Local News

UAE automotive trade hits AED68.8b in nine months

ABU DHABI / WAM UAE’s automotive trade, including cars, tractors and other vehicles, amounted to around AED68.8 billion from January through September 2020, figures by the Federal Competitiveness and Statistics Centre (FCSC) have shown. One of the largest automotive markets (including cars, parts and accessories, trailers and semi-trailers, trucks, public transport vehicles, tractors, other) in the GCC, UAE has over ...

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Dubai’s trade with Indonesia hits AED5.4b

DUBAI / WAM Dubai trade with Indonesia stood at AED5.4 billion: AED4.42bn of imports, AED600mn of exports, and AED380mn of re-exports, according to Dubai Customs’ Director-General. “Major commodities included jewellery, mobile phones, textiles and aluminium,” Ahmed Mahboob Musabih said, during his meeting with Hussein Baqis, Indonesian Ambassador to the UAE. The meeting was aimed at discussing means to develop mutual ...

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Preservation of environment a shared responsibility: Khalifa

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that the “National Environment Day” marked for the twenty-fourth year in a row is an important occasion in which the country renews commitment to preserve the environmental resources and natural wealth. In a speech marking the 24th National Environment Day, Sheikh Khalifa said, “We celebrate ...

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Abu Dhabi to organise International Defence Conference on Feb 20

Abu Dhabi / WAM Over 26 global industry leaders, specialists, and experts will attend the International Defence Conference 2021, held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, on February 20. Held as a hybrid event for the first time in its history, the conference will be held both at the Adnoc Business Centre, as ...

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‘Mohamed bin Zayed Majlis’ returns with new and interactive format

ABU DHABI / WAM The Mohamed bin Zayed Majlis for Future Generations (MBZMFG) returns for its third session on March 14, in a completely new format to promote constructive and interactive dialogue under the theme ‘Thriving in The Next Normal’. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...

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Covid-19: UAE reports 4,075 new recoveries

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 173,952 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 ...

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Rakbank reports AED505.4mn net profit for 2020

Ras Al Khaimah / WAM The National Bank of Ras Al Khaimah (Rakbank) announced a consolidated net profit of AED 505.4 million for the full-year of 2020. In a statement on Wednesday, Rakbank said, “The bank’s results reflect the impact of the pandemic on our customers and the economy whereby total assets stood at AED 52.8 billion, and gross loans ...

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Abu Dhabi set to reopen schools on February 14

ABU DHABI / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee, has approved the resumption of in-classroom education for all grades in Abu Dhabi schools from February 14, while keeping e-learning as an option until the end of the school year. In a statement the committee said it “has approved a preventive protocol specific to the schooling community, encompassing ...

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UAE launches programme to draw world’s elite graduates to help shape its future

DUBAI / WAM The UAE Government has launched a programme to attract elite graduates from distinguished educational institutions in the UAE and the world, and involve them in creating innovative solutions for the UAE’s future. The “Moonshot 2071” Apprenticeship Programme, will seek to develop pioneering ideas for the UAE’s next 50 years, and design the future of governments. Organised by ...

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Abu Dhabi’s pension fund, Adnoc sign AED3.3bn real estate deal

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has signed and completed a strategic real estate investment partnership with Abu Dhabi Pension Fund (ADPF). The transaction is ADPF’s third successive energy infrastructure and real estate asset partnership with Adnoc and marks ADPF’s largest single transaction with Adnoc to date. The ADPF partnership ...

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