Local News

Abu Dhabi / WAM Abu Dhabi National Oil Company (ADNOC), on Tuesday announced the revamp of the ADNOC Technical Institute, which has been launched as the ADNOC Technical Academy (ATA), reinforcing the company’s commitment to investing in, and cultivating, young Emiratis’ professional development and building the next generation of ADNOC technicians and operators. As part of ATA’s revamp, over the ...

Fujairah / WAM The Fujairah Chamber of Commerce and Industry (FCCI), and the European Union Mission in the UAE, have discussed the economic and trade relations between the UAE in general, and the emirate in particular, with EU countries. The parties also covered ways to promote ties between Fujairah’s entrepreneurs and their counterparts in the EU. Discussions took place during ...

Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, inaugurated the third International Conference on Future Mobility in Dubai on Tuesday. Around 350 representatives of global, regional, Gulf and local governments, as well as experts in environment, energy, technology, communications, research and legislation, are participating in the conference, organised by the Emirates Authority for Standardisation and Metrology (ESMA). ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-profile delegation from the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), to coordinate efforts in achieving the objectives of the UAE Foreign Aid Strategy, 2017-2021. The opening session was chaired by Mohammed Saif Al Suwaidi, Director-General of the ADFD, ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) announced the successful issuance and closing of a $3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East. The bond, issued by ADCOP, an entity 100 percent owned by the ADNOC Group, highlights the more proactive and flexible management of ADNOC’s portfolio ...

Dubai / Reuters DP World extended its reach into Somaliland on Monday, announcing that it would develop an economic zone in the breakaway Somali region. The chairman of the Dubai state-owned port operator, Sultan bin Sulayem, and Somaliland’s foreign minister Saad Ali Shire signed the agreement in Dubai on Monday to develop the Berbera Free Zone, DP World said in ...

RAS AL KHAIMAH / WAM RAK Ceramics announced its results for the third quarter ended on September 30. Core revenues increased 14.1 percent year-on-year (YoY) to AED643.6 million, driven by strong growth in the UAE, Saudi Arabia, India and Bangladesh. Total revenue grew to AED705.2 million, an increase of 9.2 percent compared to Q3 2016. Core revenue contribution represented an ...

Ras Al Khaimah / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, emphasised that Emirate of Ras al-Khaimah wants to build an integrated commercial infrastructure that will attract investors and businessmen from all over the world. He made his remarks at the signing of a 25-year concession agreement between Saqr Port and ...

Dubai / WAM The Gulf Cooperation Council (GCC), will showcase the power of nations working together when it hosts its own pavilion at Expo 2020 Dubai, the first World Expo to be held in the region. Dr Abdullatif bin Rashid Al Zayani, Secretary-General of the Council, on Monday signed an official participation contract with Reem bint Ibrahim Al Hashimy, Minister ...

Dubai / WAM Emirates Transport (ET), on Monday launched the final phase of testing for the first battery electric school bus in the region. The 45-seater bus has been manufactured in close cooperation with the Shanghai Sunwin Bus Cooperation, in one of the first projects of its kind worldwide. Speaking at the launch ceremony, Mohammed Abdullah Al Jarman, General Manager ...