Local News

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the International Renewable Energy Agency (IRENA), the global platform for international cooperation on renewable energy, on Saturday announced that $25 million in concessional loans from ADFD have been earmarked for two solar PV projects, one each in Mauritius and Rwanda. Announced ...

Abu Dhabi / WAM The eighth session of the General Assembly of the International Renewable Energy Agency (IRENA), kicked off in Abu Dhabi with more than 150 countries in attendance. Over two days, the participants will discuss global renewable energy action and take concrete steps to accelerate global energy transition. In his opening remarks, Dr Thani bin Ahmed Al Zeyoudi, ...

Abu Dhabi / WAM The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar PV, electricity costs falling by 73% in that time, according to new cost analysis from the IRENA. The report also highlights that solar PV costs are expected to halve by 2020. The best onshore wind and solar PV ...

Dubai / Emirates Business The varied initiatives launched by Dubai Land Department (DLD) share several common factors, including promoting a culture of creativity and innovation among all parties involved in the real estate sector. This objective is evident in the many innovative applications designed to serve DLD’s customers, ensure their comfort and prevent wasting their time, and showcase DLD’s commitment ...

DUBAI / WAM Digital consumption in the Middle East and North Africa region is growing at one of the fastest paces in the world, driven by a large population, fast-improving mobile connectivity and a flood of new streaming platforms in the market, according to an EY report commissioned by the Dubai World Trade Centre (DWTC). The report was published ahead ...

Abu Dhabi / Emirates Business The UAE Research Program for Rain Enhancement Science will hold an award ceremony on the sidelines of Abu Dhabi Sustainability Week (ADSW) to announce its Third Cycle awardees. The Program will also host its Second International Forum on Rain Enhancement Science that provides a platform for the exchange of ideas related to the development of ...

Dubai / Emirates Business The Federal Tax Authority (FTA), has clarified the import procedures for non-registered businesses, adopting the e-Dirham system for payments and e-Guarantee to provide guarantees, in order to ease processes for non-registered importers. Non-registered businesses wishing to import, are required to follow standard customs procedures and pay VAT in one of the following methods: By completing a ...

ABU DHABI / WAM The Zayed Volunteers Humanitarian Hospital opened in Cox’s Bazar, Bangladesh, as part of a programme by the Zayed Giving Initiative to treat children and elderly Rohingya refugees. The United Arab Emirates is the first Arab country to set up a field hospital to serve Rohingya refugees under the supervision of a UAE-Bangladesh volunteer medical team. This ...

Bloomberg Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1 billion through an Islamic bond sale that could happen in the first half, people familiar with the matter said. The Dubai government-owned carrier joins a list of regional issuers seeking funding from international debt markets before higher US interest rates push ...

ABU DHABI / Reuters Abu Dhabi has invited international firms to express interest in building one of the world’s biggest water desalination plants as the capital of the United Arab Emirates boosts capacity to meet rising demand, a senior official said on Wednesday. The project, estimated to cost between $600 million and $1.2 billion, will have capacity of 200 million ...