Local News

DUBAI / WAM The Roads and Transport Authority (RTA), has announ-ced 45% completion of construction works on the bridges and roads leading to Dubai Hills Mall at the junction of Umm Suqeim Street and Al Khail Road. The project encompasses the construction of 12 bridges spanning 3,700 metres with a width varying from 11 to 22 metres in addition to ...

MADRID / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, met with Spanish Minister of development, Jose Luis Abalos Meco, and State Secretary for Trade, Xiana Mendez. The meeting, attended by Majed Hassan Al Suwaidi, UAE Ambassador to Madrid, discussed bilateral relations and ways to enhance cooperation and investment opportunities, particularly in the infrastructure sector. Dr ...

ABU DHABI / WAM A UAE delegation attended the fourth annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, was mandated to represent the UAE at the bank’s meetings and events and on its board. Following last year’s event in Mumbai, ...

DUBAI / WAM The Dubai Council for the Future of Humanitarian Work (DCFHW) held its second meeting to explore means of accelerating initiatives in the humanitarian field and to examine the current trends and challenges facing the sector globally. Chaired by Saeed Al Eter, Assistant Secretary-General of the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) and Director-General of the ...

DUBAI / WAM An exhibition titled Norway-UAE: +40 Years of Culture opened at the Ministry of Foreign Affairs and International Cooperation, with the attendance of Zaki Nusseibeh, Minister of State and Jens Eikaas, Norwegian Ambassador to the UAE. The exhibition was previously on display at Mesh — The Nordic Creator’s Community in Oslo. Taking the Norwegian Seamen’s Centre in Dubai ...

DUBAI / WAM Union Coop, reported a 20 percent growth in net profit for the first half of 2019, compared to the previous year. The net profit for 2018 was AED237.7 million, whereas 2019 reported AED284.6 million net profit, which is a surge of AED46.9 million. CEO of Union Coop – Khalid Humaid Bin Diban Al Falasi said, “The increase ...

Bloomberg Abu Dhabi’s sovereign wealth fund agreed to buy about a 30% stake in Domestic & General Group Ltd, the UK appliance warranty provider owned by CVC Capital Partners. The deal with the Abu Dhabi Investment Authority (Adia) is expected to close by year-end, Domestic & General said in an emailed statement Wednesday, which confirmed an earlier Bloomberg News report. ...

FUJAIRAH / WAM Stockpiles of oil products at the Fujairah port in the UAE increased for the first time in six weeks, against a backdrop of strong summer demand from utilities in the region and for jet fuel from Europe, data by the Fujairah Oil Industry Zone showed. Total stockpiles rose 4.2 percent over the past week to 19.36 million ...

DUBAI / WAM Dubai Business Events (DBE), the city’s official convention bureau, has recorded exceptional results during the first half of 2019, securing 118 successful bid wins for events to be hosted in Dubai over the coming years. These events won in H1 2019, including conferences, meetings, and incentives, are set to attract 75,288 delegates from around the globe to ...

ABU DHABI / WAM Etihad Airways has announced that it will resume flights between Abu Dhabi and Khartoum, Sudan, on Tuesday, July 16. Etihad Flight EY 632 will depart Abu Dhabi at 9.50am every Tuesday, Thursday and Sunday, arriving four hours later at 11.50am local time. The return service, flight EY 633 will depart at 12.50pm, arriving in Abu Dhabi ...