Local News

BEIJING / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (Adnoc) Group CEO, held a series of meetings with Chinese oil, gas, refining and petrochemical industry leaders, focused on expanding and deepening investment and partnership opportunities across Adnoc’s integrated Upstream and Downstream value chain, during a visit to Beijing. Dr Al Jaber ...

MOCHA / WAM The UAE has helped improve the lives of 12,000 Yemenis in Yakhtul, Northern Mocha, with necessary infrastructure development projects, via the Emirates Red Crescent (ERC). The aid authority restored the local electricity network and installed transformers to provide electricity to 1,600 homes, as part of the UAE’s ongoing efforts to restore vital sectors and infrastructure in Yemeni’s ...

Abu Dhabi / Emirates Business A delegation led by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) attended an exclusive Executive Summit held at the Google headquarters in Mountain View, California, USA. The event offered DCT Abu Dhabi and its partners, Etihad Airways, Miral, Adnec, and Aldar, the opportunity to explore Google’s main campus as well ...

Abu Dhabi / Emirates Business Adnoc Distribution announced it has been awarded the International Organization for Standardization Certification (ISO 50001) for its world class Energy Management System (EnMS). The certificate was presented to Adnoc Distribution’s Acting CEO Saeed Mubarak Al Rashdi by Matthew Skinner, Regional Managing Director (Gulf and Pakistan), Intertek Certification, an international accredited certifying body. The ISO 50001 ...

Dubai / WAM The Business Park at Dubai South recorded a 400% growth in companies operating in the park since its inception in early 2015 with the number of companies increasing from 900 in 2015 to 4,500 in 2018. An average of 1,500 new companies has joined the park each year. The park also has a high customer retention rate ...

Dubai / WAM The health of the non-oil private sector in Dubai improved at a marked rate in June. Although the headline index fell from May’s recent peak, reflecting easing travel and tourism growth momentum, stronger expansions were registered in both the wholesale and retail and construction sectors. Furthermore, business confidence accelerated to a survey-record high in June amid a ...

ABU DHABI / WAM The Construction Cost Index (CCI) in Abu Dhabi reached a level of 103.5 percent during the first quarter of 2018, an increase of 9.9 percent compared to the first quarter of 2017, according to statistics issued by the Statistics Centre-Abu Dhabi, SCAD. Construction costs also rose during first quarter of 2018 by 5.6 percent, compared to ...

DUBAI / WAM Dubai will host the first Global Investment in Aviation Summit (GIAS) — a major aviation conference — to be attended by the world’s 500 top aviation investors, as the UAE emerges as the region’s biggest aviation hubs. The high-profile delegates from 40 countries will include 20 aviation ambass- adors, ten knowledge partners, 200 aviation officials and 300 ...

SHARJAH / WAM The Sharjah Investment and Development Authority (Shur-ooq) has announced, in cooperation with General Hotel Management Ltd (GHM) that September 1 will be the opening date for the region’s most coveted heritage resort, “Al Bait,” located in the Heart of Sharjah the largest historical preservation and restoration project in the region. The opening of the five-star hotel, Al ...

DUBAI / WAM The Ministry of Climate Chan-ge and Environment (MoCCAE) and Shalimar Biotech Industries, inked agreement to establish vertical farms on the ministry’s land in Dubai. Under the terms, MoCCAE will allocate 7,600 sqm of its land, provide Shalimar Biotech Industries with logistical support, and provide the services needed for the project. The company will establish 12 vertical farms ...