Local News

DHALA / WAM The Emirates Red Crescent (ERC), has opened Al Fazaa School at Dhala Governorate after revamping and furnishing it as part of its efforts to support and restore the educational sector in Yemen. The school includes 12 classrooms and hosts more than 900 students. The opening ceremony was attended by Mohsen Al Hanaq, Director-General of Educational Directorate, and ...

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (Adnoc) has agreed, in principle, to extend to 2040 its gas supply agreement with Adnoc LNG, in coordination with Adnoc LNG’s joint venture partners, Mitsui, BP and Total. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire ...

Dubai / Emirates Business In keeping with its commitment to ‘deliver as promised’ to customers, Emirates SkyCargo has reinforced its service standards using the Cargo iQ framework and achieved a number of significant milestones in the process. The air cargo carrier announced that it has monitored nearly 823,000 shipments using Cargo iQ guidelines in the first six months since it ...

ABU DHABI / WAM Emirates News Agency (WAM) has expanded its news services to include five new languages, bringing the total to 13 languages spanning 142 countries around the world. The five new languages – German, Italian, Turkish, Persian and Hindi – are spoken in 42 countries. WAM’s existing news service is broadcast in six languages (French, Chinese, Russian, Portuguese, ...

Dubai / Emirates Business MaK Middle East LLC, a Caterpillar company established in Dubai in 2017, continues to reinforce its commitment to excellence in the region by providing quality services and sustained innovation. The company, a direct distributer of Caterpillar Inc’s medium speed engine brands; MaK, CM and EMD, as well as Napier and KBB turbochargers; has a dedicated facility ...

Dubai/ WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, announced its latest initiative, the National Accelerator Programme, an extensive 18-week training that has been especially designed for young Emirati nationals to give them a better understanding of government export credit insurance. Through this programme, ECI commits to an environment of comprehensive development and continuous learning for the ...

ABU DHABI / WAM The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) has signed the first of a series of concession agreements with Italy’s multinational oil and gas company Eni, awarding it a 25 percent stake in its offshore ultra-sour gas mega project. The Ghasha Concession consists of the Hail, Ghasha, Dalma and other offshore fields. ...

DUBAI / WAM Dubai external trade in foodstuff recorded AED44.24 billion in H1 of 2018. Imports made AED27.68 billion, exports touched AED7.71 billion, and re-exports recorded AED 8.84 billion, according to recent figures released by Dubai Customs in conjunction with the launch of Gulfood Manufacturing Exhibition 2018 in Dubai. Rice took the lion’s share of foodstuff trade with AED2.43 billion, ...

DUBAI / WAM Emaar Development, owned by Emaar Properties, has recorded a growth in net profit of 19 percent during the first nine mon-ths of 2018, to AED2.498 billion ($680 million), compared to AED2.106 billion ($573 million) during the same period in 2017. Total revenue for the first nine months is AED10.033 billion ($2.732 billion), an increase of 54 percent ...

DUBAI / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO) and the Dubai International Financial Centre Authority (DIFC) signed a Memo- randum of Understanding (MoU) to foster growth of art, culture and creativity in Dubai. Under the MoU, Brand Dubai and the DIFC Authority, will collaborate to expand cultural development in Dubai and initiate ...