Abu Dhabi / WAM The Abu Dhabi National Energy Company PJSC (TAQA) will host the World Utilities Congress, a new global exhibition addressing the future of low carbon power and water supplies, at the Abu Dhabi National Exhibition Centre (Adnec) from May 9-11, 2022. Organised by dmg events, the in-person event is supported by the UAE’s Ministry of Energy & ...

ABU DHABI / WAM Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank’s Member States. The first of its kind to be signed by ADEX ...

DUBAI / WAM Suhail Al Mazrouei, Minister of Energy and Infrastructure, has reiterated the UAE’s commitment to reduce carbon dioxide emissions by 70 percent and increase clean energy use by 50 percent by 2050 during the inaugural Middle East Energy virtual event. “Today, renewables alongside new technologies and services are transforming the business of supplying and delivering power. For this ...

DUBAI/ WAM Emirates and flydubai airlines will have a combined network of 168 destinations by the end of May, offering more convenience, choice and connectivity for travellers across their combined network. Since the revival of the airlines’ codeshare partnership in September 2020, close to 500,000 passengers have flown on combined network. Top destinations booked through the codeshare include Kabul, Kathmandu, ...

ABU DHABI / WAM Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, took part in the extraordinary meeting of the Organisation of the Islamic Cooperation Executive Committee at the level of Foreign Ministers, which was held upon the request of the Kingdom of Saudi Arabia to discuss the recent violence in occupied East Jerusalem and the Holy ...