Local News

ABU DHABI / WAM Adnoc Drilling, an Abu Dhabi National Oil Company (Adnoc), subsidiary, on Sunday announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate. The well was the first to be drilled in a fully integrated way – delivered to Adnoc ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), completed the Structural Integrity Test (SIT), and Integrated Leak Rate Test (ILRT), at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the ...

Abu Dhabi / Emirates Business Etihad Guest, the loyalty programme of Etihad Airways, and the Saudi-headquartered Arab National Bank (ANB) have partnered to launch an ANB Etihad Guest Signature Visa Card in the Kingdom of Saudi Arabia. Yasser Al Yousuf, Vice President Commercial Partnerships, Etihad Airways said: “At Etihad Guest, we make every effort to cooperate with prestigious companies to ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), held meetings with the Amman Stock Exchange, ASE, Jordan Securities Commission, JSC, and representatives of the companies listed on ASE on the sidelines of ADX’s participation in the second Arab Capital Markets Conference in the Jordanian capital, Amman. The ADX delegation held a series of meetings with the ASE to discuss ...

Abu Dhabi / WAM The Abu Dhabi Global Market (ADGM), and the Hainan Provincial Government have announced the signing of a Memorandum of Understanding to further boost the economic and financial collaboration between China and the UAE via Hainan Free Trade Zone and ADGM’s international financial centre and financial free zone. The signing took place on the sidelines of the 2019 ...

Dubai / WAM Emirates Global Aluminium (EGA), Mubadala and Dubal Holding on Sunday officially broke ground on a new AED1 billion state-of-the-art power block at EGA’s Jebel Ali smelter in Dubai. EGA is the largest industrial company in the UAE outside oil and gas, and is jointly owned by Mubadala Investment Company and Dubal Holding. The ground-breaking ceremony was held ...

Dubai / WAM Arab Regional Tax Forum has discussed ways of balancing tax policies, Arab countries’ competitiveness in managing them, as well as the challenges facing these nations in pursuing their tax policies. The two-day forum which opened on Sunday at the Grand Hyatt Hotel in Dubai, is organised by the Ministry of Finance (MoF), and the Arab Monetary Fund ...

DUBAI / WAM The UAE gross domestic product (GDP), grew by 1.7 percent in 2018 at constant prices of 2018 as compared to 2017, said Sultan bin Saeed Al Mansouri, Minister of Economy, on Saturday citing preliminary macro-economy indexes issued by the Federal Competitiveness and Statistics Authority (FCSA), for last year. Al Mansouri noted that the improvement in the UAE’s ...

Dubai / WAM Investments in technologies enabling smart cities in the Middle East and Africa (MEA), region is expected to hit the $2.30 billion mark by 2021 as per the estimates of International Data Corporation. Given that large funding is needed to build smart cities, public-private partnerships (PPPs), are seen as the key force that will help accelerate such undertakings ...

ABU DHABI / WAM The Global Forum for Innovations in Agriculture (GFIA), the leading exhibition and conference on sustainable agricultural solutions, opens on Monday at Abu Dhabi National Exhibition Centre (Adnec). The sixth edition of GFIA, will focus on how Artificial Intelligence (AI) can drive progress in agriculture towards increasing food production and ensuring food security in the Middle East ...