Local News

ABU DHABI / WAM The Central Bank of the UAE, in cooperation with the UAE Banks Federation and national banks, has recently launched a national initiative under the name “National Loans Scheme”. This initiative aimed at easing the burden of debt accumulation for UAE nationals. To help UAE citizens better manage their debt settlements, the new National Loan Scheme consolidates ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) announced that its conservation programmes and initiatives over the past 10 years have achieved significant savings in electricity and water use within various stakeholder groups. Cumulative savings between 2009 and 2018 reached 2 terrawatthours (TWh), of electricity and 7.4 billion gallons of water, equivalent to AED1.2 billion ($33 million). These savings ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), inaugrated Al Mutakamela Vehicle Testing and Registration Centre at Al Quoz, Dubai. It spans an area of 140 thousand square metres rendering it one of the largest technical testing and registration centres in Dubai that serves densely populated ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring the energy sector’s excellence and sustainability in the emirate and official partner of the Special Olympics World Games Abu Dhabi 2019, launched the “Sustainable Energy At The Venues” initiative as part of its “Powering the Olympics” campaign. The campaign seeks to create a ...

BISHKEK / WAM The UAE-Kyrgyzstan Joint Economic Committee’s first meeting was held in Bishkek on Saturday and co-chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, and Zhenish Razakov, Deputy Prime Minister of Kyrgyzstan. High on the meeting’s agenda are several programmes and mechanisms to boost cooperation in 13 vital sectors, including trade, investment, Halal industry, financial services, industrial ...

ABU DHABI / WAM Abu Dhabi Airports Free Zone (ADAFZ) has reduced business setup costs by more than 65 percent, with the aim of improving customer satisfaction, enhancing its regional competitiveness and attracting new sources of foreign direct investment (FDI). The business setup cost reduction also supports the government of Abu Dhabi’s latest initiatives aimed at strengthening the competitive business ...

Abu Dhabi / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports increased by 6.8% from AED156.2 billion in 2017 to AED166.9 billion in 2018, according to figures released Abu Dhabi Statistics Centre (SCAD). “This was the result of a 23.8% increase in non-oil exports from AED22.3 billion to AED27.7 billion, 20.7% increase in re-exports, and 0.7% ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd announced that it has completed the delivery of six Boeing 787-9 Dreamliner aircraft to Gulf Air based on an aircraft lease agreement that was signed in November 2017 and were delivered between April 2018 and February 2019. FirozTarapore, Chief Executive Officer of DAE, said: “We are delighted to partner with Gulf Air ...

Dubai / Emirates Business Celebrated every year on the second Thursday of March, World Kidney Day (WKD) is the global awareness campaign that aims at increasing awareness of the importance of our kidneys to our health and reducing the impact of kidney disease and its associated problems worldwide. Chronic Kidney Disease (CKD) is a non-communicable disease that affects 1 in ...

Dubai / Emirates Business dnata, one of the world’s largest air services providers, announced the appointment of Dirk Goovaerts as the company’s Regional Chief Executive Officer (CEO) for the Asia Pacific region. In his role, Dirk Goovaerts will oversee dnata’s catering, ground and cargo handling operations at 10 airports in three countries, including Australia, the Philippines and Singapore, managing a workforce ...