Abu Dhabi / WAM The Department of Transport (DoT), in Abu Dhabi has organised the ‘Unique Creations Bazaar’ in collaboration with Zayed Higher Organisation for Humanitarian Care and Special Needs, Enable Enterprise, Ministry of Community Development and Sharjah City for Humanitarian Services. The bazaar offered products made by the Determined Ones (people with disability) and provided them an opportunity to ...
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UAE condemns Somalia for seizure of private jet, funds
Abu Dhabi / WAM The UAE has condemned the seizure of its civilian aircraft carrying millions of dollars by authorities in Somalia on Sunday. In a statement, the Ministry of Foreign Affairs and International Cooperation, said that the jet was seized at Mogadishu airport carrying $9.6 million in cash allocated to support the Somali army and trainees. The ministry added ...
Read More »Abu Dhabi FDI up 7.1%
ABU DHABI / WAM AED108 billion is the volume of foreign direct investment in Abu Dhabi for the year 2017, a growth of 7.1% over 2016, according to the Statistics Center — Abu Dhabi. In its annual report issued in coordination with the Department of Economic Development (DED) on the estimates of FDI in the Emirate of Abu Dhabi in ...
Read More »Dubai launches first AI-based consumer protection service
DUBAI / WAM The Commercial Compliance & Consumer Protection (CCCP) sector Department of Economic Development (DED) Dubai, has launched on Tuesday ’Smart Protection’ service, first of its kind in the world, which adopts artificial intelligence (AI) to respond quickly and efficiently to consumer queries and resolve their complaints. The service engages consumers in a direct dialogue to understand the query ...
Read More »ADNTC posts strong growth
ABU DHABI / WAM Abu Dhabi National Takaful Company (ADNTC) announced its financial results for the year that ended on December 31, 2017. The company posted a combined net profit of AED64.6 million for 2017 (for policyholders & shareholders before Qard Hasan provision). Shareholders net profit reached AED59 million compared to AED48.4 million for the same period last year representing ...
Read More »Fujairah records AED15.4bn in GDP
Fujairah / WAM The Annual Statistical Book 2017 of Fujairah showed that the emirate’s GDP reached AED15.4 billion in 2017. The value of direct foreign trade amounted to AED6.4 billion, and trade via its free zone amounted to AED8 billion, totalling AED14.4 billion. The 21st edition of the book, issued by the Fujairah Statistics Centre, highlighted the various developments taking ...
Read More »UAE investors to help rebuild economies of war-torn countries in Middle East
DUBAI / WAM The UAE’s public, private sector and institutional investors will help re-build the war-torn countries in the Middle East, including Iraq, Syria, Yemen and Libya, a senior official said. Jamal Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said, “Investors in the UAE are well equipped to help re-build the economies of Iraq, Syria, Yemen and ...
Read More »UAE, Georgia review economic, investment and trade relations
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President Giorgi Margvelashvili of Georgia, on Tuesday held official talks on bilateral ties and global developments. The two sides discussed relations of cooperation and friendship between the UAE and Georgia, and the means ...
Read More »Adnoc launches historic oil and gas exploration round
Abu Dhabi / WAM “For the first time in our history, on behalf of the Supreme Petroleum Council, Adnoc will make available six new, large onshore and offshore blocks for competitive bid within the Emirate of Abu Dhabi,†Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company (Adnoc), said. Dr Al ...
Read More »Khalifa ratifies bilateral agreements between UAE, other countries
Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Federal Decrees ratifying a number of bilateral agreements between the UAE and brotherly and friendly countries. The Decrees have been published in the latest issue of the Federal Official Gazette. His Highness Sheikh Khalifa approved an agreement between the UAE and Afghanistan on the mutual allocation ...
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