Local News

Dubai / WAM Trade between Jafza and France grew $1.5billion in 2016 up from $1.3billion that was recorded in the previous year. There are more than 130 French companies operating from Jafza, ranging from healthcare, equipment, oil & gas, cars and transportation. Almost one-third of UAE trade with France involves companies operating in Jafza, a subsidiary of global trade enabler ...

ABU DHABI / WAM Developmental projects worth nearly AED200 million have been appro- ved by the Follow-up Committee of the Initiatives of the UAE President. The approval comes in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the orders of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Dubai / Emirates Business Etihad Energy Services Company (Etihad ESCO) has been awarded the development, and installation of solar photovoltaic (PV) systems to be installed at Dubai Electricity and Water Authority (DEWA) water reservoirs. The installation of solar PV systems on DEWA’s water reservoirs will reduce the Emirate’s carbon footprint and increase the proportion of solar power in Dubai’s energy ...

ABU DHABI / WAM Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity. Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation, said, “In parallel with the UAE’s growth and transformation ...

ABU DHABI / WAM The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax (VAT) at 5%, while residential units will remain generally exempt, except for the first supply of a new residential building within the first three years of it being constructed, which will be 0% rated, according to a statement by the ...

Colombo / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed ways of advancing bilateral relations with Sri Lanka at a meeting here on Saturday with the Sri Lankan Prime Minister Ranil Wickremesingh. The two sides reviewed issues of common interest and the latest regional and international developments of mutual concern. ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT), on Saturday welcomed the launch of airBaltic’s programme to operate direct flights between Riga, Latvia, and Abu Dhabi. As part of the initiative, four-weekly flights between the two cities will operate for five months until March 24, 2018, with the inaugural flight having landed in the ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has opened the new Safi Water Recycling Station in Al Jurf Industrial Area, Ajman. Operating with a daily production capacity of 2.2 million gallons from 300,000 previously, the renovated station costs AED30 million and obtains water from the Ajman Sewage Treatment Plant. ...

Abu Dhabi / WAM Norwegian state oil company STATOIL is hoping to build upon its existing relationship with ADNOC by focusing on upstream partnerships, Neri Askland, its Vice President Middle East and UAE Country Manager, has said. He was talking on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference, ADIPEC. “We have very good relations with ADNOC ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, has announced the winner of the fourth edition of the Entrepreneur Day pitch competition its Dubai Technology Entrepreneur Centre (Dtec), the largest hub of its kind in the Middle East. Providing a unique opportunity for technopreneurs to ...