Local News

DUBAI / WAM Emirates Transport (ET) has achieved record growth in terms of the number and value of contracts it signed with federal institutions and local authorities during the first half of the current year. The company signed 10 new contracts to provide transportation and rental services with eight government and federal authorities during this period. Abdulghaffar Mohammed Yousef, Accounts ...

DUBAI / WAM Dubai Mercantile Exchange (DME) on Monday announced a 45 percent increase quarter-on-quarter in trading activity on the exchange’s forward curve and a 33 percent growth in exchange average daily volume (ADV) during the first half of 2019. Forward curve volume reached 208,997 contracts from April 2019 through June 2019 versus 143,703 contracts traded in Q1 2019. Exchange ...

ABYAN / WAM The UAE and Saudi Arabia are supporting a project, titled, “Urgent Support for Improving Livelihoods of Underprivileged Families,” in Abyan Governorate, Yemen, which has benefitted 4,200 local fishermen. The project is being implemented by the Food and Agriculture Organisation (FAO), supported by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), and in partnership with ...

DUBAI / WAM Dubai Land Department (DLD) has signed a partnership agreement with Online Auction company to boost the real estate market’s activities, and provide new competitive options that enhance investor confidence. The strategic partnership agreement that was signed by Sultan Butti bin Mejren, Director General of DLD, and Ahmad Mustafa Ahli, Owner of Online Auction, will impact on achieving ...

DUBAI / WAM Dubai International Financial Centre (DIFC) has reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance, following strong performance during the first half of 2019. The centre saw sustained growth in the first half of 2019, welcoming more than 250 new companies, and bringing the total number of active registered firms ...

SHARJAH / WAM Dana Gas, a regional private sector natural gas company, announced that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company’s Khor Mor and Chemchemal Fields in the Kurdistan Region of Iraq have increased by 10 percent, following the recent certification of reserves by Gaffney Cline Associates (GCA). The independently audited report, prepared ...

SINGAPORE / WAM A high-level delegation headed by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) visited Singapore to promote joint relations and exchange of best global experie- nces and practices in renewable and clean energy and sustainability. During the visit, Al Tayer met with Masagos Zulkifli, Singapore’s Minister of Environment and Water ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, has issued a decision to establish the Abu Dhabi School of Government’s Board of Trustees, which is to be chaired by Sara Awad Issa Musallam. The decision ...

ABU DHABI / WAM National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum, an Adnoc Group company, and JV with CNPC. According to a statement, NPCC and Petrofac will provide front end engineering design (Feed) services for the Belbazem Block Development Project, located offshore Abu Dhabi. ...

DUBAI / WAM Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, has signed a contract with Petrofac and end-client TenneT to carry-out the construction of a High Voltage Alternating Current (HVAC) Transformer Station Topside, named Hollandse Kust Zuid Alpha. The HVAC platform will be part of a renewable energy wind farm, located in ...