Local News

ABU DHABI / WAM In 2018, the UAE occupied the first and second positions internationally in 47competitiveness indexes covering around 13 development sectors, reflecting its efforts to achieve comprehensive development and the UAE 2021 Vision. The UAE’s accomplishments were documented by several leading international organisations. In the labour sector, the UAE occupied the first position in the “Ease of Employment ...

ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, has handed over two internal roads and infrastructure projects at Al Rahba City in Abu Dhabi at a total cost of AED453 million over approximately three million square metres. According to Musanada, execution of these projects, in collaboration with Abu Dhabi City Municipality, formed part of its efforts to realise ...

ABU DHABI / WAM Dubai Customs announced the launch of its new e-statistics system, which has been developed in-house to keep abreast with the technological advancements in the UAE towards embracing the Fourth Industrial Revolution. Ahmed Mahboob Musabih, Director-General of Dubai Customs, kicked off the e-statistics system, at a launch ceremony held at the Dubai Customs headquarters in the presence ...

Bloomberg His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, underscored that preserving Yemen’s security and stability and supporting its people were part of the established pillars of the UAE policy since the time of the late founding father, Sheikh Zayed bin Sultan Al Nahyan. His Highness ...

DUBAI / WAM Etisalat Digital, in partnership with First Abu Dhabi Bank, FAB, and Avanza Innovations, have developed UAE Trade Connect, UTC — a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other key ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa) has welcomed Antonio Alvarez Barthe, Spanish Ambassador to the UAE, and Erik Rovina Mardones, Head of the Spanish Trade Office in Dubai. The meeting touched on ways to further develop cooperation between Dubai and Spanish companies, especially in the fields of electricity, water, ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Monday issued its regulatory framework for digital investment managers (also known as ‘robo-advisors’), operating in ADGM. Digital Investment Managers provide investment management services using algorithm-based tools and technology to interact with more tech-savvy clients. This technology allows investment managers to provide tailored investment ...

DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) and the Multi Derivatives Exchange Nepal (MDX), a proposed derivatives exchange in Nepal, announced the signing of a memorandum of understanding (MoU), agreeing to collaborate and share knowledge on areas of mutual benefit surrounding commodity trading. DGCX and MDX will host workshops and meetings to further the scale of the ...

ABU DHABI / WAM A new national poll on nuclear energy has shown that UAE residents are in favour of, and have a strong understanding of the UAE Peaceful Nuclear Energy Programme. The poll revealed some of the highest favourability rates for nuclear energy in the world – higher than any other nuclear energy producing nations. The poll was commissioned ...

DUBAI / WAM Dubai Airports (DXB) and Etihad Energy Services Company (Etihad ESCO) have announced the successful installation of a solar energy system comprising 15,000 photovoltaic panels at Dubai International’s Terminal 2 – the largest at any airport in the region. With a capacity of 5MWp, the solar project will generate 7,483,500 kWh energy annually for Dubai Airports, resulting in ...