Local News

Dubai / WAM Dubai Municipality has launched the largest geological project in the Middle East, the Soil Map Project, to produce and extract interactive soil maps using soil survey data and to save all interactive soil maps in a centralised and unified database, said Hussain Nasser Lootah, Director-General of Dubai Municipality. He said that the project will contribute to the ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), with its subsidiary company ADNOC Distribution, held the official opening ceremony for its new state of the art ‘North Depot’ aviation fuel facility at Abu Dhabi International Airport. The ceremony was hosted by Abdulla Salem Al Dhaheri, Director of Marketing, Sales and Trading for ADNOC, and Saeed Mubarak Al ...

Dubai / Emirates Business Immensa Technology Labs, the UAE’s leading Additive Manufacturing (AM or 3D printing) company, has launched the country’s first 3D printing facility in line with the ‘Dubai 3D Printing Strategy’ launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. Immensa’s state-of-the-art facility houses over eight ...

Dubai / Emirates Business Emirates Global Aluminium, (EGA) the largest industrial company in the UAE outside oil and gas, on Monday announced Al Robot, a robotics competition that challenges students at universities and higher education institutions in the UAE to create a robot to tackle a real life challenge at EGA’s aluminium smelters. The competition asks university students to design, build ...

Dubai / WAM In line with the UAE #Year of Giving and reflecting the spirit of generosity and social solidarity that embodies the Holy Month of Ramadan, the Awqaf and Minors Affairs Foundation (AMAF), completed distribution of ‘Mir Ramadan’ food donations to more than 150 underprivileged families in Dubai to help them meet their daily requirements throughout the month. Under ...

Dubai / Emirates Business To strengthen links of cooperation between educational institutions in the UAE and centre’s specialized in advanced technology, science and space, The Mohammed Bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding with University of Dubai (UD). The MoU aims to develop and qualify national human resources capable of working in space science technology sector, ...

DUBAI / Emirates Business Prepaid card demand and usage in the UAE is expected to rise as increased number of consumers seek cost-effective electronic payment solutions, with a low-risk of fraud, and flexibility of usage. According to a Research and Markets report on UAE Prepaid Cards Business and Investment Opportunities, the country is expected to record a 15.9 per cent ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) distributed around AED22.1 billion in cash dividends to investors during the first six months of 2016 on behalf of its listed companies. ADX Chief Executive, Rashed Al Blooshi, said, “The distributed cash dividends were sent via direct bank transfers to the accounts of investors who have updated their bank account details ...

ABU DHABI / WAM A total of 24 venture capital funds have been incorporated by the Securities and Commodities Authority (SCA) by the end of 2016, running assets of more than AED2.4 billion, according to SCA statistics. Most of these funds are affiliated to local banks and a number of other financial institutions, investing their assets in the UAE capital ...

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain. DAFZA’s participation in the event aimed to help increase foreign direct investment (FDI) opportunities between the Freezone and investors from Spain and the other participating countries.