Local News

Dubai / Emirates Business The Festival Arena by InterContinental at Dubai Festival City has already seen the number of events booked at the venue double from 2016 to 2017, as the venue becomes the go-to events space in the region. In the first two quarters of 2017 it has hosted eight events including concerts, exhibitions and awards ceremonies, with a ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) announced that the construction progress of Sustainability, the 132/11 kilovolt (kV) main substation at Expo 2020 Dubai, with conversion capacity of 150 megavolt-amperes (MVA), is 77 percent complete and is expected to be operational by October 31. The total cost of project was AED103mn, including AED83.4 million for the plant and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

Bloomberg Abu Dhabi National Oil Co. (ADNOC) is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. The company, may appoint investment banks for the share sale, likely to be on the Abu Dhabi stock exchange, as early as this week, ...

Abu Dhabi / WAM The UAE equity markets booked decent gains at the close of Tuesday’s session driven by selective purchases targeting banking and property shares and low price stocks below one dirham. The Dubai Financial Market General Index grew 0.64 percent to reach 3439 points, with Abu Dhabi Securities Exchange General Index closing 0.24% higher than Monday, at 4,408 ...

ABU DHABI / WAM The new initiatives launched by ADNOC as part of its flexible operational model will bring significant benefits to the UAE and boost the country’s domestic economy, adding to its resilience and diversity towards achieving more supremacy and competitiveness at the regional and global levels, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...

Dubai / Emirates Business As part of its expansion plan, DC Aviation Al-Futtaim, a joint venture between DC Aviation Group based in Germany and Al-Futtaim, has announced that its second hangar located at Dubai South is on course for completion before the end of the year. The 6,800sqm hangar will more than double the hangar capacity bringing its total land-side ...

ABU DHABI / WAM Abu Dhabi University has offered over AED20 million in scholarships and financial aid during the academic year 2016/ 2017, to 1,200 students. The university had already earmarked AED12 million for scholarships and financial aid at the beginning of the year to coincide with the announcement of #Year_of_Giving initiative, bringing the total volume of financial aid and ...

Dubai / WAM The UAE Gender Balance Council (UGBC) recently held its second meeting for 2017, which was led by the council’s Vice President, Mona Al Marri. During the meeting, the council discussed various topics, including the preliminary results of the Gender Balance Index across federal government entities, pension entitlements for the families of deceased female employees, the council’s brand ...

ABU DHABI / WAM Dr Ali Rashid Al Nuaimi, Director-General of the Abu Dhabi Education Council (ADEC), accompanied by Mohamed Salem Al Dhaheri, Executive Director of ADEC’s School Operations, and Ali Alhaj Al Mehairbi, Executive Director of Buildings Construction Management at the Abu Dhabi General Services Company, Musanada, toured two of the new school buildings located in Mohammed Bin Zayed ...