SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, announced that the 2020 budget would reach AED29.1 billion budget, a two percent increase compared to the 2019 budget. The approved budget will see an increase in expenses across several sectors, including infrastructure, social programmes, economic activities, culture and education, among ...
Read More »ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, on Sunday formalised three loan agreements valued at $33 million (AED121 million) with the Governments of Togo, Niger and Liberia. The agreements were signed in Abu Dhabi during the 10th Session of the International Renewable Energy Agency (Irena), Assembly. Mohammed Saif Al Suwaidi, ...
Read More »
DUBAI / WAM Dubai Economy confirmed that the emirate’s economic competitiveness and its ability to attract investors to grow and expand their businesses in various economic sectors have been further strengthened in 2019. According to a recent report by the Business Registration and Licencing sector at Dubai Economy, 38,377 new licences were issued in 2019, a record growth of 90 ...
Read More »Abu Dhabi / WAM Etihad Airways will mark Abu Dhabi Sustainability Week 2020 by operating a special eco-flight from Abu Dhabi to Brussels. Departing at 02:20 on Monday, 13th January, 2020, Flight EY 57 will be operated with a Boeing 787 Dreamliner aircraft, the newest and most efficient aircraft in the Etihad fleet, which consumes at least 15 percent less ...
Read More »SHARJAH / WAM The Middle East’s largest steel fabrication event, SteelFab 20020, will kick off its 16th edition today at the Expo Centre Sharjah, bringing together more than 300 professionals and companies representing some of the world’s leading steel and metal manufacturers and suppliers. Some 35 leading countries in the fields of welding and manufacturing of steel and metals are ...
Read More »
DUBAI / WAM First Abu Dhabi Bank (FAB) signed an Escrow Agreement with Dubai Land Department (DLD), represented by its Real Estate Regulatory Agency (RERA). The agreement allows the bank to open and manage escrow accounts for Jointly Owned Property (JOP) owners in Dubai. The agreement was signed by Marwan bin Ghalita, CEO of RERA, and Manoj Menon, Senior Managing ...
Read More »
MUSCAT / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to Sultan Haitham bin Tariq on the demise of Sultan Qaboos. Sheikh Mohamed bin Zayed conveyed the condolences of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to Sultan Haitham of ...
Read More »
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 ...
Read More »
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 ...
Read More »
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 ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.