Local News

Abu Dhabi / WAM Hamad Ali Al Kaabi, UAE’s Permanent Representative at the International Atomic Energy Agency (IAEA), said that hosting of the International Ministerial Conference on Nuclear Power in the 21st Century by the UAE demonstrated the world’s acknowledgement and appreciation of the country’s efforts to produce peaceful nuclear energy. In a statement to the Emirates News Agency, WAM, ...

DUBAI / Emirates Business Under the patronage of HE Dr Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, the 3rd Maritime Academic Conference and Expo (MARACAD 2017) concluded at the Dubai World Trade Centre. The conference attracted 22 international maritime organisations, which made it an exceptional event for the ...

Sharjah / WAM The Higher Committee of National Day Celebrations in Sharjah is organising a special ceremony to celebrate the UAE’s Flag Day on November 2. The ceremony is expected to be the biggest national gathering to celebrate the day in Sharjah, and will take place on Flag Island in the emirate with the theme, ‘The UAE of Giving and ...

Dubai / Emirates Business Over 2,000 hospitality and leisure projects are currently underway in the GCC with a combined estimated value of $200 billion, event organisers announce ahead of The Big 5 next month. An estimated $64 billion worth of related projects in the construction pipeline, coupled with increasingly relaxed visa policies highlight a developing focus on strengthening the regional ...

DUBAI / WAM The Dubai Government has invested around $20 billion in the development of the emirate’s infrastructure and transport during the period from 2006 to 2016, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), stated. “The Dubai Government has pumped billions of dirhams in this sector and the ...

Dubai / Emirates Business Emirates NBD delivered a strong set of results with net profit up 15% to AED 6.17 billion for the first nine months of 2017. Net interest income improved 4% y-o-y due to loan growth and helped by a sustained improvement in margins. The operating performance was also supported by lower expenses and an improved cost of ...

Abu Dhabi / Emirates Business National Investment Corporation (NIC) has announced a AED3bn plus project to expand and upgrade Marina Mall alongside plans to develop a stunning new waterfront promenade. NIC, the breakwater developer and owner of Marina Mall Abu Dhabi, will commence work on the 300,000sqm expansion in the second half of 2018, while a series of upgrades to ...

Abu Dhabi / WAM The convening of the ‘International Ministerial Conference on Nuclear Power in the 21st Century’ in Abu Dhabi comes within the framework of UAE’s aspirations and vision for the future of nuclear energy as a new artery in the network of vital clean energy investments for sustainable development, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...

Dubai / WAM Dubai Financial Market company on Monday announced its financial results for the first nine months of 2017, recording a net profit of AED173.3 million ($47.18mn) , a 1% decrease from AED175 million in the same period of 2016. Net profit of Q3 of 2017 decreased 22 percent to AED27.7 million, compared to AED35.4 million in the corresponding ...

Abu Dhabi / Emirates Business His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, inaugurated the 2017 joint ISES Solar World Congress and IEA SHC International Conference on Solar Heating and Cooling for Buildings and Industry (SWC and SHC 2017), which kicked-off in Abu Dhabi on Monday. More than 500 renewable energy researchers and ...