Local News

ABU DHABI / WAM Adnoc Logistics & Services will test biofuel as a bunkering fuel for ships, in an effort to comply with the 2020 sulphur cap, the company’s Chief Executive Officer Captain Abdulkareem Al Masabi said. Al Masabi stated that Adnoc has applied the regulations by November 2019 across its entire fleet, which totals 28 ships, and the company ...

RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (Rakbank), announced a consolidated net profit of AED1,095.3 million for the full-year of 2019, increasing by AED177.7 million over the previous year. According to a press release issued by the Bank on Wednesday, the growth in the bank’s net profit was driven by the improved net interest income, ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has announced that it will increase frequencies on its popular Abu Dhabi to Athens route during the busy summer peak months. According to a press release issued by Etihad on Wednesday, the additional overnight service will be operated between July 8 and August 31 by an Airbus A320 ...

DUBAI / WAM Luxembourg has joined the Country in Residence programme in Area 2071, an initiative of Dubai Future Foundation (DFF), to reinforce knowledge and experience exchange between Luxembourg and the UAE. The collaboration will ensure a collaborative effort to develop innovative solutions to future challenges in key sectors. Luxembourg is the sixth country to join the initiative. DFF launched ...

DUBAI / WAM Commercial complaints in Dubai showed a remarkable decline in 2019, as sustained campaigns by Dubai Economy to reach out to traders and resolve their complaints amicably helped improve relations within the business community and enhance business competitiveness in Dubai. The Commercial Compliance and Consumer Protection (CCCP), sector in the Dubai Economy received 770 commercial complaints in 2019, ...

Sharjah / WAM Expo Centre Sharjah is once again set to host the region’s only exhibition dedicated to visual disability technologies, (Sight ME), from February 11-13, displaying innovations and technologies in the field of specialised aids for the blind and the visually impaired. The exhibition will be organised by the Emirates Association of the Visually Impaired at the Expo Centre ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved a decision to waive fees on various government services offered in Dubai, aimed at lowering the cost of living, facilitating the ease of doing business, and supporting investors. The waived fees include those for medical training ...

ABU DHABI / WAM FTSE Russell, the global index, data and analytics provider, on Wednesday, agreed to enter into a full index partnership with the Abu Dhabi Securities Exchange (ADX), to become its benchmark administrator for domestic equity indexes in Abu Dhabi. The signing ceremony took place at the ADX in the presence of Khalid Bin Shaiban Al Muhairi, Chairman ...

DUBAI / WAM Dubai Business Events (DBE) recorded a total of 301 successful bids for meetings, conferences and incentives in 2019, set to attract an expected 150,095 delegates to Dubai over the coming years. This will deliver approximately 620,000 room nights for the city, and, added to wins from previous years, the total expected hotel room night pipeline stood at ...

DUBAI / WAM Dubal Holding have announced that they have signed a Memorandum of Understanding, with Electricite De France (EDF) Group, to explore possible collaboration in the development of thermal power plants, technical support services, district cooling and sustainable energy solutions in the GCC, as well as “green” and electricity business opportunities in Brazil and elsewhere. The MoU was signed ...