Local News

FUJAIRAH / WAM Refined product inventories at the Middle Eastern hub of Fujairah edged up 0.7 percent in the week to Monday, led by a nine percent jump in stocks of heavy residues, according to data obtained exclusively by S&P Global Platts from the Fujairah Oil Industry Zone at the Port of Fujairah. Oil products stocks totalled 22.956 million barrels ...

SHARJAH / WAM The UAE-Russian Business Forum held in Sharjah and organised by the Sharjah Economic Development Department (SEDD), in cooperation with the Ministry of Energy and Industry, discussed ways to enhance the strategic partnership between the two countries and focused on the importance of benefiting from the economic, commercial and large investment elements of both sides. It was also ...

DUBAI / WAM The UAE Food Security Office launched the open “Food Research Platform” – the first-of-its-kind in the region – with the new portal now accessible on the official website of the office, aimed at creating a knowledge database for all scientific and practical research carried out in the UAE in the field of food security. The launch coincides ...

Athens / WAM The United Arab Emirates and Greece are forging new pathways to bolster ties between the two countries, following a high-level UAE delegation visit, led by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State. Prime Minister Kyriakos Mitsotakis of Greece received Dr. Al Jaber and his accompanying delegation, as part of their official visit to the ...

AL DHAFRA / WAM Nawah Energy Company commenced loading the first nuclear fuel assemblies at Unit 1 of Barakah Nuclear Energy Plant as the initial step in process towards safely and gradually commencing operations and subsequent generation of clean electricity. The move follows the company receiving the operating licence for Unit 1 from the Federal Authority for Nuclear Regulation (FANR). ...

ABU DHABI / WAM The Abu Dhabi Government announced on Wednesday its intention to procure approximately AED10 billion ($2.72 billion) of infrastructure projects this year under its public-private partnership (PPP), model in a range of sectors across the emirate. The tenders are part of an initiative dedicated to PPPs by the Ghadan 21 accelerator programme, which focuses on economy, knowledge and ...

DUBAI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired the first meeting of the UAE’s Golden Jubilee Committee. The meeting was held at the Expo 2020 headquarters in Dubai. The meeting saw committee members discuss the UAE’s preparations to celebrate the fiftieth anniversary of the nation’s establishment. Committee members also ...

ABU DHABI / WAM Khalifa University of Science and Technology on Wednesday announced that it will be hosting the second “Mubadala-Globalfoundries-SRC Forum” in Abu Dhabi to formulate a vision and to chart future plans for the Artificial Intelligence (AI) semiconductor ecosystem in the UAE. Titled “UAE AI Semiconductor Ecosystem: Looking Ahead”, the AI R&D forum scheduled for February, 20, 2020, ...

DUBAI / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have teamed up to launch a new co-branded credit card, the Emirates Islamic Etihad Guest Visa card. With a comprehensive range of exclusive benefits available to cardholders, the Emirates Islamic Etihad Guest Visa card ...

DUBAI / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, has announced the completion and handover of Dania District, part of its award-winning Midtown development. Dania District is the second district to be completed in Midtown’s integrated urban community, which is composed of six districts. In 2019, Afnan District was announced ...