Local News

Emerging tech shapes future of UAE’s industrial sector

Dubai / WAM Organisations that adopt smart solutions in their manufacturing and logistics processes achieve measurable benefits and efficiency in their operations, concluded industry decision makers and logistics professionals at the second edition of DI Talks, a series of expert-led discussions hosted by Dubai Industrial City, one of the largest industrial hubs in Dubai and a part of Tecom Group. ...

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UN chief Guterres to headline Abu Dhabi climate meeting

Abu Dhabi / WAM The two-day agenda for the upcoming inaugural Abu Dhabi Climate Meeting (ADCM), has been announced, with UN Secretary-General Antonio Guterres set to welcome more than 1,000 of the world’s leading political figures and climate action experts to the UAE capital. Set to run on June 30 and July 1 at Emirates Palace in Abu Dhabi, the ...

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Dubai Startup Hub roadshow attracts 200 Indian start-ups

NEW DELHI / WAM More than 200 start-ups across New Delhi and Bengaluru expressed their interest in entering the Dubai market during a roadshow organised recently by the Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry. A total of 10 shortlisted start-ups in both cities were given the opportunity to pitch their businesses to a ...

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FANR reviews Barakah N-power plant progress

Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR), reviewed its performance report during Q1 of the year, discussing the various planned activities to be undertaken across the year supporting its mission in regulating the nuclear sector in the UAE. The Board learned about latest updates of the FANR ongoing review of ...

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UAE, Barbados to host UNCTAD events in ’20

GENEVA / WAM The United Arab Emirates and Barbados have joined forces to co-host major United Nations Conference on Trade and Development (UNCTAD) events in 2020. Barbados will host the 15th UNCTAD quadrennial conference in Bridgetown, while the UAE will host the World Investment Forum and the first eCommerce Week for Asia in Abu Dhabi. The two countries will co-chair ...

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Etihad Rail okays two packages for Abu Dhabi-Dubai stretch

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE national railway, has approved the award agreement for civil and track works of Packages B and C for Stage Two of the UAE national railway network connecting Abu Dhabi and Dubai, during a board meeting, chaired by HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman ...

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Abu Dhabi unveils initiatives to boost business, tourism

ABU DHABI / WAM The Abu Dhabi Government, under the directives of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reinforced its commitment to the private sector’s development, launching nine new initiatives. At the Abu Dhabi Government Private Sector forum attended by HH Sheikh Khalid bin ...

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Rakbank repays $800mn bond

RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (Rakbank) has announced the repayment of the outstanding nominal amount of $681.67 million on its Rak Funding Cayman Ltd. 5-year $800 million bond matured on June 24. Rakbank had issued $500 million bond earlier this year in April 2019 through RAK Funding Cayman Ltd. Proceeds from the issue ...

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AED40m road improvement project in Abu Dhabi complete

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), in collaboration with the Integrated Transport Centre (ITC), completed all the works of the Al Maqtara-Hamim road traffic safety improvement project extending over 140 km at a total cost of approximately AED40 million. The project works included improving and increasing the traffic safety by carrying out necessary maintenance on the ...

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Dubai’s Noor Bank rolls out ‘infinity treats’

Dubai / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has enriched its customer loyalty programme with the launch of the Noor Bank Infinity Treats app as part of its wider loyalty platform. With this new feature, the bank aims to enhance user experience and deliver a more seamless and well-rounded rewards proposition. Noor Bank ...

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