Local News

DUBAI / WAM Dubai Aerospace Enterprise (DAE), on Monday announced that it had signed a $300 million seven-year unsecured term loan with a group of six banks. Abu Dhabi Commercial Bank served as initial mandated lead arranger, bookrunner and underwriter. The loan will be used to repay secured debt and support the future financing needs of the business. FirozTarapore, CEO of ...

ABU DHABI / WAM The value of the UAE’s food and beverage exports grew by 26 percent in 2018 compared to 2017 while the value of its re-exports grew by 28 percent, according to Juma Mohammed Al Keet, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy. He stated this during a meeting organised by the Ministry of ...

Dubai / Emirates Business The UAE is the Middle East and North Africa (Mena) region’s top solar energy producer, according to Top Solar Projects Mena, a report published by Netherlands-based Solarplaza. “Among the top five markets in the Mena region with the largest operational and in-the-pipeline solar projects include the UAE (58%), Egypt (23%), Jordan (10%) and Morocco (6%),” said ...

Dubai / WAM The Dubai Chamber of Commerce and Industry has awarded 18 companies for their Corporate Social Responsibility (CSR), and sustainability efforts for the first half of 2019 during a ceremony held at its premises earlier on Monday. Congratulating the awardees for their achievements, Majid Saif Al Ghurair, Chairman of Dubai Chamber, said, “The Dubai Chamber CSR Label honourees ...

DUBAI / WAM Several seatrade events will form an integral part of the UAE Maritime Week 2020, which will be held from December 6-10 next year at the new Dubai Exhibition Centre. Co-located at the Expo 2020 Dubai, the exhibition centre will host Seatrade Maritime Middle East; Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa; Seatrade Shiptech Middle East, ...

Ras Al Khaimah / Emirates Business In an ongoing effort to further develop and expand the Emirate’s adventure tourism portfolio, Ras Al Khaimah Tourism Development Authority (RAKTDA) announced the official launch of the latest adventure tourism product on Jebel Jais, the “Jebel Jais Zipline Tour”, in partnership with ToroVerde, which will join and complement the existing attractions including the Jebel ...

Emirates Business Marine recreation enthusiasts, as well as those looking for a fun-filled family outing, are snapping up online tickets for Abu Dhabi’s much anticipated showcase event, the International Boat Show 2019 (ADIBS 2019). The event is scheduled to take place at Adnec Marina from October 16-19 and tickets are available on www.adibs.ae. In its second edition, the boat show ...

Dubai / WAM The Ministry of Climate Change and Environment, MoCCAE, on Monday announced the launch of its ‘Green Barjeel’ research project that aims to leverage innovative methods to grow microalgae biomass with a high lipid content in tower-shaped structures. Run in cooperation with American University of Sharjah and Khalifa University, the project involves collecting algae from the UAE’s desert ...

Sharjah / WAM The total number of male and female citizens, who have registered for the nine electoral zones of the upcoming Sharjah Consultative Council (SCC) elections, reached 35,595, a remarkable increase of 43 percent over the first direct elections held in 2015. The Higher Committee for the Council elections made the announcement on Monday, while congratulated HH Dr Sheikh ...

Abu Dhabi / WAM The showpiece of the official 48th UAE National Day celebration will be a theatrical performance entitled ‘Legacy of our Ancestors’, with stories from the UAE’s past that showcase the country’s values long-embedded in its heritage and culture, organisers say. The event will take place in Abu Dhabi, on December 2 at Zayed Sport City Stadium. “The ...