News

Tadweer adopts NOC system for infra and facilities projects

  Abu Dhabi / WAM Abu Dhabi Waste Management Center (Tadweer) has adopted electronic approvals for No Objection Certificates (NOC) in Abu Dhabi for all requests that require technical reviewing by specialists in charge of issuing approvals related to infrastructure construction, building, and development projects. The move allows clients, including consultants, contractors, or developers, to acquire an NOC from the ...

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UAE to cooperate with Bavaria on climate action

  DUBAI / WAM The UAE and the German federal state of Bavaria have agreed to cooperate in tackling climate change and protecting the environment. In this context, Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Roland Weigert, Bavaria’s Vice Minister of Economic Affairs, Regional Development and Energy, signed a joint declaration of intent during the ...

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Dubai adds 98 new economic activities to key sectors in 2021

  Dubai / WAM The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, has added 98 new economic activities across a number of vital sectors in 2021, bringing the total number of economic activities to more than 2,200. This entails an increase of 88 percent compared to 2020, with 52 new economic activities ...

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FAB, Mastercard launch new virtual corporate debit card

  ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with Mastercard to launch the new FAB Virtual Corporate Debit card. The new offering expands the range of FAB’s Global Transaction Banking (GTB) Virtual Account e-commerce enabled product capabilities for corporate and commercial clients. ...

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UAE to host SpaceOps conference for first time in Arab world

  Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, ...

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Oil retreats from seven-year high as Opec+ hikes output

  Bloomberg Oil retreated from a fresh seven-year high as Opec+ agreed to another modest hike in output and Iran said its ready to supply markets quickly if sanctions are removed. West Texas Intermediate edged lower 0.2% after hitting its highest level since 2014 earlier in the session. Global benchmark Brent traded near $89 a barrel, with prices steeply backwardated ...

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UAE welcomes Somalian prime minister’s initiative

  Abu Dhabi / WAM The UAE has welcomed the apology made by Mohamed Hussein Roble, Prime Minister of the Federal Republic of Somalia, for the incident that took place at Mogadishu Airport in April 2018, involving seizure of funds and aid sent to support the people of Somalia. The Ministry of Foreign Affairs and International Cooperation said in a ...

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UAE, Japan bilateral trade hits $30.5 billion in 2021

  Abu Dhabi / WAM Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (Added), urged Japanese investors and entrepreneurs to benefit from investments opportunities in Abu Dhabi and the suitable business environment to thrive and enhance relations. Bilateral trade between the UAE and Japan reached $30.5 billion last year; UAE exports to Japan rose to ...

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DP World inks deal to develop Angola’s trade, logistics sector

  DUBAI / WAM DP World, the leading provider of smart logistics solutions, and the Government of Angola, on Wednesday signed a memorandum of understanding (MoU) with the aim of cooperating to further develop the country’s trade and logistics sector. The MoU was signed in Luanda by Eugenio de Lima Fernandes, National Director for Concession Economics, and Suhail Al Banna, ...

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Mubadala, Trafigura sell Spanish mining firm Matsa

  ABU DHABI / WAM Following receipt of the necessary regulatory approvals, Mubadala Investment Company and Trafigura completed the sale of 100 percent of Spanish mining operation Minas de Aguas Teñidas (Matsa) to the Australian mining and exploration company Sandfire Resources. Matsa owns and operates two mines in the municipality of Almonaster La Real and one mine in the province ...

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