Local News

  ABU DHABI / WAM The UAE bank credit to the industrial sector grew by 190 percent to AED70 billion over the past decade, accounting for 4.8 percent of the total loans channelled to business sectors in the UAE by the end of 2016, according to the UAE’s Central Bank recent data. Bank industrial credit for foreigners in the country ...

  Abu Dhabi / Emirates Business ADNOC Distribution has announced the opening of Al Ramla ADNOC Xpress station in Shakhbout City in Abu Dhabi as the latest stage of phase one of its plan to open 10 such stations to serve the most congested areas of the city and its suburbs. The new station is the eighth ADNOC Xpress station ...

  Abu Dhabi / Emirates Business The second edition of the Mother of the Nation Festival has captured the imaginations of more than 40,000 visitors through a breath-taking range of entertainment offerings, exhilarating activities and interactive installations over the course of three days following its grand opening on 26th March. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) announced the launch of an international promotional campaign for its defence exhibitions, which include the upcoming Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation and Training Exhibition and Conference (SimTEX 2018), to be held in February, 2018, as well as the International Defence Exhibition & Conference ...

  ABU DHABI / WAM Dividends suggested by board of directors of 71 companies listed in Abu Dhabi and Dubai financial markets for the fiscal year 2016 have grown substantially to AED 33.83 billion. The dividends have already been approved by some of the general assemblies of the companies. The per share dividends are reckoned the highest in the Gulf ...

  Abu Dhabi / WAM Abu Dhabi-based Mubadala Development Company, the Dubai Future Foundation and GEAdditive are uniting their collective expertise behind the establishment of the first Microfactory in the region, seeking to accelerate revolutionary additive design, customer innovation, digital manufacturing technologies and access to global problem solving within the United Arab Emirates. The Microfactory is expected to play a crucial ...

  Abu Dhabi / WAM ZonesCorp unveiled plans for the development of ‘Rahayel City’, a new, world class, integrated ‘Auto Hub’ in Abu Dhabi. This major development, which was unveiled on Tuesday at the Global Manufacturing and Industrialisation Summit (GMIS), comes in response to a mandate by the Abu Dhabi Government to implement strategic plans to develop the automotive industry in ...

  Dubai / Emirates Business Saudi Arabia’s leading logistics service provider – NAQEL has signed a Memorandum of Understanding with Dubai Trade, the premier trade facilitation entity in the UAE, to collaborate on education and training for the GCC Trade and logistics industry. Both organisations aim to provide training programmes and events to develop best practice and knowledge in the ...

  Abu Dhabi / WAM A landmark pilot project between Siemens, Strata, the UAE’s advanced composite aerostructures manufacturing company, and Etihad Airways Engineering has successfully developed the first aircraft interior part to be designed, certified and manufactured with 3D printing technology in the Middle East, where the process will include training and skills development for UAE citizens. The part, a plastic ...

  Abu Dhabi / WAM Julphar Gulf Pharmaceutical Industries expressed its intention to develop and expand in more than 34 countries around the world, consolidating its prominent position in the global pharmaceutical industry. Emirates News Agency (WAM) met with Dr Hosam Badr, Marketing Director at Julphar, on the sidelines of the Global Manufacturing & Industrialisation Summit (GMIS), where he spoke about ...