Local News

Masdar, Indonesian power firm sign deal

Abu Dhabi / WAM Masdar, Abu Dhabi Future Energy Company, and Indonesian power company PT Pembangkitan Jawa-Bali, PT PJB, a subsidiary of the state electricity company Perusahaan Listrik Negara (PLN), signed on Tuesday a project development agreement for the world’s largest floating solar photovoltaic (PV), power plant. With a capacity of 200 megawatt, the plant will cover an area of ...

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UAE celebrates 46 years of great achievements

Abu Dhabi / WAM The United Arab Emirates commemorates its 46th National Day on December 2, a day that embodies the very Spirit of the Union and inspires the nation to celebrate 46 years of great achievements since the federation of the seven emirates was established in 1971. The pattern of celebrating the country’s National Day was initiated by the ...

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ADSB receives two excellence awards

Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB), received two highly prestigious awards reflecting the high quality of its business operations and commitment to corporate social responsibility (CSR). At the 14th edition of the Seatrade Maritime Awards covering the Middle East, Indian Subcontinent and Africa, ADSB won the Enterprise Award for its contributions to the region’s ship repair industry. ...

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Al Hilal Bank makes senior appointments

Abu Dhabi / WAM Al Hilal Bank has announced two new appointments of Sebastian Frederiks as the New Head of Global Markets and Financial Institutions and Wael Alashqar as the New Head of Financial Institutions MENA. Sebastian Frederiks will be responsible for growing the bank’s relationship with regional and international Financial Institutions and Non-Bank Financial Institutions, bringing 15 years of ...

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DLD organises roadshows in Moscow, London

Dubai / WAM With a mandate to promote Dubai around the world as a preferred real-estate investment destination, the Dubai Land Department (DLD), organised two roadshows and a number of workshops in Moscow, Russia on November 24-25, in addition to two scheduled launches in London, the UK on December 3-4. The initiative aims to familiarise residents of Russia and the ...

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ADNOC to invest $109bn to spur growth

ABU DHABI / WAM The Supreme Petroleum Council (SPC) presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman of the SPC, on Monday approved ADNOC’s key strategic investments programme and future opportunities, as the oil and gas company expands its 2030 strategy, ...

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‘Islamic economy at heart of global economic movement’

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC) has emphasised that the Islamic economy is today at the heart of the global economic movement, which aims at stimulating growth, achieving sustainability and equity in development. Al Mansouri’s remarks came during a speech during the Islamic Economy Award 2017, ...

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VP chairs Cabinet meet at Louvre Abu Dhabi on National Day eve

Abu Dhabi / WAM The UAE Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, held an extraordinary meeting at Louvre Abu Dhabi, in conjunction with the UAE 46th National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum congratulated the UAE and its people on the ...

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ADGM, ADNIC join hands to enhance fintech ecosystem

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), has marked a new partnership with Abu Dhabi National Insurance Company (ADNIC), to seek opportunities to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem in Abu Dhabi and the UAE. The MoU was signed by Ahmad Idris, Chief Executive Officer at ADNIC, and ...

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Travellers to get visa on arrival in Abu Dhabi within 30 minutes

Abu Dhabi / WAM The Department of Culture and Tourism in Abu Dhabi, Abu Dhabi Airports, Etihad Airways and the Abu Dhabi General Directorate of Residence and Foreigners Affairs, announced today the launch of a new visa counter to facilitate the visa application process and grant both transit and arriving passengers visas to Abu Dhabi within 15 to 30 minutes. ...

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