Local News

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the issuance of Law No.19 of 2018 on Foreign Direct Investment (FDI), represents a quantum leap in the business environment in the country, strengthening its attractiveness to FDI and supporting its efforts at attracting qualitative investments in sectors such as knowledge, innovation and advanced technology, ...

DUBAI / WAM Hindustan Infralog Private Limited (HIPL), a joint venture between DP World (65%) and the National Investment and Infrastructure Fund (NIIF), (35%), has won the bid to develop and operate the Free Trade Warehousing Zone at India’s largest container gateway – Jawaharlal Nehru Port Trust (JNPT), for $78 million. Hindustan Infralog Private is the recently created investment vehicle ...

ABU DHABI / WAM The UAE has reinforced its presence in the world of digital media, through innovative strategies that have helped to convey its message locally and internationally. The UAE’s digital media is being supported by many senior officials. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, declared ...

Dubai / WAM The Global Islamic Economy Summit 2018 in Dubai concluded on Wednesday with a call for halal industries to embrace innovative technologies in order to ensure their sustainable growth. The high-level summit, the largest event dedicated to all aspects of the Islamic economy, was held on October 30-31, and attended by over 3,000 visitors, including HH Sheikh Hamdan ...

Abu Dhabi / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, said that celebrating UAE Flag Day is of great significance to the nation’s citizens and residents. “It reflects the immense pride in our visionary leadership of President His Highness Sheikh Khalifa bin ...

Tarim / WAM The Emirates Red Crescent (ERC), has distributed food aid in Tarim in the Hadramout Governorate of Yemen, as part of ongoing efforts to improve living conditions and alleviate the suffering of Yemeni people. The ERC distributed 250 food baskets to 1,250 families who lauded the UAE’s continuous support of Yemen and its people in the face of ...

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, on Wednesday announced that the UAE will contribute $1.5 million annually for the period 2019 to 2021, cumulatively amounting to $4.5 million, to fund the projects carried out by the Global Green Growth Institute (GGGI). The announcement was made at the GGGI’s Assembly and Council, held ...

Abu Dhabi / Emirates Business Etihad Airways is celebrating fifteen years since its first flight and its subsequent rise as one of the world’s leading airlines. The major milestone is being marked with a series of events and initiatives in Abu Dhabi and around the world, beginning with the unveiling of an exclusive collaboration with iconic New York fashion designer, ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued a Decree-Law No. (19) of 2018 on Foreign Direct Investment (FDI) which aims to promote and develop the country’s investment environment, and attract foreign direct investment in line with the national development policies. In accordance with Article II, the decree-law aims to consolidate the country’s position ...

DUBAI / WAM Dubai trade with South Korea grew eight percent from AED 25.3 billion in 2016 to AED 27.4 billion in 2017, standing at AED8.7 billion during first six months of 2018. The figures were revealed during a meeting between Ahmed Mahboob Musabih, Director of Dubai Customs, and a South Korean delegation led by the Consul-General in Dubai, Chun ...