News

ABU DHABI / WAM Arnoldo André, Foreign Minister of Costa Rica, has highlighted the importance of the UAE for his country, highlighting the increase in bilateral trade by 292.3%, since the opening of the Costa Rican embassy in the UAE in 2017. In an article published by the newspaper ‘La Republica’, Andre said that Costa Rica enjoys 12 years of ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a partnership with Siemens Energy AG, one of the world’s leading energy technology companies, to advance CleanTech and ClimateTech in Abu Dhabi. Working together in collaboration, Hub71 and Siemens Energy will support tech startups in developing innovative technologies that directly address global climate change. The agreement comes ...

  Abu Dhabi / WAM The Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), has confirmed the strong growth of the Emirate’s industrial sector in H1, 2022. New industrial licenses (Rowad) reached 136, and those transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching ...

  DUBAI / WAM Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000. Between January and August 2022, member exports and re-exports increased over 20% y-o-y to ...

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched an integrated housing plan to provide 15,800 homes for nationals in Dubai over the next four years. The move follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister ...

  ABU DHABI / WAM The UAE tops 156 world competitiveness indicators, and is among the top 10 in 432 thereof, according to the Federal Competitiveness and Statistics Centre (FCSC). These indicators, which account for 30 percent of such global indexes, see the UAE excelling in several essential areas, including education, environment, climate change, security and safety, cybersecurity, infrastructure, flexibility ...

  DUBAI / WAM Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000. Between January and August 2022, member exports and re-exports increased over 20% y-o-y to ...

  ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) hosted its first in-person, Opportunities Fair, connecting graduate students with 38 employers from various industries and sectors. Companies such as Adnoc, Mubadala Investment Company (Mubadala), DP World, Du Telecom, Etisalat, G42, Hewlett Packard, McKinsey & Company, Careem, and more, took part in an exhibition and set of ...

ABU DHABI / WAM Middle East Design and Build Week (MEDBW) and Middle East Manufacturing and Technology Expo (MEMT) kicked off on Monday at Abu Dhabi National Exhibition Centre (Adnec), UAE. The events support the national objectives of reforming the UAE’s industrial sector to achieve economic growth and strengthen the country’s footprint in the global manufacturing landscape. The events were ...

Bloomberg Oil mustered a late comeback after dropping to six-month lows this week as a softer dollar bolstered trader demand across assets. West Texas Intermediate settled above $86 a barrel, finishing a tumultuous week nearly flat with the prior seven days. At the start of the week both benchmarks, WTI and Brent, slipped to lows not seen since the start ...