Local News

ADM issues 210 offences against construction firms

ABU DHABI / WAM Al Wathba Municipal Centre of the Abu Dhabi Municipality (ADM), conducted an inspection campaign in Al Faya Industrial Area to monitor temporary construction sites, reduce debris, and urge owners to adhere to the public safety standards as per the Buildings Regulation Law No. 04 of 1983 and its executive regulations. During the campaign, the municipal inspectors ...

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Adnoc signs deal to supply Naphtha to Japan, Thai firms for three years

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday the signing of two new agreements, with Idemitsu Kosan Co. Ltd. of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons of Naphtha per year. These deals follow the recent announcement from ADNOC that it had signed a similar ...

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Ways to boost UAE-South Korea trade relations in emerging sectors explored

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), received a high-ranking delegation from South Korea, led by Kim Dong-yeon, Minister of Strategy and Finance and Deputy Prime Minister. The meeting, held at the Dubai headquarters of the UAE Ministry of Economy, explored ways of enhancing synergies ...

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UAE grants amounted to AED39 billion in 9 months

ABU DHABI / WAM Grants offered by the UAE inside and outside the country stood at AED39 billion during the first nine months of 2017 an increase of 44.8 percent over the same period of 2016 when it reached AED15.9 billion according to statistics by the Central Bank of the UAE. “Grants provided by the UAE in the first half ...

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NMC Health raises $2 billion loan

DUBAI / Reuters United Arab Emirates’ healthcare provider NMC Health has raised a $2 billion loan which will be used for general corporate purposes and partly to refinance existing debt, sources familiar with the matter said. The fundraising, completed earlier this month, was provided by a consortium of banks including Citi, JPMorgan and Standard Chartered, the sources said. London-listed NMC ...

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Masdar, Korean agency to collaborate on renewables

ABU DHABI / WAM Masdar, Abu Dhabi Future Energy Company, announced the signing of a Memorandum of Understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the South Korea and the UAE. Mohamed Jameel Al Ramahi, Masdar’s CEO and Dr. Nam Hoon Kang, President and CEO of KEA, signed the MoU, which coincided with ...

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Smart Dubai signs deal with ‘Business Sweden’

DUBAI / WAM Smart Dubai has signed an agreement with Swedish trade and investment board, Business Sweden, at its headquarters in Dubai Design District (d3). The agreement seeks to encourage cooperation and exchange of expertise between the two sides with regards to advanced technologies, such as blockchain, artificial intelligence (AI) and the Internet of things (IoT). It also fosters cooperation ...

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GPP provides exceptional growth opportunities for entrepreneurs

Dubai / WAM Local and Federal Government entities play a significant role in supporting the growth of national start-ups by providing lucrative contracts and business opportunities through the Government Procurement Programme (GPP), His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said. The programme is a leading initiative that ...

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Sharjah Ruler to open IGCF2018 today

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, will open the seventh International Government Communication Forum (IGCF), at the Sharjah Expo Centre, on Wednesday. Organised by the International Government Communication Centre (IGCC), the two-day forum is being held under the theme ‘Digital Millennium…Where To?’ and will host more than ...

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UAE hosts conference on countering IEDs

Abu Dhabi / WAM The UAE on Tuesday hosted the first ‘Lessons Learned Countering Improvised Explosives Devices (C-IED), conference in Abu Dhabi, to discuss ways and share expertise to defeat the growing threat of these lethal booby-traps. “The main purpose of this conference is to increase cooperation and exchange of information, experiences and lessons learned in order to counter the ...

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