News

  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 ...

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting held at Qasr Al Watan Abu Dhabi. His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “I chaired the Cabinet meeting at Qasr Al Watan in Abu Dhabi. We reviewed the ...

  DUBAI / WAM Dubai Electricity and Water Authority PJSC (DEWA or the Company), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has announced that the Company’s first general assembly meeting will be held physically and virtually on Monday, 10 October 2022. The Assembly will vote on the recommendation ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) Youth Council, in cooperation with the Federal Youth Authority (FYA), held three youth circles on Tax Culture to Support Small and Medium Enterprises (SMEs) as part of the council’s initiatives to raise tax awareness and facilitate tax compliance through direct engagement with youth business. More than 100 representatives of small and ...

  Sharjah / WAM Trend Industries FZC, a world-class company and front-runner partnering with clients in specialised fabrication, has announced plans to invest AED25 million in the construction of a new production facility in the Hamriyah Free Zone. According to the company’s new expansion strategy, Trend Industries will scale up its production capacity from 3,600 tonnes per year to 8,400 ...