Local News

Siemens contributes AED4.5bn to UAE economy

  Abu Dhabi / WAM After almost four decades of operating in the UAE, Siemens has quantified its contribution to society through its operations in a report entitled, “In the UAE, for the UAE – Making real what matters”. The findings illustrate the company’s commitment to the country in line with the UAE’s vision for a diversified, sustainable future. Through its ...

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New data project to help UAE protect environment

  Abu Dhabi / WAM Ordnance Survey (OS) International, the global arm of the United Kingdom’s (UK) mapping agency, and space systems provider, Deimos Space UK, will work with Dubai’s space centre to help the UAE improve its planning and managing of its natural resources and infrastructure. OS International will help develop a single source for digital geospatial data for the ...

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DWC records 84.5% surge in passenger traffic in 2016

  Dubai / WAM Passenger traffic at Dubai World Central, DWC, Dubai’s second international hub, witnessed a strong surge in 2016, climbing 84.5 percent according to the traffic report issued by operator, Dubai Airports, on Tuesday. DWC welcomed a total of 850,633 passengers in 2016, up 84.5 percent compared to 461,063 passengers recorded in 2015. During the fourth quarter, passenger traffic ...

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UAE and Kazakhstan discuss cooperation

  Astana / WAM Dr Mohamed Ahmed bin Sultan Al Jaber, the UAE Ambassador to Kazakhstan, and Beibut Atamkulov, Kazakh Minister of Defence and Aerospace Industry, have discussed cooperation between the two countries in the defence industries field. During the meeting, held at the ministry in Astana, the UAE envoy highlighted the recent visit of the President of Kazakhstan, Nursultan Nazarbayev, ...

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Emaar Malls achieves 13% growth in FY 2016

  Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties, recorded a net profit of AED 1.874 billion during 2016, an increase of 13 per cent over the full-year 2015 net profit of AED 1.656 billion. FY 2016 revenue recorded a growth of 8 per cent to AED 3.227 billion ...

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UAE Central Bank Board reviews Q4 report for 2016

  Abu Dhabi / WAM The Board of Directors of the UAE Central Bank has reviewed the bank’s Q4 Report for 2016, which covered various banking related issues. The first meeting in 2017, held under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board, reviewed a report from the Monetary and Reserve Management Department, which included systemic prudential ratios ...

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Masdar Institute files patent for innovative cloud seeding material

  Abu Dhabi / WAM The Masdar Institute of Science and Technology, the independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, announced that its research team, one of the inaugural recipients of the US$5 million grant from the UAE Research Program for Rain Enhancement Science last year, has filed a provisional patent with the United States Patent and ...

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Imdaad reveals AED60 million acquisition plan for 2017

  Dubai / Emirates Business Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, revealed that it will invest AED60 million this 2017 to achieve growth via targeted acquisition of local firms. The announcement was made during a press conference on Tuesday, at the Jumeirah Zabeel Saray, Palm Jumeirah in Dubai where the leading FM company also ...

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DAFZA showcases investment plans to 300 investors from USA, France

  Abu Dhabi / Emirates Business The Dubai Airport Freezone Authority (DAFZA) is showcasing its comprehensive corporate packages designed to drive regional and global business growth during its participation at Arab Health 2017, the latest edition of the Middle East’s largest healthcare exhibition and medical congress running from January 30 to February 2 at the Dubai International Convention and Exhibition ...

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MBRSC bids to host ‘Int’l Astronautical Congress’

  Dubai / Emirates Business Yosouf Hamad Al Shaibani, Director General of the Mohammed bin Rashid Space Centre (MBRSC), announced that the centre has submitted a request to the International Astronautical Federation (IAF) to host the 71st session of the International Astronautical Congress (IAC), which will be held in 2020, in coordination with the UAE Space Agency. Al Shaibani made ...

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