Local News

Dubai / Emirates Business Kuwait Oil Company (KOC) and Grandweld Shipyard, based in the UAE, celebrated the occasion of initial steel cutting announcing the commencement of the production phase for building six Pilot Boats and four Crew Boats for KOC. The design and Engineering phase for the project started during May 2017 and now the production phase has started with ...

DUBAI / WAM Expo 2020 Dubai Bureau has reaffirmed its commitment to inspiring collaboration and driving innovation globally through a series of initiatives and events held during the first-ever UAE Innovation Month. Throughout February, the bureau organised and participated in more than 20 events, in collaboration with Premier Partners and other entities across the UAE, engaging key stakeholders from government, ...

Dubai / WAM Indian Railways, India’s national railway system operated by the Ministry of Railways, has announced its participation at Middle East Rail 2018, to talk about $140 billion worth of current and future rail projects that the government is building to upgrade the country’s urban transportation network. Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

ABU DHABI / Emirates Business Al Hilal Bank has formed a new relationship with National Takaful Company – Watania, and opened an on-site virtual clinic at its headquarters in Abu Dhabi where doctors and medical advice will be accessible via a mobile application and kiosks for staff-members’ health related inquiries, making it the first bank in the UAE to have ...

DUBAI / Emirates Business The stage is set for the return of the Middle East’s only dedicated trade fair for tools, hardware, materials, and machinery next month in Dubai, as global manufacturers and local suppliers keep all eyes on a regional construction market that’s well on the road to recovery. More than 160 exhibitors are expected to take part in ...

ABU DHABI / Reuters Italian energy company Eni and state oil giant Abu Dhabi National Oil Co (Adnoc) are expected to sign a deal on Sunday, the Italian government and a source said. A statement from the Italian PM’s office said a signing ceremony was scheduled to take place after premier Paolo Gentiloni meets HH Sheikh Mohamed bin Zayed Al ...

DUBAI / WAM Dubai Land Department (DLD) has confirmed that it successfully conducted 8,173 real estate valuations worth over AED287 billion, the highest value ever recorded in 2017. According to a report issued by Taqyeem, Dubai’s Real Estate Appraisal Centre, valuations are done for a variety of reasons such as: investor visas, gifted transfer, auction sales, zakat calculations, sale estimates, ...

ABU DHABI / WAM The number of hotel guests staying in Abu Dhabi during January rose 7.4% versus the same month a year ago, building on the success of a record-breaking 2017 when close to a total of five million people stayed in the emirate. In total 437,228 hotel guests stayed in the emirate’s 162 hotels and hotel apartments during ...

DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) has announced the completion of 50 percent of the main tunnelling work on the Route 2020 Project, which extends 3.2 km at a varying depth from 12 to 36 metres, while the completion rate of the construction of ...

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) on Saturday announced that the integrated free zone technology park has achieved remarkable results in 2017 with a total revenue of AED590.5 million and growth of 11.2% compared to the previous year. Overall ...