SHARJAH / WAM Arada announced that its total value of sales rose 33% in 2019 compared to the previous year, boosted by significant investor interest in Sharjah’s megaproject, Aljada. The total number of units sold by Arada increased by 86% against the previous year. Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said, “2019 was a very strong year ...
Read More »
ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and Cepsa, a global energy and chemical company owned by Mubadala and The Carlyle Group, on Wednesday announced an agreement to establish a joint venture company to develop renewable energy projects in Spain and Portugal. The 50:50 venture was announced ...
Read More »
Abu Dhabi / WAM Bee’ah, the Middle East’s sustainability pioneer, and Unilever Gulf, one of the region’s leading suppliers of beauty and personal care, home care, and food and refreshment products, announced a Memorandum of Understanding (MoU) at the Abu Dhabi Sustainability Week 2020 to explore collaboration in an end-to-end integrated plastic recycling management system, through ambitious plans for a ...
Read More »
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on Tuesday announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai. The Dubai Future District will see Dubai World ...
Read More »ABU DHABI / WAM Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, and Manlio di Stefano, Deputy Minister of Foreign Affairs of Italy, discussed the economic and commercial cooperation between the UAE and Italy. During their meeting, held at the headquarters of the ministry in Dubai, both sides discussed ways of widening the scope of ...
Read More »
Abu Dhabi / WAM HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, attended on Tuesday the global launch by Masdar of the Youth 4 Sustainability (Y4S) platform. The global platform, launched under the patronage of Sheikh Khalid bin Mohamed, is designed to equip young ...
Read More »
DUBAI / WAM DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages. An independent expert ...
Read More »AJMAN / WAM As part of its efforts to effectively embrace Ajman’s vision of a digital economy through smart governance, the Ajman Media City Free Zone announced that it will link its digital services with Ajman Pay. Chairman of Ajman Media City Free Zone, Sheikh Abdulaziz bin Humaid Al Nuaimi, said, “We commend the efforts of Ajman’s Department of Finance ...
Read More »
ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has participated in the ongoing World Future Energy Summit, part of Abu Dhabi Sustainability Week 2020, to showcase the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050. The Strategy includes a reduction in carbon dioxide ...
Read More »
ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company, has made its first investment in Australia after acquiring a 40 percent stake in the country’s second utility-scale waste-to-energy (WTE), facility, the company announced on Tuesday at Abu Dhabi Sustainability Week (ADSW 2020). Under the terms of the investment, Masdar and Abu Dhabi advisory and development firm Tribe Infrastructure ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.