Local News

CHENNAI / DUBAI / WAM DP World UAE Region and Jebel Ali Free Zone (Jafza) showcased their capabilities and offerings at the FoodPro Exhibition and Conference organised by the Confederation of Indian Industry (CII) in Chennai, India to support and facilitate India’s food and beverage exports. The DP World team engaged with F&B companies looking to expand their businesses outside ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has begun carrying out procedures related to implementing the latest Cabinet decision on excise goods, excise tax rates, and the method of calculating the excise price, issued in August 2019, which expanded the scope of excise goods to include electronic smoking devices and liquids, and sweetened drinks. The new decision goes ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The combined scope of the three contracts awarded is one of the world’s largest in this category, maximising value for Adnoc across its drilling ...

GENEVA / WAM The United Arab Emirates is participating in dispute adjudication proceedings through the World Trade Organisation Dispute (WTO) Settlement Body during meetings being convened from August 21 to 23, in the presence of various states interested in the matter. The UAE affirms that the action and measures in question were intended to safeguard national security as a result ...

DUBAI / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) received Li Xuhang, Consul-General of the People’s Republic of China in Dubai. Al Tayer congratulated Chinese Consul on the new post, wishing him success in his upcoming diplomatic missions. He emphasised the depth of UAE-China relations, as UAE is the second largest ...

Dubai / WAM Travel from the UAE to the island of Ireland has seen strong growth from January 01 until June 30, 2019, based on travel statistics released by dnata Travel, the UAE’s longest-standing travel agency, which is celebrating its 60th anniversary this year. Compared to the same period (H1) in 2018, UAE locals and residents have been visiting Ireland ...

ABU DHABi / WAM A new initiative to engage the Abu Dhabi community with solving social challenges has been launched today by the Authority of Social Contribution, Ma’an. Beginning from September, Ma’an’s Community Engagement Programme will provide individuals, government entities, companies and not-for-profit associations, with strategic direction on how people can contribute to social causes. Forming a key pillar of ...

ABU DHABi / WAM Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME) to acquire a AED120 million Grade A office building in Edinburgh, leased to Centrica as their corporate headquarters in Scotland until 2035. The award-winning building, which forms part of the Edinburgh Waterfront regeneration area, ...

FUJAIRAH / WAM Fujairah’s stockpiles of heavy distillates and residues declined for the first time in three weeks on signs of additional demand amid higher prices at competing ports, according to data from the Fujairah Oil Industry Zone. Heavy distillate and residue stocks fell 13 percent week on week to 9.333 million barrels as of August 19, the lowest since ...

ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa) announced that its subsidiary, Taqa Atrush BV (Taqa Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq. For the first time since the field commenced production operations in July 2017, the total monthly production volume exceeded 1 million barrels of ...