Local News

UAE residents can fly electric aircraft from October

Abu Dhabi / WAM Come October, anyone living in the UAE can lease and fly an electric aircraft, provided they receive proper training, as per the Academy of Technical Training (ATT), standards. Officials at the ATT told Emirates News Agency (WAM), that receiving a licence to fly the electric-driven aircraft is open to individuals as young as 14 years. The licence ...

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Dubai  issues 2,204 new business licences in Feb

Dubai / WAM The Business Registration and Licensing (BRL), sector of the Department of Economic Development (DED), Dubai, issued 2,204 new licences in February 2019, a growth of 37 percent compared to February 2018 (1,606). The new licences created 8,515 jobs in the labour market. Among the new licenses issued, 61.1 percent were commercial, 36.5 percent professional, 1.7 percent related to tourism ...

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Hazza opens municipal centre in Khalifa City

Abu Dhabi / WAM His HHighness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, praised the wise policy of the Abu Dhabi Government and its keenness to provide the best services, which will make everyone happy and continue the process of sustainable development. Following his inauguration of a new municipal centre in Khalifa City, ...

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4,227 entrepreneurs supported with $27.5m incentive packages

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED), mandated to develop the small and medium enterprise (SME), sector, supported 4,227 Emirati entrepreneurs with incentives and facilities worth AED101 million ($27.5 million) in 2018. The number of entrepreneurs represents an increase of 32 percent over the previous year and the increase in the value of ...

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ADX launches ‘Zayed Centre of Excellence for Financial Research’

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), announced the establishment of the ‘Zayed Centre of Excellence for Financial Research’, at the Higher Colleges of Technology – Abu Dhabi Women’s campus. The Centre’s main objectives includes collaborating with HCT on research related to finance including, but not limited to, finance-related data analytics, financial technology services, artificial intelligence, blockchain, ...

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Abu Dhabi to invest AED500mn to boost tourism sector globally

Abu Dhabi / WAM As part of the Abu Dhabi Government’s accelerator programme ‘Ghadan 21’, the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has announced strategic initiatives to further drive the development of the Emirate’s tourism sector. In line with the Ghadan 21 ambition, to make Abu Dhabi one of the best places in the world ...

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UAE cabinet approves National Space Strategy 2030

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted the National Space Strategy 2030 during its meeting at the Presidential Palace in Abu Dhabi. The Cabinet meeting was attended by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

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Adnec adds AED3.41bn to Abu Dhabi’s economy

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that the value of its direct and indirect impact on the Abu Dhabi economy in 2018 registered AED3.41 billion, taking the total value of its contribution to the local economy since its inception in 2005 to AED32 billion. The company shared its 2018 results at a press ...

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Government revenues hit AED304.5b

ABU DHABI / WAM The UAE consolidated government revenues increased to AED304.5 billion during the first nine months of 2018, up 4.8 percent on year, with expenses picking up from AED259.3 billion over the first nine months of 2017 to as much as AED267.2 billion in the corresponding period of 2018, according to figures released by Federal Competitiveness and Statistics ...

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DWTC catered for 1,056 external events in 2018

Dubai / WAM Dubai World Trade Centre (DWTC), revealed that its hospitality division – Hospitality by DWTC – catered for 1,056 high-profile external events in 2018, serving a total of 415,293 guests. DWTC continues to strengthen Dubai’s competitiveness as a regional event destination. “The impressive results for 2018 are a testament to the competency of the entire Hospitality by DWTC ...

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