ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of Central Bank of the UAE (CBUAE) under the chairmanship of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. Pursuant to the Decree, the Board of Directors of the CBUAE ...
Read More »Local News
Masdar-led group reaches financial close on 300MW Jeddah solar plant
ABU DHABI / WAM The consortium led by Masdar and EDF Renewables, both global leaders in renewable energy, and Nesma Company, announced on Saturday it has reached financial close on a 300-megawatt (MW) utility-scale photovoltaic (PV) solar power plant in Jeddah and is starting construction. The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy awarded the ...
Read More »UAE hotel occupancy rate hits second highest in 2020
ABU DHABI / WAM The UAE tourism sector performed outstandingly in 2020 despite the impact of the Covid-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020 — the second highest in the world behind ...
Read More »UAE records world’s second highest hotel occupancy rate
Abu Dhabi / WAM The UAE tourism sector performed outstandingly in 2020 despite the impact of the Covid-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020 – the second highest in the world behind ...
Read More »UAE rewrites region’s scientific history
Mohammed Jalal Al Rayssi Director-General of WAM Abu Dhabi / WAM With the announcement of the selection of the second batch of Emirati astronauts, the UAE is rewriting the scientific history of the Arab region and proving that its entry into the space sector was not a coincidence or some type of propaganda. In a new step that translates to ...
Read More »Sharjah set to host children’s reading festival from May 19
Sharjah / WAM The Sharjah Book Authority (SBA) announced that 12th Sharjah Children’s Reading Festival (SCRF) will be held from May 19 – 29 at Expo Centre Sharjah, in strict adherence to all Covid-19 measures recommended by the UAE health authorities to ensure the safety of participants and visitors. Entitled, ‘For your imagination’, the globally renowned 11-day event will showcase ...
Read More »FTA, SEDD host second tax workshop for industrial investors
Sharjah / WAM The Federal Tax Authority (FTA) and Sharjah Economic Development Department (SEDD) organised the second virtual tax workshop for investors in the industrial sector. This workshop dealt with the country’s legislation and tax procedures, with the aim of overcoming obstacles that investors may face to provide support to companies and factories operating in the emirate. Also, it highlighted ...
Read More »Dewa’s Smart Living initiative saves AED52.6 million in 2020
Dubai / WAM The Dubai Electricity and Water Authority (Dewa) has won the 2020 Hamdan Bin Mohammed Programme for the Government Services Flag for its Smart Living initiative, which helps customers monitor their water and electricity consumption digitally and proactively, without needing to contact DEWA. This is a new milestone, reinforcing its track record of accomplishments and awards. Since its ...
Read More »Covid-19: UAE reports 466,804 total recoveries
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 237,130 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...
Read More »UAE launches ‘facial biometrics tech’ for government services
DUBAI / WAM The UAE Government announced that it will employ biometric face recognition (Facial ID) to register customers in the “UAE Pass†application, as part of its plan to launch the first safe digital national ID for citizens and residents. The UAE Pass app is the first national digital identity and signature solution that enables users to identify themselves ...
Read More »