Local News

ABU DHABI / WAM The Statistics Centre Abu Dhabi, SCAD, released its annual national accounts report for 2018, in addition to the quarterly reports for the second and third quarters of 2019, where, cumulatively, the results showed a significant increase in Abu Dhabi’s gross domestic product (GDP). The GDP at current prices reached AED932.4 billion in 2018, compared to AED813.6 ...

DUBAI / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – registered 1,969 new companies in 2019, a signal of strong investor confidence in Dubai and the Authority’s position as one of the world’s most interconnected business districts. DMCC finished 2019 with the strongest Q4 registrations in four years. A ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), on Sunday confirmed the allocation of approximately $105 million for eight renewable energy projects under the seventh cycle of its partnership with the International Renewable Energy Agency (Irena). The Irena/ADFD Project Facility announcement marks a record level of funding for any cycle since the Facility was launched and will ...

DUBAI / Emirates Business Emirates Glass, a subsidiary of Dubai Investments PJSC and one of the largest processors of flat architectural glass in the Middle East, announced that it has recorded manufacturing of more than 1,800,000sqm of glass products, valued at over AED 180 million ($49 million) during 2019. Recording a 10% rise in business as compared to the previous year, ...

Dubai / WAM More than 250 start-ups are expected to participate in the AIM Startup Pitch Competition, which will be held on the sidelines of the 10th edition of the Annual Investment Meeting (AIM 2020), slated to take place at the Dubai World Trade Centre from March 24-26. AIM 2020 will offer start-up exhibitors an opportunity to showcase their businesses ...

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, announced its participation in the thirteenth edition of the World Future Energy Summit 2020, the world’s largest annual conference on renewable and future energy solutions. The summit is being held from January 13-16 at the Abu Dhabi National Exhibition Centre (Adnec). The World Future Energy Summit 2020 is a global industry ...

ABU DHABI / WAM The global energy sector’s transition towards attaining climate change mitigation and adaptation is often deemed as a controversial and expensive process. However, according to experts attending the Atlantic Council Global Energy Forum, the UAE has proven its ability to rise as a sustainable energy leader employing Carbon Capture, Utilisation and Storage, CCUS, as a means to ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message to Sultan Haitham bin Tariq Al Said of Oman, expressing his condolences on the death of Sultan Qaboos bin Said Al Said. His Highness Sheikh Khalifa bin Zayed prayed to Allah the Almighty to rest the soul of the deceased in Paradise. His ...

Abu Dhabi /WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from Russian President Vladimir Putin on Saturday, during which the two sides discussed the relations and strategic cooperation between the two countries and ways to enhance them. They also spoke about ...

RAS AL KHAIMAH / WAM The American University of Ras Al Khaimah (AURAK) and Coastal Carolina University (CCU), in United States signed an agreement to encourage cooperation and strengthen research, teaching and outreach to promote development, broaden international experiences, and share cross-cultural knowledge and understanding among students, staff and faculty. Activities may include long-term exchanges of students for a semester ...