Local News

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday attended the launch of seven national strategies that promote the development model ...

Abu Dhabi / WAM During the Second UAE Government Annual Meetings, the UAE Government adopted six initiatives to regulate e-commerce nationwide, promote the national economy, support and regulate public- private partnerships (PPP), achieve growth in the national non-oil commodity exports and reinforce the UAE’s position as a hub for global investments. The Economy Working Group meeting examined the means to ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has been named ‘Financial Centre of the Year – Mena’ for a third year in a row by Global Investor magazine. The accolade, presented at the annual Mena Capital Markets Summit Awards in Dubai, is a testament to ADGM’s achievements and innovations across all three of its authorities – the Financial ...

Dubai / WAM Residential and infrastructure projects are driving the growth of Dubai’s construction sector and this trend is expected to gain momentum in the lead up to Expo 2020, a new analysis released by Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from the Dubai Statistics Centre and Haver Analytics, found that the ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (Adnec) announced that bookings for both indoor and outdoor spaces for the upcoming editions of the International Defence Exhibition (Idex, 2019, and the Naval Defence Exhibition (Navdex, 2019), have already reached 95 per cent, revealing the global importance of the shows and the advanced preparations of the world’s leading players ...

Dubai / WAM Dubai World Trade Centre (DWTC), continues its commitment to support Dubai’s vision for leadership in energy security and efficiency through its energy diversification initiatives. In line with the Dubai Clean Energy Strategy’s aim of generating 75 percent of its energy consumption from clean sources by 2050, the DWTC is championing a range of resource and energy optimisation ...

ABU DHABI / WAM Dr Hatem Ali, Representative of the Deputy Secretary-General of the United Nations (UN) and Chief Executive Officer of the United Nations Office on Drugs and Crime (UNODC) in Gulf Cooperation Council (GCC) Countries, described the UAE as a leading international model of developing minds and youth empowerment. In an interview with the Emirates News Agency (WAM), ...

ABU DHABI / WAM The Abu Dhabi Government and the Abu Dhabi National Oil Company (Adnoc) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega-project with a 10 percent stake. The Ghasha concession consists of the Hail, Ghasha, Dalma and other offshore sour gas fields, including Nasr, SARB and Mubarraz. Wintershall will contribute 10 percent of the project ...

DUBAI / WAM A total of 190 countries have confirmed their participation in Expo 2020 Dubai, confirming its position as a truly global destination and bringing to life the World Expo’s theme of ‘connecting minds, creating the future’. With just under 700 days to go until Expo 2020’s opening ceremony, the milestone means that Expo has already surpassed the 180-nation ...

Abu Dhabi / WAM The assets of UAE conventional banks (CB) amounted to around AED2.268 trillion, accounting for 80 percent of total banking assets by the end of October, according to the statistics released on Monday by the Central Bank of UAE on the activity of CB and Sharia-compliant banks. According to the figures, the total assets of the conventional ...