Local News

Abu Dhabi / WAM Edge group entity, Jaheziya, a single-stop service provider for defence solutions and emergency response services, and Enekom, a Turkish company leading in rail technology, research, development and engineering, on Tuesday signed a partnership to expand railway solutions and technology in the region. As per the agreement, Jaheziya will be Enekom’s exclusive distributor of the patented RailAcoustic ...

Abu Dhabi / WAM The World Bank has hailed the UAE’s “favourable business environment and world-class infrastructure”, expecting the country’s real GDP to grow by 5.9% in 2022. This came as the World Bank announced its new Gulf Economic Update (GEU) where it said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal revenue ...

Dubai / WAM  du, from Emirates Integrated Telecommunications Company (EITC), has published its financial results for the quarter-ended September 30. Revenues increased by 10.5% to AED3.17 billion on sustained demand for broadband and mobile services. Ebitda increased by 18.5% year-over-year to AED1,303 million. The increase in service revenues (and its inherent higher profitability) lifted the gross margin to 65.2% compared ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a three-year agreement with the Atlantic Council to collaborate on the Council’s Nuclear Energy Policy Initiative and support its efforts in promoting nuclear energy as a central component to the clean energy transition. The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, ...

Abu Dhabi / WAM The Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed an AED36.7 million ($10 million) line-of-credit agreement with the National Bank of Iraq, part of the Capital Bank group. The agreement aims to boost economic cooperation between the UAE and Iraq, which, in turn, will strengthen bilateral relations. ...

Sharjah / Gulf Time One of the most trusted and lovable brands of Ajman and the UAE, Hashim Hypermarket, an entity of Hashim Flour Mill, Ajman, has extended their wings with the opening of their first flagship hypermarket in Sharjah at Al Saja’a, near Rahmaniya recently. Known for serving the Emirates for around 43 years, Hashim Hypermarket symbolises authenticity and ...

Karachi / WAM Hamad Obaid Salem Al Zaabi, UAE ambassador to Pakistan, accompanied by Bakheet Ateeq Al Rumaithi, UAE Consul-General in Karachi, attended an event commemorating the arrival of ships carrying 200 containers of food and medical supplies to support 500,000 Pakistani families affected by the floods that hit many parts of the country. The event was held in the ...

Dubai / WAM  The inaugural launch of the Mohammed Bin Rashid Space Centre’s (MBRSC’s) Rashid Rover is now scheduled no earlier than November 22. This updated target launch date is provided by the launch partners. Built by innovative Emirati minds, the rover will be launched on SpaceX Falcon 9 rocket from the Space Launch Complex 40 at Cape Canaveral Space ...

Abu Dhabi / WAM   Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (Adnoc) on Monday called for maximum energy with minimum emissions to ensure global energy security in his opening address at the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). “A few ...

Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) and Gail (India) Limited signed a memorandum of understanding, on Monday, to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonisation, including short and long term LNG sales agreements. The agreement also includes potential optimisation of LNG trading activities, the review of joint equity investments in renewables and ...