Local News

DUBAI / Emirates Business Kuwait Oil Company (KOC) and Grandweld Shipyard, based in the UAE, has celebrated the launching of the first crew Boat as per an agreement signed last March to build six Pilot Boats and four Crew Boats for KOC. The remaining nine boats will be delivered in June 2019. The boat, that has been specially designed to ...

Abu Dhabi / WAM The Emirates Foundation, the national organisation set up by the Abu Dhabi Government to facilitate public-private funded initiatives for the empowerment of youth across the UAE, has announced the kick-off of the 7th edition of its ‘Think Science’ national competition, in partnership with the Ministry of Education and the Department of Education and Knowledge (ADEK). To ...

DUBAI / Emirates Business Global trade enabler DP World has been awarded the Gulf Business Innovator of the Year Award for its collaboration with Virgin Hyperloop One to develop the DP World Cargospeed system that will deliver on-demand freight at the speed of flight and closer to the cost of trucking. The award was received on behalf of the two ...

DUBAI / Emirates Business Dubai Land Department (DLD) signed a Memorandum of Understanding (MoU) with the Reed MIDEM SAS to promote the services offered by DLD. The agreement aims to enhance the trust in Dubai’s real estate sector through a cooperation between the two parties. The company will use its expertise to promote DLD’s services across investors. HE Sultan Butti ...

ABU DHABI / WAM The Integrated Transport Centre (ITC) at the Department of Transport (DoT) in Abu Dhabi has announced that its surface parking bays will be free of charge starting from Thursday, September 13 to Saturday, September 15 at 7:59 am on the Hijri new year’s holiday. To that regard, ITC urges the public not to park their vehicles ...

DUBAI / WAM Green capital will be the focus of discussions at the annual World Green Economy Summit (WGES 2018), amid the global commitments to build a green and sustainable world economy. Green finance refers to the financing of investments that provide environmental benefits in the broader context of environmentally sustainable development. WGES 2018 will host fruitful discussions on how ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), has been named ‘Most Innovative Investment Bank from the Middle East’ for the third consecutive year at The Banker’s 2018 Investment Banking Awards. Andy Cairns, FAB’s Senior Managing Director and Head of Global Corporate Finance, received the award at a ceremony in London. In their 12th year, the awards celebrate innovation ...

ABU DHABI / WAM The UAE’s economic sectors have continued their growth since the start of the current year, according to a digital review of relevant indicators, which encouraged the banking system to fund the activities of various sectors that support the national economy. Statistics issued by the Central Bank of the UAE show that ten vital economic sectors witnessed ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced, on Monday, major development plans for Ruwais City, a 6.9-square kilometer community near the Ruwais Industrial Complex, in Abu Dhabi’s Al Dhafra region. The project will see the city’s population nearly double, over the next 15 years, to more than 50,000 people, as well as the creation of ...

DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, stressed the importance of providing opportunities for Emirati youth and encouraging them to develop new skillsets associated with Artificial Intelligence (AI) technologies. Al Olama’s statement came on the back of signing a strategic partnership agreement with Mohammed Amin, Senior Vice President, Middle East, Turkey and Africa ...