News

  Dubai / WAM Food and beverage (F&B) trade in the UAE increased steadily to reach over $20 billion in the first nine months of 2021, supported by growing demand and expanded efforts to enhance food security and diversify food imports, A new analysis from Dubai Chamber of Commerce shows. Imports accounted for largest share of the UAE’s F&B trade during ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Borealis AG (Borealis) are considering a potential initial public offering (IPO) of a minority stake in their joint venture business Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions. Adnoc and Borealis will provide further material updates as and when appropriate.

  Abu Dhabi / Gulf Time National Central Cooling Company PJSC (Tabreed), on Tuesday released its consolidated financial results for 2021, reporting a net profit of AED 585.2 million – an increase of 6% compared to its 2020 performance. In addition, Tabreed’s board of directors recommend a dividend of 12.0 fils per share, to be paid 50% in cash and ...

  Dubai / WAM The number of weekly visits to Expo 2020 Dubai has passed the one million mark for the first time since the site opened over 19 weeks ago, climbing to a total of 13,457,400 as of February 14. Expo 2020 Dubai’s virtual visitation numbers reached more than 121 million, but this is set to soar even further ...

  Dubai / WAM flydubai, the Dubai-based airline, has announced that it will resume flights to Istanbul’s Sabiha Gökçen Airport (SAW) from March 2 with five flights a week. With flydubai’s daily flights to Istanbul Airport (IST), the airline will increase its flight frequency to Istanbul to 12 flights a week. flydubai’s network in Turkey also includes the capital, Ankara, ...

  AL AIN / WAM Maryam Al Kaabi from the College of Engineering at the United Arab Emirates University (UAEU) has invented a drill for aircraft body, while working on a “Mubadala”-launched initiative to support the university students’ research. Al Kaabi, who holds a Bachelor’s degree in Mechanical Engineering and a Master’s degree from the UAEU, said, “I was part ...

  Abu Dhabi / Gulf Time The Abu Dhabi Agriculture and Food Safety Authority (Adafsa), launched an “Agricultural Supplies Exhibition”, that will feature for a week at the Sheikh Zayed Festival in Al Wathba, in collaboration with its partners and agricultural equipment suppliers, along with agents of international companies specialised in agricultural products, for visitors to the “Agricultural Oasis” being ...

  DUBAI / Gulf Time Emaar Development PJSC, the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved robust performance during 2021 (January to December). The developer reported its highest ever property sales of AED27.440 billion ($7.471 billion) in 2021, an increase of 335 percent compared to 2020. This performance was a result of Emaar’s concerted focus on inventory ...

  Abu Dhabi / WAM Upon the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), 1.2 million people are benefitting from the ERC’s winter aid campaign. The ERC has intensified its humanitarian and relief efforts to support people affected by harsh weather conditions in affected ...

  Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar) plays a crucial role in supporting the UAE leadership’s vision to promote relevant initiatives and innovation. Since its establishment in 2006, the company has supported the UAE’s efforts to promote sustainability and climate action. Masdar has exerted significant efforts to boost innovation for over 15 years. It has ...