Local News

VIENNA / WAM The Permanent Mission of the United Arab Emirates to the International Atomic Energy Agency (IAEA) in Vienna has launched the first National Nuclear Science for Development Student Competition in cooperation with the UAE Ministry of Education, the Federal Authority for Nuclear Regulation (FANR) and Emirates Nuclear Energy Corporation (Enec). Targeting high-school students from the age of 14 ...

Abu Dhabi / WAM The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion ($748 billion), a growth of 2 percent compared to the end of 2017. According to industry experts, the UAE banking sector’s leading edge corroborates the robust financial solvency it enjoys ...

ABU DHABI / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, on Wednesday announced the creation of Aldar Investment Properties LLC (‘Aldar Investments’), the region’s largest diversified real estate investment company. The company will take ownership of some of Abu Dhabi’s highest quality, revenue-generating real estate assets, valued at AED20 billion ($5.4 billion). Aldar Investments, ...

HODEIDAH / WAM The joint Yemeni Resistance Forces, led by the al-‘Amalaqah Brigades (Arabic for Giants), have taken control of the Kilometre 10 area and have succeeded in cutting all the supply lines of the Houthi militia to the Kilometre 16 area in the province of Hodeidah. The Kilometrre 16 area is a key point on the route between Hodeidah ...

ABU DHABI / WAM­­­­­ Masdar, Abu Dhabi Future Energy Company, will help the Public Utilities Corporation (PUC), in building a five-megawatt solar photovoltaic power plant with battery storage in Seychelles. The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), as well as funds from PUC’s own equity. The project’s Engineering, Procurement And ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry hosted a high-level delegation from the Shanghai Federation of Industry and Commerce (SFIC) at its head office, which was led by Zhao Fuxi, Executive Vice Chairman (SFIC). The visiting delegation, joined by 12 representatives from the Shanghai Federation of Industry and Commerce, was received by HE Hamad Buamim, President ...

AJMAN / WAM The Department of Economic Development – (Ajman, DED) signed two strategic cooperative agreements with TAD Logistics Company and Al Shamali International Freight Services (SIFCO). Under the terms of the agreement, the two companies will assist DED-Ajman in facilitating the transfer and storage of seized, damaged and counterfeit items. The new partnership demonstrates DED-Ajman’s continued commitment towards establishing ...

Dubai / Emirates Business Emirates SkyCargo announced that it has transported the one millionth Unit Loading Device (ULD) through its bonded corridor trucking service connecting Dubai International Airport (DXB) and Dubai World Central (DWC). The trucking service allows for rapid connection of cargo between Emirates’ passenger and freighter aircraft. Emirates SkyCargo launched the trucking corridor in April 2014, when the ...

Abu Dhabi / Emirates Business Etihad Cargo on Wednesday adds to its growing list of specialised products with the launch of FreshForward, affirming its support for a cold chain industry that is also responsible for importing perishable goods to the UAE. The new product ensures items such as fresh fruits, vegetables, dairy, fish, meat and flowers move seamlessly across Etihad ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, stated that Sharjah is supporting qualified UAE nationals in all areas, to find suitable solutions to the challenges facing the development of its cities and regions. He also noted the developments taking place in many projects and services requires everyone’s combined ...