Local News

ABU DHABI / WAM Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, has announced new packages with up to 36 percent savings as relief for freezone businesses, and support SMEs challenged by the global economic slowdown. In line with Abu Dhabi Ports and the Government of Abu Dhabi’s efforts to support and safeguard businesses, the relief ...

ABU DHABI / WAM In line with the Ministry of Health and Prevention’s plans to increase Covid-19 testing throughout the country for the early detection of infections, particularly among those who had prior contact with infected individuals, the ministry conducted 33,000 additional tests. Testing resulted in the detection of 502 new cases among various nationalities, bringing the total number of ...

OSLO / WAM UAE-linked Norwegian oil and gas operator DNO ASA, announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq. The testing has proven oil and gas in three separate Triassic aged reservoirs, Kurra China A, B and C, with testing also carried out on shallower Jurassic-aged reservoirs. Evaluation of the test ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed) released on Thursday its consolidated financial results for the first three months of 2020, reporting net profit of AE 82.2 million, an increase of three percent compared to its 2019 Q1 performance. The company said in a statement that it has taken every precaution to ensure continuous uninterrupted service is ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry revealed that it completed 106,145 electronic transactions during March and April this year, making it easier for its members to conduct their business, and reinforcing the chamber’s commitment to ensure business continuity in the emirate. The e- transactions accomplished by the chamber during this period covered, most notably Certificates of ...

ABU DHABI / WAM The UAE Dirham has appreciated against the currencies of top 10 non-dollarised import partners by 1.8 percent in 2019, according to central bank of the UAE statistics. These partners account for around 51.4 percent of the UAE’s total imports. In the meantime, the UAE currency gained more ground against the currencies of emerging economies, according to ...

DUBAI / WAM Emirates SkyCargo is leading the global cargo industry during these critical times in delivering essential supplies and commodities to people around the world, operating close to 100 daily cargo flights to a destination network spanning more than 65 cities across six continents. The air cargo carrier is currently operating 11 Boeing 777 freighter aircraft, each with a ...

ABU DHABI / WAM Khalifa University of Science and Technology has on Thursday announced promising results and findings on its research to develop ‘artificial soil’ with the necessary ingredients and properties required for the growth of plant and vegetation, thus paving the way for the agriculture sector to grow further in the UAE. A provisional patent application has been filed ...

ABU DHABI / WAM The UAE’s Federal National Council (FNC) is setting the standard in the parliamentary sector, embracing advanced videoconferencing technology to hold all of its sessions uninterrupted during the current crisis, said Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of State for Federal National Council Affairs. Al Owais said – as the council held the ...

DUBAI / WAM Dubai’s economy remains resilient to global economic headwinds caused by the negative impact of the Covid-19 outbreak. The city’s external trade in the first quarter of 2020 reached AED323 billion. Exports grew 2 percent to AED43 billion compared to the corresponding quarter last year. Imports accounted for AED189 billion while re-exports touched AED92 billion. The volume of ...