Local News

Mubadala unit wins MRO deal from Shams Power Company

Abu Dhabi / WAM Sanad Powertech, a wholly-owned subsidiary of Mubadala Investment Company, has been awarded a contract for the maintenance, repair and overhaul (MRO) operations of the steam engine and power generator of Shams Power Company, one of the largest operational concentrated solar power plants in the world. The contract was signed during the Abu Dhabi Sustainability Week, held ...

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‘Ensuring safety of children requires effective strategies’

SHARJAH / WAM A community’s advancement is measured by the extent to which it provides care to all segments of society, particularly children, said HH Sheikha Jawaher bint Mohammed Al Qasimi on Saturday. “We must stand by [children], safeguard their rights and protect their consciousness, paving their way for a future that befits their dreams and society’s aspirations,” affirmed Her ...

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UAE gold, diamond trade hits AED258.4bn in 2018

Abu Dhabi / WAM The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country’s position as a regional centre of the trade in the Middle East. The gold and diamond trade accounted for around 15.8 percent of the UAE’s total non-oil trade in 2018, valued at AED1.628 ...

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UAE, IRENA sign MoU to ehance cooperation

Abu Dhabi / WAM In the presence of Suhail Al Mazrouei, UAE Minister of Energy and Industry, Dr Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy and Industry, and Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) signed a Memorandum of Understanding (MoU), during the Abu Dhabi Sustainability Week. The MoU aims to strengthen and ...

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Adnoc will continue to prioritise sustainability goals, says Al Zaabi

ABU DHABI / WAM Ahmed Jasim Al Zaabi, Chief Financial Officer of the Abu Dhabi National Oil Company (Adnoc), has highlighted the company’s longstanding commitment to environmental stewardship through a set of new and comprehensive sustainability goals and initiatives. Addressing some of the world’s most prominent finance professionals at the second Abu Dhabi Sustainable Finance Forum (ADSFF), Al Zaabi highlighted ...

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UAE ministry, Netherlands discuss future cooperation

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Lody Embrechts, Ambassador of the Netherlands to the UAE, discussed ways of developing economic relations between the UAE and the Netherlands. During the meeting, both sides also discussed their potential cooperation in a range of vital sectors, including agriculture, food products, industry, services, logistics, tourism, small and ...

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$50m UAE-Caribbean fund to finance more green energy projects

ABU DHABI / WAM The UAE-Caribbean Renewable Energy Fund (UAE-CREF), has entered the second cycle of its three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations, successfully completing new development and funding agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago, and Suriname. The announcement was made at Abu Dhabi Sustainability ...

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UAE to save AED11bn through blockchain implementation

Dubai / WAM The UAE could save over AED11 billion through implementing advanced blockchain technologies, a joint whitepaper by Centre for the Fourth Industrial Revolution UAE, C4IR UAE, Dubai Future Foundation and World Economic Forum, revealed. The report cites both Dubai Blockchain Strategy in 2016, and the Emirates Blockchain Strategy in 2018. Statistically, in addition to the cost savings, the ...

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Sharjah eyes more tourists from Europe

SHARJAH / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA), continues to work towards establishing a strong foothold in the Northern European tourism market. Efforts to draw in more visitors from the region will commence this year with its upcoming participation at the Matka Nordic Travel Fair in Helsinki, Finland. Set to take place from January 15 to 19, ...

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Nation Brand Office begins its operations

DUBAI / WAM The Nation Brand Office of the UAE has officially begun its task of unifying and coordinating the message of promoting the UAE’s capabilities to the rest of the world, and has also released official guidelines for the use of the Nation Brand with the launch of its new website portal: www.nationbrand.ae. The Nation Brand Office, which holds ...

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