Local News

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding (MoU) with Enel, a global market leader with domain expertise in the production, distribution, and transmission of electricity and natural gas. In a statement released on Saturday, DEWA said this is in adherence with the Smart Dubai initiative, launched by His Highness Sheikh Mohammed bin Rashid ...

  Abu Dhabi / Emirates Business Abu Dhabi has been ranked among the fastest-growing tourist destination in the world, and the fastest-growing destination in the Middle East, in a new report by financial services giant Mastercard. The Global Cities Index Report recognised the UAE capital’s compound annual growth rate of 19.81% in overnight visitors between 2009 and 2016, which places ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) signed on Saturday an USD15 million concessionary loan agreement for the development of an innovative new hybrid solar and wind generation project in the Caribbean state of Antigua and Barbuda; one of the third funding cycle recipients of ADFD/IRENA Project Facility. The loan agreement was signed during the Seventh Session ...

  DUBAI / Emirates Business As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School in Dubai to convert a ...

  ABU DHABI / Emirates Business ADNOC Distribution announced the new retail price of unsubsidised LPG cylinders for the month of January 2017. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED53 per 25lb up from the earlier marked retail price of AED49, and AED106 per 50lb from the ...

  Sharjah / Emirates Business The fourth edition of the Sharjah World Music Festival (SWMF) launched its first ever piano competition recently to find some of the most talented individuals attending the event. The contest, which is open to people of all age groups and nationalities, was an instant hit with the audience who were in awe at the quality ...

  DUBAI / WAM Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, this week reached about AED2.62 billion, while value of stocks they sold stood at AED2.64 billion, with net foreign investment on the market reaching AED14.1 million during the period, as aggregate sell. Value of shares bought by foreigner investors ...

  ABU DHABI / Reuters More mergers are likely in Abu Dhabi as institutions there tie up in ways that are positive for their business, Khaldoon Khalifa al-Mubarak, group chief executive of Abu Dhabi state fund Mubadala, said on Thursday. “There’s an appetite for more mergers. I expect to see mergers continue in a positive way in Abu Dhabi,” Mubarak ...

  DUBAI / WAM Drydocks World has yet again attained a 5 star grading from the British Safety Council, on adopting international best practice standards in occupational health and safety. The Drydocks says it strives to consistently improve and achieve sustainable business growth while always upholding the yards core value of a safe work environment. The yard achieved an audited ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) organised a hackathon challenge to encourage its employees to innovate and create new ideas to develop DEWA’s services and achieve the happiness of its customers. This is in line with the directives of the wise leadership to encourage and enhance innovation across all areas. It also supports DEWA’s efforts to instill ...