Local News

DUBAI / Emirates Business All future ENOC service stations will be powered by solar energy to support the UAE’s long-term strategy to target an energy mix that combines renewable, nuclear and clean energy sources to meet the country’s economic requirements and environmental goals. The announcement, made during the Water, Energy, Technology and Environment Exhibition (WETEX) 2017, is also in line ...

DUBAI / WAM With Dubai becoming a premiere international cruise destination, DP World is ready to take on the increasing influx of holiday makers with the start of the 2017-2018 cruise tourism season and is expecting 115 luxury cruise ships from 22 ocean-going cruise lines to berth at Mina Rashid’s Dubai Cruise Terminal facilities over the coming season. The Dubai ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) appointed Honeywell to help deliver a first-of-its-kind in the Middle East smart energy project, which will see Honeywell provide an additional 150,000 smart metres in addition to the 250,000 it has already deployed across Dubai. The multi-million-dollar initiative will enable Dubai to manage electricity use more effectively within the residential sector. ...

Emirates Business Ras Al Khaimah Economic Zone continues to go global with its upcoming participation at this year’s Pakistan International Trade Fair (PITF), one of the biggest consumer and trade fair happening in Expo Centre Karachi from October 26 to 29. Expected to gather more than 120,000 visitors and 16,000 exhibitors from 20 different countries, RAKEZ will capitalise on event’s ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the flagship Dubai Internet of Things (IoT), Strategy, and the Data Wealth initiative to safeguard the emirate’s digital wealth and award Dubai Digital Certificates to outstanding government and private entities. The initiative, which was launched at Smart ...

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest income. Abu Dhabi’s second-largest bank by assets made a net profit attributable to shareholders of AED1.09 billion ($296 million) in the three months to September 30, up from 999 million a year ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, attended the signing of an MoU between Smart Dubai Office (SDO) and Dubai Electronic Security Centre (DESC) to safeguard Dubai’s digital wealth and implement the Dubai Digital Certificates. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results for the nine month period ending September 30, 2017, posting an operating profit of AED228.7 million in the period, a rise of 11.9 percent quarter-on-quarter, and an increase of 5.2 percent for the nine month period compared to 2016. According to a press release from the bank, this reflects ...

NEW YORK / WAM The UAE has called on the international community to take into consideration the concerns of young people in implementing the urban agenda and to enhance their effective participation in creating sustainable cities and human settlements suitable for all. In a statement delivered by the UAE youth representatives to the United Nations, Sarah Al Suwaidi and Omar ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and N. Chandrababu Naidu, Chief Minister of the Indian State of Andhra Pradesh, have discussed the means of consolidating the joint economic and trade co-operation between the UAE and Andhra Pradesh, by focussing on potential opportunities in the fields of innovation and advanced technology, along with infrastructure, logistical services, ...