Local News

  DUBAI / Emirates Business Schneider Electric, a global specialist in energy management and auto- mation, launched Gutor PXC, a standardized, fully industrial uninterruptible power supply (UPS) for harsh environments, in the Gulf region. Ideal for rugged and outdoor settings such as oil and gas exploration and production sites, marine and offshore environments and climates with extreme temperatures, the Gutor ...

  ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State of the UAE and Chairman of Abu Dhabi’s Masdar, has stressed that Abu Dhabi’s support of the first solar-powered flight around the globe by Solar Impulse 2 (Si2), a cooperative venture between the UAE and Switzerland, sends a positive message about the success of partnership ...

  DUBAI / WAM Master developer Dubai South awarded a contract worth AED300 million for infrastructure works at its flagship Residential District. Central to the contract, which was awarded to Tristar Engineering & Construction LLC, is the delivery of the completed infrastructure works of Phase 1 and 2 of the Residential District in Dubai South by Q4 2017. The contract ...

  ABU DHABI / WAM The UAE moved up four places in its position in the e-smart services index of the E-Government Development Index (EGDI), issued by the United Nations Department of Economics and Social Affairs (UNDESA) ranking in joint 8th place globally with the Republic of Estonia. The EGDI is an important component in the overall index used to ...

  Dubai / WAM The Emirates Integrated Telecommunications Company, known as du, has said it plans to distribute AED594.3 million of interim dividends to its shareholders for the first half of 2016 at 13 fils per share, subject to approval at the General Meeting in September 2016. In its published financial results for the second quarter of 2016, du delivered AED ...

  ABU DHABI / WAM The Tourism Development and Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Sunday that it has awarded the enabling works contract for Phase 1 of the Saadiyat Lagoons District to the Western Bainoona Group for General Contracting. The six-month contract covers ground improvements in addition ...

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, announced an extension to its flexible payment plan for purchasers of property in its Serena and Arabella 2 developments located in DUBAILAND. The popularity of the offer, which was launched previously this year, resulted in a hike in sales transactions, and the ...

  Sharjah / WAM The Sharjah International Airport reported an 11.55 percent increase in passenger traffic in the first half of 2016, compared to the same half of 2015. The Sharjah Airport Authority said the airport welcomed more than 5.35 million passengers from January to June, compared to 4.79 million passengers for the same period last year. There were more than ...

  Dubai / Emirates Business Dubai Future Foundation announced the collaboration with WeRobotics to accelerate the transfer of appropriate robotics solutions to scale the impact of aid, development and environmental projects in developing countries. To do this, WeRobotics is co-creating a global network of local innovation labs “Flying Labs” where local partners are trained to use robotics solutions safely, responsibly ...

  Dubai / Emirates Business Global developer Emaar Properties recorded a robust increase of 12 percent in net profit to AED 2.475 billion (US$ 674 million) in the first six months (January to June) of 2016, compared to the net profit of AED 2.205 billion (US$ 600 million) during the same period last year. The half-year 2016 revenue is AED ...