Local News

Dubai / Emirates Business Enoc Group opened a new service station in Fujairah in line with its plans to expand its network to 191 stations in the UAE by end-2020. The Al Faseel service station will be Enoc’s ninth station in Fujairah since the first station in the emirate in 1989. The station caters to a large community in Al ...

Abu Dhabi / WAM Since the launch of its trial operations in April this year, the CSP Abu Dhabi Port Container Terminal (Cosco), has already gained great strides in its bid to drive investment growth and economic divers-ification aligned with Abu Dhabi Economic Vision 2030. The trade and investment journey began on September 2016, when China’s Cosco Shipping Ports Ltd ...

Dubai / WAM Dubai Airports has launched a high-tech system that monitors airport operations in real-time and visualises traffic flows to support consistently smooth operations at Dubai International (DXB). The cloud-based platform, titled ‘realtimeDXB’, gathers data generated by more than 50 operational systems, including those of Dubai Airports and its many service partners. It uses this information to keep all ...

DUBAI / WAM Dubai, Dubai Land Department (DLD), represented by its regulatory arm Real Estate Regulatory Agency (Rera) signed an MoU with United Bank Limited (UBL UAE) to manage and service owners’ associations (OA) accounts. Marwan bin Ghalita, CEO of Rera, and Syed Asghar Hussain, Head of Operations at UBL, signed MoU, through which Rera agrees to authorise UBL to ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) organised UAE Sri Lanka Forum to discuss areas of cooperation in trade, investment and tou- rism, and highlight the investment opportunities available in both countries. Held at the SCCI’s headquarters, the event was part of the chamber’s strategy aimed at strengthening economic cooperation with promising countries and boosting relationships ...

DUBAI / WAM Dubai Chamber of Commerce and Industry announced that it has signed a memorandum of understanding (MoU) with DP World — UAE Region, to collaborate on the Digital Silk Road, a Dubai 10X initiative which is expected to be launched by 2020. The Digital Silk Road is a smart digital platform which utilises blockchain technology to increase the ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), Federal Transport Authority — Land and Maritime (FTA), and Etihad Rail discussed the existing cooperation between the three entities and the federal legislation regulating rail networks in the UAE. At a coordinative meeting held RTA headquarters, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, Ahmed ...

YEKATERINBURG / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, highlighted the UAE’s commitment to creating the future of global industry and achieving sustainable development. In his speech during the launch of the second edition of the Global Manufacturing and Industrialisation Summit (GMIS), held in the Russian city of Yekaterinburg, Al Mazrouei said that the ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has launched the recent edition of the UAE Financial Stability Report (FSR). The report provides relevant information, financial data, and stability assessments related to the UAE financial system, reinforcing the confidence and transparency in the banking and financial system across the Emirates. According to the report, CBUAE noted that ...

ABU DHABI / WAM The UAE provided $5.59 billion in foreign assistance to Yemen between April 2015 and June 2019, which was used to help rebuild various sectors in the country, including vital infrastructure and to restore health and social services. In data obtained by Emirates News Agency from the Ministry of Foreign Affairs and International Cooperation, a breakdown of ...