Local News

ABU DHABI / WAM The Ministry of Climate Change and Environment (MOCCAE), hosted 40 university students and youth council members at a two-day camp on Sir Bani Yas Island in the emirate of Abu Dhabi. Themed ‘UAE’s Natural Wonders’, the camp was held in collaboration with the Environment Agency – Abu Dhabi (EAD), the Department of Culture and Tourism – ...

ABU DHABI / WAM Stressing the vital importance of Expo 2020 Dubai to the Sultanate of Oman, Dr. Ali bin Mas’oud al-Sunaidy, Minister of Commerce and Industry, said, ”We must all join forces to make this international high-profile gathering a success.” Speaking to the Emirates News Agency (WAM), on the sidelines of the Oman-UAE Economic Forum held in Omani capital, ...

ABU DHABI / WAM With the implementation of the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to embrace innovation as an institutional practice in nurturing a sustainable future for the upcoming generations, and utilise the UAE Government’s innovation tools which include innovation labs, and to mark ...

SHARM EL SHEIKH / WAM Egypt’s hosting of the Arab League-European Union, EU, Summit on Sunday in Sharm el-Sheikh underscores its pivotal role in international efforts to counter terrorism and realise peace in the Middle East region and as a facilitator for Arab-European dialogue on challenges facing the world, said HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member ...

ADDIS ABABA / WAM Ethiopia’s Defence Minister Aisha Mohammed Musa, has received UAE Ambassador to Ethiopia, Mohammad Salem Al Rashidi, at the ministry in Addis Ababa. During the meeting, they discussed issues of mutual interest, especially topics related to defence and military cooperation. The Ethiopian defence minister hailed the strong relations between the two countries and the importance of enhancing ...

Dubai / WAM The 11th meeting of the Dubai Free Zones Council,DFZ Council, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the DFZ Council, announced plans to develop a comprehensive geo-economic map of Dubai in line with the Fifty-Year Charter that aims to position Dubai as a leading destination for investment and business set-up. Sheikh Ahmed ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), signed a Memorandum of Understanding (MoU), with the Dubai Department of Economic Development (Dubai Economy) to support members of Dubai SME-the DED agency mandated to develop the small and medium enterprise (SME) sector; by marketing their offers, services, and products through Dewa Store, the first-of-its-kind smart app among government entities in the ...

DUBAI / WAM DP World has announced the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322 million ($421million) (AED1.54 billion), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x. Britain-based P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation ...

Dubai / WAM flydubai has announced H2 profit of as much as AED157 million ($43 million), driven by stronger yields and revenue growth that led to minimising annual loss. Ghaith Al Ghaith, Chief Executive Officer of flydubai, said, “In line with expectations, 2018 was a challenging year however we have continued to invest in our capacity and increased revenue. We ...

DUBAI / WAM Enoc Group has announced a strategic alliance with Indian Oil Company (IOC) the largest commercial oil and gas company in India worth $63 billion, in a joint effort to expand its global footprint while building on IOC’s research and development infrastructure to mitigate future manufacturing challenges. The Enoc-IOC partnership includes research and development efforts, to jointly develop ...