Local News

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has said that the growing contribution of the Islamic economy sector in Dubai’s gross domestic product (GDP), reflects the ability of the UAE’s economy in achieving growth and highlights the success of economic diversification plan. This is ...

ABU DHABI / WAM Abu Dhabi Airports secured a ‘Procurement Excellence Gold Award’ from the Chartered Institute of Procurement and Supply (CIPS), following its completion of a comprehensive award submission. Abu Dhabi Airports is the only airports group in the world to have achieved the CIPS Advanced Level, and the first in the Mena region to have successfully been certified ...

Dubai / Emirates Business Castrol, the world leading manufacturer, distributor and marketer of premium lubricating oils, greases and related services to automotive, industrial, marine, aviation, oil exploration and production customers, has launched a new initiative to support workshops around the UAE. A newly introduced fleet of dedicated delivery vehicles serving the whole of the UAE has been put in place ...

Abu Dhabi / Emirates Business As part of its ongoing outreach to attract more international exhibitors to its leading defence shows, a delegation from Abu Dhabi National Exhibitions Company (Adnec) is set to participate in the International Military-Technical Forum ‘Army -2019’. Set to run from June 25-30 in Moscow, Russia, Army-2019 is one of the most comprehensive defence exhibitions in ...

Dubai / WAM The Dubai Multi Commodities Centre (DMCC), announced the dates for the upcoming Dubai Diamond Conference. The fourth edition of the conference will take place on September 26, at the Almas Conference Centre in Dubai. The one-day event will gather global industry professionals to discuss the impact of technological innovation on the diamond industry, its supply chain, and ...

Abu Dhabi / WAM Nawah Energy Company (Nawah), the subsidiary created by Joint Venture partners Emirates Nuclear Energy Corporation (Enec), and Korea Electric Power Corporation (Kepco), to operate, maintain the Barakah Nuclear Energy Plant, on Monday signed a Long Term Maintenance Services Agreement (LTMSA), with Korea Hydro and Nuclear Power (KHNP), supported by Kepco Plant Service and Engineering (KPS). Under the scope of ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, among the early adopters of social media in the region, completes a decade of his presence on Twitter this June. To commemorate his decade-long presence on Twitter, a book featuring a collection of tweets by Sheikh Mohammed ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy (MoE), issued a ministerial decision approving the status of Economic Concentration in the UAE market for the upcoming acquisition of Careem – one of the leading start-ups established in the UAE – by global company Uber. Under the Competition Law No. 04 of 2012 and the Executive Regulation ...

ABU DHABI / WAM The non-oil sector grew 1.6 percent in Q1-2019 on year, with economic growth hitting an annual growth rate of 2.2 percent driven by a robust government and private sector performance, according to Central Bank of UAE’s Quarterly Review. The real gross domestic product is projected to grow by 2 percent over the coming period, catalysed by ...

Dubai / WAM The Dubai Multi Commodities Centre (DMCC) has welcomed 1,868 new companies to its free zone in 2018, marking a 12 percent growth compared to 2017. The construction of Uptown Dubai, DMCCs new district, is also well underway to accommodate the demand for additional space, DMCC announced. “We have established our position as the preferred free zone for ...