Local News

Dubai / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced the beginning of construction of its new headquarters in Al Jaddaf, Dubai, at a cost of AED 280 million. The building is expected to be inaugurated in the first quarter of 2021. The new 730,000 square feet headquarters includes two buildings; an ...

Dubai / Emirates Business The Saudi Logistics Hub, a government initiative mandated to support the growth of the country’s logistics sector, held its first global roadshow in the UAE in collaboration with the National Association of Freight and Logistics (NAFL). Numerous business leaders from the logistics sector attended the event, held at the Dubai International Financial Centre (DIFC), and learned ...

HODEIDAH / WAM The UAE, represented by the Emirates Red Crescent (ERC), provided new supplies of medicines and laboratory equipment to three medical centres in Hodeidah Governorate, as part of its timely efforts to support the health sector in Yemen’s Red Sea Coast. The medical aid was delivered to the Al Matina Centre in At Tuhayta District, and the centres ...

DUBAI / WAM Dubai FDI, the investment development agency of Dubai Economy, has announced the signing of a Memorandum of Understanding with Standard Chartered Bank, to facilitate consultation, cooperation and exchange of information in areas of mutual interest and objectives. In line with Dubai FDI’s efforts to consolidate the emirate’s position as a preferred global Foreign Direct Investment (FDI), destination, this ...

Abu Dhabi / WAM The total assets of UAE-based commercial banks increased to circa AED2.457 trillion by the end September, AED173 billion ($47.1 billion) of which were recorded over the past nine months only, accounting for 81.3 percent of the UAE banks’ total assets, statistics by the Central Bank of the UAE showed on Tuesday. Up to 19.7 percent of ...

DUBAI / WAM The key initiatives launched by the UAE since the start of the year reflect the country’s vision to combat extremism and promote openness with other cultures, making it a leading regional and international centre of spreading these values, through hosting major conferences and forums attended by influential intellectuals and scholars. Specialist events and initiatives organised monthly by ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – announced on Tuesday that it registered 202 new companies in the month of October – the highest figure in a single month for nearly two years. The sharp increase signals investor confidence in Dubai, and both the appeal of ...

ABU DHABI / WAM Aldar Properties announced on Tuesday that it has achieved a significant milestone in the delivery of two of its flagship developments on Saadiyat Island, having started phased handovers of Mamsha Al Saadiyat and Jawaher. Mamsha Al Saadiyat is an exclusive mixed-use development located in the Saadiyat Cultural District offering beachfront residences with access to diverse retail, ...

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, received on Tuesday at Al Bateen Palace, the First Deputy Prime Minister of the Republic of Tajikistan, Davlatali Said, and his accompanying delegation. During the meeting, Sheikh Mansour and Said discussed ways to boost bilateral relations between the two countries ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, highlighted the UAE’s keenness to adopt the latest technologies and the Artificial Intelligence (AI), under the framework of its development approach and its ambitious vision. While participating in the launch of the EDGE advanced technology ...