Local News

Private sector work hours reduced during Ramadan

Abu Dhabi / WAM Working hours for the private sector will be reduced by two hours during the Holy Month of Ramadan, according to the Ministry of Human Resources and Emiratisation. Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, issued the decision as per Article 65 of Federal Law No. 08 of 1980. The minister extended his ...

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Tolerance is like oxygen, says Nahyan bin Mubarak

Abu Dhabi / WAM “Tolerance is like oxygen and the people of the UAE are the trees helping equally to produce the oxygen of tolerance,” Sheikh Nahyan bin Mubarak Al Nahyan, the UAE’s Minister of Tolerance said on Wednesday. “The greater the participation of the country’s people in promoting tolerance, the more harmonious, peaceful and prosperous the country will be.” ...

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Adnoc Distribution net profit jumps 6.6% to $157mn in Q1

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer and a company listed on Abu Dhabi Securities Exchange (ADX), on Wednesday reported that its first quarter 2019 net profit increased by 6.6% to AED 578 million ($157 million) when compared with the same period last year. Excluding inventory gains recorded in Q1 2018, the 2019 first ...

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Supreme Council of Energy reviews progress of 2030 demand strategy

DUBAI / WAM The Supreme Council of Energy held its 55th meeting, chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group. The meeting agenda covered several topics, notably the progress related to the ‘Demand Side Management Strategy 2030’ to reduce energy and water ...

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Sharjah non-oil GDP hit AED89b in 2018

SHARJAH / WAM The Sharjah’s 2018 non-oil GDP hit AED89 billion, according to an analytical report on the results of Sharjah’s economy in 2018 issued by Sharjah Economic Development Department (SEDD), with all non-oil sectors accounting for 91.9 percent of the GDP. The report indicated an increase in the volume of general production in the emirate in 2018 to about ...

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Adnoc mulls multi-billion dollar gas pipeline deal

Bloomberg Abu Dhabi National Oil Co. (Adnoc) is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter. Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help raise $5 billion ...

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Morocco wins ‘best stand design’ award at ATM 2019

Dubai / Emirates Business It’s hard to stand out from the crowd when you’re one of 2,800 exhibitors – but the Moroccan National Provincial Tourist Office has been adjudged the Best Stand Design for its authentic representation of a typical Moroccan house at Arabian Travel Market 2019. Reproducing elements of both a ‘riad’ and a ‘dar’, the Moroccan stand featured ...

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Etihad partners with Visit California

Abu Dhabi / WAM Etihad Airways has partnered with ‘Visit California’ to promote the golden state to travellers from around the world. The agreement was announced this week at the Arabian Travel Market in a signing ceremony with Robin Kamark, Chief Commercial Officer of Etihad Aviation Group, and Caroline Beteta, President and CEO of Visit California. The partnership will involve ...

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Khalifa Fund showcases 10 Emirati projects at SME Expo in Abu Dhabi

ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), in coordination and cooperation with Dubai SME, showcased 10 innovative Emirati projects at the Small and Medium Enterprises Exhibition (SME Expo), organised by the National Program for Small and Medium Enterprises and Projects. The expo was held at Abu Dhabi National Exhibition Center under the patronage of Sultan bin ...

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UAE named as next chair of ‘Abu Dhabi Dialogue’

DUBAI / WAM UAE will take over the chairmanship of the inter-governmental forum, Abu Dhabi Dialogue (ADD), from Sri Lanka, whose two-year term will conclude at the Fifth Ministerial Consultation in the autumn of 2019. It will be for the second time that the UAE will chair the ADD, having been central to its establishment in 2008. The announcement came ...

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