Local News

Dubai / Emirates Business Enova – the regional leader in integrated energy and multi-technical services – will supply solar power to four Majid Al Futtaim malls, delivering expected savings of AED 80 million. Enova’s first solar power deal with Majid Al Futtaim Properties was signed on World Environment Day, the United Nations’ annual initiative to promote sustainability. The deal is ...

Abu Dhabi / WAM The Federal National Council (FNC), held the 18th session of the second ordinary session of the 16th legislative chapter which was chaired by Dr Amal Abdullah Al Qubaisi, Speaker of the FNC. During the meeting, discussions revolved around a report from the Financial, Economic and Industrial Affairs Committee on the reservations of President His Highness Sheikh ...

Dubai / WAM Guo You, Chairman of the Board of Supervisors of China Construction Bank (CCB), on Wednesday rang the market-opening bell to celebrate the listing of a US$1.2 billion bond on Nasdaq Dubai, the region’s international financial exchange. The listing by the Hong Kong Branch of CCB, one of China’s leading banks, underlines the country’s growing financial activities in the ...

Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) revealed that the number of its registered members has reached a new record of 66,295, after registering 1,607 new companies in the first quarter of 2017. Total number of new and renewed memberships reached 16,799 by the end of the quarter, compared to 16,132 year-on-year, recording a growth rate of 4 ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), is leading the UAE’s official delegation participating in the World Summit on the Information Society (WSIS), in Geneva. The summit will formally begin at the International Telecommunication Union (ITU), Headquarters on June 12, and runs until June 16. Along with the TRA, the UAE side includes representatives from the Ministry of Education, ...

Abu Dhabi / Emirates Business American University in Dubai and Dormakaba came together to provide students with an opportunity to design lever handles so as to propose the best one for the mobility pavilion of Expo 2020. The spark to create this idea came from one of the AUD students Tania Mary George who collaborated with Simon Beckers of dormakaba ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has signed an AED1.7 billion Operating Plant Service Agreement (OPSA) contract with German company Siemens. The 12-year contract includes providing maintenance, spare parts and gas turbine rehabilitation for the second phase of K-Station at Jebel Ali Power and Desalination Station, and the third phase of H-Station at the Al Aweer Power ...

ABU DHABI / WAM As much as AED97 billion is the total market value of shares owned by foreign investors on UAE stock markets in May 2019, accounting for a 12.8 percent of the total value of equities traded during the same period, which is estimated as much as AED756.5 billion. As per latest market statistics, stocks owned by UAE ...

DUBAI / WAM The Dubai Investment Development Agency (Dubai FDI) an agency of Dubai Economy, recently addressed investors and industry leaders in New Delhi and Mumbai to attract investments from India to the emirate and promote joint initiatives in vital sectors. The Dubai Multi Commodities Centre, DMCC, and Dubai Tourism and Commerce Marketing, DTCM, joined Dubai FDI in the two ...

Dubai / Emirates Business The Dubai Medical Tourism industry generated more than AED1.4 billion for the emirate in 2016. The city received 326,649 medical tourists, representing an increase of 9.5% over the previous year. The most popular areas of treatment for medical tour¬ists last year was orthopaedics, dermatology and ophthalmology. In 2016, the largest market for the emirate was Asian ...