Local News

Dubai / WAM Emirates Global Aluminium (EGA), Mubadala and Dubal Holding on Sunday officially broke ground on a new AED1 billion state-of-the-art power block at EGA’s Jebel Ali smelter in Dubai. EGA is the largest industrial company in the UAE outside oil and gas, and is jointly owned by Mubadala Investment Company and Dubal Holding. The ground-breaking ceremony was held ...

Dubai / WAM Arab Regional Tax Forum has discussed ways of balancing tax policies, Arab countries’ competitiveness in managing them, as well as the challenges facing these nations in pursuing their tax policies. The two-day forum which opened on Sunday at the Grand Hyatt Hotel in Dubai, is organised by the Ministry of Finance (MoF), and the Arab Monetary Fund ...

DUBAI / WAM The UAE gross domestic product (GDP), grew by 1.7 percent in 2018 at constant prices of 2018 as compared to 2017, said Sultan bin Saeed Al Mansouri, Minister of Economy, on Saturday citing preliminary macro-economy indexes issued by the Federal Competitiveness and Statistics Authority (FCSA), for last year. Al Mansouri noted that the improvement in the UAE’s ...

Dubai / WAM Investments in technologies enabling smart cities in the Middle East and Africa (MEA), region is expected to hit the $2.30 billion mark by 2021 as per the estimates of International Data Corporation. Given that large funding is needed to build smart cities, public-private partnerships (PPPs), are seen as the key force that will help accelerate such undertakings ...

ABU DHABI / WAM The Global Forum for Innovations in Agriculture (GFIA), the leading exhibition and conference on sustainable agricultural solutions, opens on Monday at Abu Dhabi National Exhibition Centre (Adnec). The sixth edition of GFIA, will focus on how Artificial Intelligence (AI) can drive progress in agriculture towards increasing food production and ensuring food security in the Middle East ...

DUBAI / Emirates Business Dubai Land Department (DLD) announced the successful conclusion of the second edition of the Dubai Property Festival (DPF), which took place at the Dubai World Trade Centre, through which it signed four memorandum of understandings (MoUs) with local and international government entities in recognition of its efforts to promote Dubai’s real estate sector and provide ideal ...

UMM AL QAIWAIN / WAM Further excavations have been carried out at the archaeological site of ed-Dur by the Department of Tourism and Antiquities in Umm Al Qaiwain it has been announced. Alia al-Ghafli, the Director General of the Department, said that discoveries included 15 tombs, settlement remains, bronze statuettes, pottery and jewellery, dating back to the 1st Century AD. ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) PJSC on Saturday announced that it is extending its partnership with Emirates Nature-WWF, the UAE’s representative of the global conservation body (previously the Emirates Wildlife Society), for the fifth consecutive year. The extension of this long-lasting partnership sees NBF reiterate its position as one of the leading financial institutions focused on the ...

FUJAIRAH / WAM His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, is leading the UAE official delegation to the 30th Arab League Summit, starting in the Tunisian capital on Sunday. HH Sheikh Hamad is accompanied by Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs; Saif Mohamed Al Hajeri, Chairman of ...

Abu Dhabi / Emirates Business Around 55 percent of local angel investors are prioritising the UAE over other global markets according to the latest research from startAD, the Abu Dhabi-based global accelerator anchored at NYU Abu Dhabi and powered by Tamkeen. The findings reveal the importance of the UAE for angel investors globally and demonstrates the attractiveness of the region ...