DUBAI / WAM Dubai Maritime City Authority (DMCA) announced a move to strengthen its bunkering fleet in Dubai waters as part of an advanced step towards organising, facilitating and enhancing maritime activity. The DMCA has increased the number of licensed vessels to 12 ships for supplying fuel across the emirate’s territorial waters. The decision was made in conjunction with the ...
Read More »
Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) expects livestock and crop production to reach about 694,110 tonnes by the end of 2020, which means an increase of 16 percent as compared to nearly six percent in 2019. In 2019, the total production in Abu Dhabi’s agri-production including livestock and crop sectors reached nearly 654,637 ...
Read More »
ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem based in Abu Dhabi Global Market Square, on Monday announced the latest startups to have been selected for the Hub71 Incentive Programme’s second cohort of the year. The eleven startups come from all over the world, including: Bahrain-founded Tarabut Gateway, the first and largest regulated open banking platform that connects ...
Read More »
Abu Dhabi / WAM The UAE government’s efforts to provide financial aid and other social benefits to citizens intensified in 2019. These efforts were highlighted by rise in aid in 2019, reaching AED7.46 billion, an increase of 2% compared to AED7.32 billion in 2018. Financial aid and social benefits accounted for 13.4 percent of total federal government expenditures in 2019, ...
Read More »
ABU DHABI / WAM Value of funds collected through the UAE Direct Debit system (UAEDDS) of the central bank of the UAE (CBUAE) rose by 7 percent to AED61 billion in 2019 from AED57 billion in 2018, according to figures released by the CBUAE. The statistics noted the increase in the funds settled through the UAEDDS was matched with a ...
Read More »
Abu Dhabi / WAM Wizz Air Abu Dhabi, the newest national airline of the UAE, announced on Sunday that it will fly two new Airbus A321neo aircraft and offer six routes from Abu Dhabi starting October 1. Tickets are on sale on wizzair.com and the airline’s mobile app, with fares starting at AED 129. Wizz Air Abu Dhabi, the joint-venture ...
Read More »
Dubai / WAM The UAE Ministry of Economy and the China Council for the Promotion of International Trade (CCPIT) have announced that they will together host the first China-UAE Economic and Trade Digital Expo on July 15, a platform designed to reinvigorate trade activities between the two countries as they seek to lay the foundations for bilateral trade in the ...
Read More »Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC) issued a Decision reappointing Saeb Eigner as Chairman of the Dubai Financial Services Authority’s (DFSA) Board of Directors. His Highness also appointed Fadel Al Ali as Deputy Chairman of the Board and Abdul Wahid Al ...
Read More »
ABU DHABI / wam Etihad Aviation Group announced the launch of Al Watani programme, a new local content programme for suppliers who would like to partner with the national airline of the UAE to provide their products and services. Vendors across the supply chain are encouraged to join the Al Watani programme provided they fulfil its application criteria. To be ...
Read More »
Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity that supports sustainable economic development at home and abroad, has announced a significant initiative whereby it has decided to suspend debt service repayments during 2020 for eligible countries, as well as individual businesses, in the developing world upon request for forbearance. The sole objective behind ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.