Abu Dhabi / WAM A relentless focus on operational efficiency, while balancing market conditions with long-term future growth, requires a careful, calibrated and agile response from the oil and gas industry, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc). Speaking at the third Atlantic Council Global ...
Read More »Local News
Khalifa Fund signs $25mn pact to promote, develop SMEs in Mali
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Ibrahim Boubacar Keita, President of Mali, witnessed the signing ceremony between the Khalifa Fund for Enterprise Development and the Malian Government represented by the Ministry of Economy and Finance, on Saturday in Abu ...
Read More »$50mn ‘UAE-Caribbean fund’ names 3rd cycle recipients
ABU DHABI / WAM The UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) on Saturday announced at Abu Dhabi Sustainability Week 2019 the launch of the third cycle of the $50 million UAE-Caribbean Renewable Energy Fund (CREF), with funding allocated to projects delivered in Jamaica, Cuba, Suriname, Trinidad & Tobago. Fully financed by Abu Dhabi Fund for Development (ADFD), ...
Read More »Emirates announces network updates for ’19
DUBAI / WAM Emirates announced adjustments to its operational schedules in 2019 to minimise the impact of the closure of Dubai International Airport’s Southern Runway between April 16 and May 30, and to respond to global travel demand trends. Sir Tim Clark, President Emirates Airline, said, “The changes we are implementing to our network schedules in 2019 are in line ...
Read More »UAE rebuilding more schools in Yemen in 2019
Aden / WAM The Emirates Red Crescent (ERC) teams have started rehabilitation of seven schools in Yemen as part of the UAE developmental and aid programmes during the Year of Tolerance. In continuation of the Year of Zayed initiatives, the new projects include revamping seven schools: Al Wahda, in Al Seimen; Tarek bin Zayed, in Al Shujeirah; Al Fajr, in ...
Read More »ADFD allocates $10mn for solar PV project in Mauritius
ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, on Saturday signed a $10 million concessionary loan agreement with the Government of Mauritius to fund a solar photovoltaic (PV) kits project. As announced at the eighth session of the Irena Assembly in January 2018, the project that aims to provide ...
Read More »Abu Dhabi’s nominal GDP hits AED692.8bn
ABU DHABI / WAM The Abu Dhabi’s nominal gross domestic product (GDP) amou- nted to AED692.8 billion in the first nine months of 2018, 14 percent up from AED 608 billion during the corresponding period of 2017, according to the Statistics Centre- Abu Dhabi (SCAD). Driven by an economic upturn across oil and non-oil sectors alike, the nine-month GDP accounts ...
Read More »VP approves national policy on vital residential communities
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, prioritises the quality of life of its citizens, while its government has prioritised housing and is achieving sustainability in this vital ...
Read More »â€˜Addressing climate change a top priority for UAE government’
Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, stressed that the UAE applies the highest standards to reduce the negative impact of climate change. “Addressing issues of climate change is a top priority for the UAE government and sustainable development is the way forward to preserve resources for ...
Read More »Abu Dhabi Ports container handling up 24% in 2018
ABU DHABI / WAM The number of Standard Container handling by Abu Dhabi Ports increased last year by 24%, to reach 1.74 million containers, compared to 1.4 million in 2017, according to the latest statistics. The statistics reflect the company’s commitment to achieving economic diversification in Abu Dhabi, through the development of non-oil sectors and the use of innovation in ...
Read More »