Local News

Abu Dhabi / WAM The UAE’s hosting of the Expo 2020 Dubai will embody its long-term efforts to create solutions that will help achieve environmental sustainability. The international exhibition will showcase the latest innovations, especially those related to renewable energy, water, recycling and green spaces, potentially making it the most sustainable edition in the event’s 160-year history. Expo aims to ...

Dubai / WAM Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced its financial results for 2019, reporting revenues of AED603.7 million for the year ended on December 31, 2019. In comparison, revenues in the same period of 2018, stood at AED643.7 million. The company also reported in a statement on Wednesday its net profit ...

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, Head of the Sharjah World Book Capital, (SWBC) Advisory Committee and Vice President of International Publishers Association (IPA) has conducted a detailed inspection visit on of the ‘House of Wisdom’ library project. The project is developed by Shurooq, the Sharjah Investment and Development Authority, and slated to open in April 2020. ...

ABU DHABI / WAM Abu Dhabi Ports announced a long-term agreement with MSC Cruises, giving the world’s largest privately-owned cruise line berthing rights at the Abu Dhabi Cruise Terminal and Sir Bani Yas Cruise Beach. The deal, signed by Director of Cruise Business at Abu Dhabi Ports, Noura Rashid Al Dhaheri, and MSC Cruise CEO, Gianni Onorato, at MSC’s headquarters ...

ABU DHABI / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, has stressed that the UAE was among the first countries that stocked up sufficient quantities of materials required for state-of-the-art checkups to detect the new coronavirus. More than 500 staff members work round the clock on communication, medical investigations and logistical support related ...

DUBAI / WAM Dubai Investments Park (DIP), unveiled that the master-planned complex, designed and developed to provide immaculate facilities, setting new standards in the region, attracted investments in excess of AED42 billion over two decades, signifying the emergence of DIP as a successful business model, facilitating a conducive environment. Considered one among the largest integrated developments in the Middle East, ...

ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD), on Tuesday signed a Memorandum of Understanding (MoU) with the United States International Development Finance Corporation (DFC), an independent agency of the US Government. The areas of collaboration outlined by the MoU include the exchange of knowledge and expertise between the two parties especially in the field of financing private ...

ABU DHABI / WAM Importing any type of waterpipe tobacco or electrically heated cigarette plugs that are not marked with ‘Digital Tax Stamps’ will be prohibited across UAE as of March 1, asserted Federal Tax Authority (FTA). The ban is in keeping with the timeline set for launching phase two of ‘Marking Tobacco and Tobacco Products Scheme’, the FTA explained, ...

ABU DHABi / WAM The Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its full year financial results for the year ended December 31, 2019, announcing a net profit up 20.7 percent year-on-year to AED284.3 million. According to Adnic’s press release, gross written premium increased by 29 percent year-on-year to AED3.76 billion and net technical profit increased by 1.6 ...

DUBAI / WAM The Ministry of Community Development launched the “Taaluf Live” service during the UAE Innovation Month of February 2020, a social sustainable development channel that provides family consultations for the first time through the ministry’s Instagram account (mocduae), including regular weekly episodes aimed at promoting communication and direct interaction with the members of the community. The service is ...