Local News

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) on Wednesday announced that it is now a ‘partner exchange’ of the United Nations Sustainable Stock Exchanges (SSE) initiative, to promote sustainability and transparency in capital markets. The initiative is a peer-to-peer learning platform that enables exchanges, in collaboration with investors, regulators and companies, to enhance corporate transparency, environmental, social and ...

Bloomberg Emirates NBD PJSC reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The 2018 full-year net income reached AED10.04 billion ($2.73 billion), an increase of 20 percent from AED8.35 billion the previous year. The total income amounted to AED17.4 billion. The bank’s net interest income and the non-interest income ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels. The ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to ...

ABU DHABI / WAM The UAE is establishing a new model of sustainability, investing heavily in advanced science and technology, and equipping national talents with the necessary skills to ensure optimal use of available resources, asserted Ministers from the UAE Government at a special ministerial session during Abu Dhabi Sustainability Week 2019 (ADSW 2019). Sustainability is the way for the ...

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, received on Wednesday a phone call from Austria’s Chancellor Sebastian Kurz, during which they discussed the distinguished bilateral relations between the two countries and ways to enhance them in all fields. They also reviewed ...

Dubai / WAM Dubai will host the global annual technology Conference ‘Microsoft Ignite’ on March 27-28, with the participation of 350 experts. The two-day event, which will cover more than 100 workshops – will share global technology innovations to regional audiences. Ignite aims to bring together developers and technology professionals from across the region to learn, explore, and connect with ...

ABU DHABI / WAM The UAE hospitality and food service sector has saved 1.5 million meals from the bin in 2018 as part of the UAE food waste pledge, said Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment. The announcement was made on the sidelines of Abu Dhabi Sustainability Week 2019, in the presence of HH ...

DUBAI / WAM The Dubai Roads and Traffic Authority (RTA), conducted tests to ensure the functionality of fare collection gates and central systems software for the Route 2020 Project. The project, undertaken by RTA in collaboration with global firms, involves extension of Dubai Metro Red Line up to the site of Expo 2020. The authority verified the operational readiness of ...

DUBAI / WAM A high level Italian delegation led by Italian Vice-Minister of Foreign Affairs and International Cooperation, Manlio Di Stefano, explored ways to build closer ties in energy and water sectors with the Dubai Electricity and Water Authority (Dewa). This came during a meeting held by Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa, with the delegation. ...

DUBAI / Emirates Business The strategic partnership between Dubai’s two airlines, Emirates and flydubai, continues to open up the world for travellers since its launch 14 months ago, and is set to grow even further in 2019 with new codeshare destinations to be added. The partnership, which came into effect at the end of October 2017, has since delivered a ...