Local News

DLD, Dubai FDI to promote and attract FDI

DUBAI / WAM Dubai Land Department (DLD) and Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, joined forces to lay down a general framework that would enhance the attractiveness of investment in Dubai by attracting foreign direct investment (FDI), expanding the scope of promotions and knowledge sharing as well as organising joint activities that will directly serve ...

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Tabreed, IFC to set up district energy investment platform

ABU DHABI / WAM The National Central Cooling Company (Tabreed) and the International Finance Corporation (IFC), a member of the World Bank Group, are planning to establish a district energy investment platform in Singapore. The platform will invest in district cooling, trigeneration and cooling as a service offering with primary focus on India followed by other South East Asian countries. ...

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ADFD, Kazakhstan explore ways to bolster strategic partnership

Abu Dhabi / WAM Khalifa Al Qubaisi, Deputy Director General of Abu Dhabi Fund for Development, received at the Fund’s headquarters Zhaslan Madiyev, Deputy Chairman of the Agency for Strategic Planning and Reform of Kazakhstan. The meeting was attended by Rashed Al Kaabi, Director of Investment Department at ADFD, and senior Kazakh government officials. They explored ways to develop the ...

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Etisalat, du to use AECB’s credit reports and credit scores

ABU DHABI / WAM Al Etihad Credit Bureau (AECB’s) Credit Reports and Scores will be used by the two largest telecom operators in the UAE, Emirates Telecommunications Group Company – Etisalat and Emirates Integrated Telecommunications Company – du. The operators will put more reliance on AECB’s reports and scores while onboarding postpaid customers and devices’ purchasers in order to assess ...

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Real estate deals in Ajman hit AED793mn in February

AJMAN / WAM The value of real estate transactions in the Emirate of Ajman amounted to AED793 million in February, according to the monthly report issued by the Department of Lands and Real Estate Regulation. The report noted the stable performance of the emirate’s property market. The month witnessed the registration of 454 real estate transactions during February with the ...

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Covid-19: UAE reports 1,589 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 218,351 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, 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 ...

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Expo 2020 Dubai to mark earth’s nature and biodiversity

DUBAI / WAM Expo 2020 Dubai will celebrate World Wildlife Day 2022 to spearhead a series of programmes dedicated to wildlife conservation and biodiversity, in partnership with the UAE Ministry of Climate Change and Environment and the United Nations Environmental Programme (UNEP). UN World Wildlife Day, celebrated annually on March 3, will be marked during Expo 2020’s Climate and Biodiversity ...

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Dubai to issue long-term cultural visa to 1000 people around world

DUBAI / WAM Dubai Culture and Arts Authority announced that it will soon grant cultural visas to 1,000 creators and artists from across the world. The first initiative of its kind in the world, the cultural visa launched in 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

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Dubai cancels Ramadan tents permits for 2021

DUBAI / WAM The Islamic Affairs and Charitable Activities Department (IACAD) announced on Tuesday that all annual Ramadan tent permits in the Emirate of Dubai will be cancelled this year in compliance with government precautionary and preventive measures to stem the spread of Covid-19. Ahmed Darwish, Executive Director of Charitable Works at IACAD, clarified that that the decision to cancel ...

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Etihad Airways, Hub71 to boost Abu Dhabi’s global tech ecosystem

Abu Dhabi / WAM Etihad Airways, the UAE national airline, has signed a Memorandum of Understanding (MoU) with Hub71, Abu Dhabi’s global tech ecosystem, to support the expansion of entrepreneurs innovating in Abu Dhabi. The agreement makes Etihad the official airline partner of Hub71 which will offer more than 100 global startups within its tech community special rates and access ...

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