Local News

UAE issues new law to facilitate space sector development

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ABU DHABI / WAM The UAE Space Agency has announced the details of the new UAE Space Law issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The announcement was made during an introductory workshop for the UAE Space Law, organised by the UAE Space Agency and held in Abu Dhabi. Previously, the law was passed by the ...

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FAB shareholders okay AED8.08bn dividends

ABU DHABI / WAM First Abu Dhabi Bank (FAB), concluded its General Assembly Meeting on Monday at FAB’s headquarters in Abu Dhabi. According to a statement released by FAB, all items on the agenda were discussed and approved including the distribution of 74 percent cash dividends – AED0.74 per share, implying total cash dividends of AED8.08 billion – for the ...

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UAE economy grows 2.9% in 2019, says central bank

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ABU DHABI / WAM The UAE’s overall real gross domestic product (GDP), is estimated to have grown by 2.9 percent in 2019, the central bank of the UAE revealed. According to the central bank’s quarterly review report’ for Q4 of 2019, this rise in GDP was driven by the growth in the non-hydrocarbon sector, estimated at 1.1 percent, as well ...

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Fourth edition of Umex, SimTEX exhibition opens

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ABU DHABI / WAM The fourth edition of the Umex and SimTEX exhibition has kicked-off on Sunday, under the theme ‘Manned-Unmanned Teaming in the Age of Smart Systems’, at the Abu Dhabi National Exhibition Centre. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...

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UAE unveils first locally-made drone ‘Garmousha’ at Umex

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ABU DHABI / WAM Adasi, the regional leader in autonomous systems and services, on Sunday launched the first UAE-made high-performance “Garmousha” vertical take-off and landing drone, in an agreement with the General Headquarters of the UAE Armed Forces. His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, unveiled the new unmanned system at ...

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Etihad Engineering records robust growth

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Abu Dhabi / Emirates Business Ahead of its participation at the upcoming MRO Middle East event at the Dubai World Trade Centre, Etihad Engineering announced its performance indicators for 2019 revealing that the leading maintenance, repair and overhaul (MRO) provider has signed off yet another year with a very positive record and continues to demonstrate strong potential for sustained growth ...

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Sharjah Islamic Bank proposes 10% dividend

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SHARJAH / WAM During the 44th General Assembly of the Sharjah Islamic Bank (SIB), 10 percent of the profits were distributed to shareholders, including five percent in cash and five percent of bonus shares, approved after the bank reported a net profit of AED545.5 million last year, an increase of seven percent compared to 2018, when profits reached AED510.4 million. ...

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UAE preserves global heritage from destruction, negligence

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Abu Dhabi / WAM Ten world historical landmarks are witness to the UAE’s efforts to conserve and protect global heritage sites at risk of loss as a result of human conflict, natural disasters and climate change, urbanisation and negligence. The landmarks restored by Emirati support include the Dome of the Rock; Umar ibn al-Khattab Mosque; Church of the Nativity in ...

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Online interactive platform for People of Determination soon

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ABU DHABI / WAM People of Determination in the UAE will soon have a first-of-its-kind social media platform to be launched by Inclusive, a platform that enables supporters of inclusion in local communities to connect, collaborate with each other and promote the inclusion of People of Determination into the community. Inclusive links People of Determination with individuals, special centres, policymakers, ...

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Al Rahba hospital to undergo renovation and upgrade

ABU DHABI / WAM Seha, the Abu Dhabi Health Services Company and the UAE’s largest healthcare network, on Sunday announced that Al Rahba Hospital will undergo a strategic upgrade programme, aligned with Seha’s ongoing efforts to improve facilities, ensuring they meet and exceed international best practices and benchmarks. This is in line with the Department of Health – Abu Dhabi’s ...

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