Local News

Air Arabia announces direct flights from Sharjah to Milan

  Sharjah / WAM Air Arabia, the low-cost carrier (LCC) operator, marked the inauguration of its direct flights from Sharjah to the city of Milan in Italy. An event was held at Sharjah International Airport ahead of the inaugural flight and the aircraft was received at Milan Bergamo Airport with a traditional water cannon salute. The new direct flights will ...

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Adex seals AED92m financing deal with Togo

  GAZA / WAM The Abu Dhabi Exports Office (Adex) signed an agreement with Togo’s Ministry of Economy and Finance to raise the production capacity of the Mohamed bin Zayed Solar Park in the country from the current 50 megawatts to 70 megawatts. In addition, the financing will help procure 4MWh solar energy production storage system. Under the agreement, the ...

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Universal Carton Industries invests AED55m to expand in Rakez

  Ras Al Khaimah / WAM Universal Carton Industries (UCI), one of UAE’s leading corrugated cardboard box manufacturing companies located in Ras Al Khaimah Economic Zone (Rakez), is investing AED55 million to expand its production volume to meet the growing demand for sustainable packaging solutions in the UAE and overseas. This expansion will increase UCI’s production capacity by threefold to ...

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UAE President, Putin discuss bilateral relations over phone

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, discussed during a phone call with Vladimir Putin, President of the Russian Federation, ways to build on the cooperative relationship between the two countries, as well as several regional and international matters of mutual interest.

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Jafza’s polymers, petchem trade reaches $13.3b in ’21

Dubai / WAM Jebel Ali Free Zone’s (Jafza) petrochemical sector witnessed an increase in export volumes in 2021, which grew 52 percent year-on-year. Additionally, last year, the free zone alone accounted for over 50% of Dubai’s polymers and petrochemicals trade, valued at over AED49 billion ($13.34 billion). DP World, through its local and regional assets, multimodal connectivity, cost-effective supply chain ...

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AD Ports, AFC team up to address infrastructure gaps across Africa

Abu Dhabi / WAM AD Ports group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, to address infrastructure gaps across the continent. The agreement provides the basis for the two organisations to join forces on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa. ...

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Abu Dhabi’s F&B private sector sees major growth

  Abu Dhabi / Gulf Time Abdulla Mohammed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry, (ADCCI), highlighted the growth in the food and beverage (F&B) and hospitality sector in Abu Dhabi, and the importance of the Abu Dhabi International Food Exhibition (Adife) in supporting this growth. Al Mazrui said, “the first edition of the Abu Dhabi ...

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UAE Space Agency signs deal with AWS

  Abu Dhabi / WAM The UAE Space Agency and Amazon Web Services (AWS) signed a Statement of Strategic Intent and Cooperation to support the creation of a vibrant, sustainable, competitive, and innovative space sector in the UAE. Through this cooperation, the AWS will collaborate with the UAE Space Agency and related UAE government space organisations and institutions on three ...

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New launch date for Emirates Lunar Mission announced

  Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) confirmed the new date for the launch attempt of the Emirates Lunar Mission. The inaugural launch of the Rashid Rover is now scheduled to take place on December 11, at 11:38 Gulf Standard Time (GST), or 02:38 Eastern US Time. The initial launch attempt was postponed, allowing SpaceX to ...

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UAE’s non-oil foreign trade hits AED1.63tn in 9 months of 2022

Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has said that the UAE’s non-oil foreign trade grew by 19 percent by the end of the third quarter of 2022 to reach AED1.637 trillion compared to the same period last year. He also pointed out that the country’s total non-oil foreign trade during ...

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