Local News

Fewa, Commercial Bank International sign deal

Abu Dhabi / WAM The Federal Electricity and Water Authority (Fewa), signed an agreement with the Commercial Bank International (CBI), under which the bank will provide bill payment services to its customers through its various branches within and outside the UAE. Commenting on the announcement, Sheikha Murad Al Blooshi, Director of the Revenue and Credit Department, said that the authority ...

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Expo 2020 becomes first 5G commercial customer in region

Dubai / Emirates Business The UAE has set another benchmark for the early adoption of advanced new technology, with Expo 2020 Dubai becoming the first major commercial customer in the Middle East, Africa and South Asia (Measa) region to access 5G services, through its partnership with Etisalat. The leading UAE telecom provider connected Expo 2020 Dubai to its 5G network, ...

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UAE ranks first in Arab world in Global Innovation Index

ABU DHABI / WAM The UAE remained in good standing at this year’s edition of the Global Innovation Index (GII) as it ranked number one in the Arab World and ranked 38th globally and 24th in the innovation input pillar. In addition, the country also demonstrated an increase in its innovation output pillar from 56th in 2017 to 54th this ...

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Reem Al Hashemy lauds efforts of ERC in Yemen

ADEN / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, praised the humanitarian efforts of the Emirates Red Crescent (ERC), to alleviate the hardships of various vulnerable people and communities, especially the brotherly Yemenis, who are suffering the repercussions of the actions of the Houthi militias. She stated that the ERC’s efforts in Yemen have become ...

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Barakah plant’s unit 3 takes shape

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi. In a press statement, Enec announced the successful completion of major construction works including major concrete pouring, installation of the Turbine Generator, and the ...

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‘Media Lab’ launched

ABU DHABI / WAM The National Media Council (NMC), the regulatory body for the UAE’s dynamic media sector, announced the launch of the ‘Media Lab.’ Established to unify the efforts of media laboratories across the country, the facility forms part of the council’s strategic role in upgrading national media systems and is a tangible result of the UAE Government Annual ...

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Dubai Chamber sees 106% rise in overseas delegation visits

Dubai / Emirates Business Dubai Chamber of Commerce and Industry has revealed that the number of international delegations it hosted during the first half of this year increased by 106% over the same period last year. The chamber, which represents the interests of Dubai’s business community, announced that it received 721 visiting delegations, compared to 350 for the same period ...

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SMEs drive 47% of Dubai’s GDP

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, mandated to develop the Small and Medium Enterprise (SME) sector, in conjunction with the Dubai Statistics Centre, released a new study on the local SME sector as part of Dubai SME Development Plan (SMDP), which is part of the Dubai Plan 2021. The study ...

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SEDD and Shams boost cooperation

SHARJAH / WAM Sultan Abdullah Al Suwaidi, Chairman of the Sharjah Economic Development Department (SEDD) received Dr Khalid Omar Al Midfa, Chairman of Sharjah Media City, Shams, and Shehab Ahmed Al Hammadi, Shams Director-General. The meeting discussed means of cooperation and mutual work for the benefit of investors. SEDD chairman said the meeting is important for enhancing cooperation and speeding ...

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UAE-Vietnam trade reaches $9bn

ABU DHABI / WAM The value of foreign trade between the UAE and Vietnam, including free zones trade, totalled nearly $9 billion in 2017, with exports accounting for around $324 million, re-exports around $282 million, and imports for around $8.4 billion. An analytical study, titled, “The Reality of the Foreign Trade between the UAE and the Socialist Republic of Vietnam,” ...

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