Local News

Ajman’s digital transformation journey highlighted at WSIS

Geneva / Emirates Business The Ajman Digital Government participates in the World Summit on the Information Society (WSIS 2019) Forum in Geneva, Switzerland. The event witnessed an international participation from countries, their ministries and organisations that have taken a crucial decision in their governance of ensuring technology and information is always the core of their policies. Ajman Digital Government is ...

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SBA introduces emirati culture at Tunis Book Fair

Sharjah / WAM As part of its ongoing efforts to enhance cooperation, Sharjah Book Authority (SBA) is taking part at the 35th edition of the Tunis International Book Fair, that is taking place, under the theme, ‘We read to live twice’. The SBA is showcasing Sharjah’s cultural project and key initiatives aimed at enhancing the local publishing industry, and organising ...

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Damac secures £175mn funding for London’s landmark project

Dubai / WAM Damac International has secured a development financing package of GBP175 million for London’s landmark project, Damac Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty. The securing of the £175 million across three major lenders including Barclays Bank, which acted as ...

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NCM warns sea-goers against potential strong winds, rainfall

Abu Dhabi / WAM The National Center of Meteorology (NCM) warns sea-goers in Arabian Gulf against potential convective clouds formations associated with rain fall. In a statement, NCM said thunders and fresh to strong winds are forecast at times, with a wind speed of 60 km/hr at times. Sea will be rough to very rough at times, from 1.00 am Saturday ...

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DP World to showcase ‘door-to-door’ logistics at GPCA

Dubai / Emirates Business DP World UAE Region will showcase its latest range of offerings for the petrochemicals and chemicals sector at the 11th Gulf Petrochemical and Chemical Association (GPCA) trade show that will be held from April 15-17 in Dubai. The company will highlight new door-to-door logistics solutions that cover the full breadth of the supply chain and support ...

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Al Mazrouei: Opec won’t jump the gun again, market needs balance

ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, affirmed that there is a “high probability” of achieving balance in the oil market by the end of 2019. “The Joint Ministerial Monitoring Committee (JMMC) in Jeddah next month will look into the prevailing market conditions and decide to continue the output cut deal ...

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UAE, an ‘attractive’ investment haven

ABU DHABI / WAM The CEO of NATIXIS, a global Asset Management Company with $1,008 billion in assets under its management, described the UAE as an “attractive” investment haven. “The UAE for us is an attractive place, no doubt. It is classified as an emerging market. You have stability and you have a long term view of economic development,” Jean ...

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Aldar launches new waterfront development

Abu Dhabi / WAM Aldar Properties PJSC (Aldar) announced the launch of its latest waterfront development, Lea – located on the northern shores of Yas Island. Offering land plots starting at AED 990,000 and sizes ranging from 405 square metres – 1,800 sqm, and available for purchase by all nationalities, sales will commence at Cityscape Abu Dhabi, running from April ...

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Production at UAE’s first alumina refinery begins

Dubai / WAM Emirates Global Aluminium (EGA), on Wednesday announced the start-up of Al Taweelah alumina refinery, a strategic growth project that expands the industrial giant’s business upstream in the aluminium value chain. Alumina is the feedstock for aluminium smelters and is refined from bauxite ore. Once full ramp-up is achieved, Al Taweelah alumina refinery is expected to produce some ...

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China unveils design for Expo 2020 pavilion

DUBAI / WAM The design of the Chinese Pavilion for Expo 2020 Dubai was unveiled on Wednesday in Dubai, in the presence of Ambassador Ni Jian of the People’s Republic of China in the UAE, Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau and Zhang Yi, Deputy Secretary-General of China Chamber of International Commerce. Among other attendees were more ...

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