News

  ABU DHABI / WAM The central bank of the United Arab Emirates (CBUAE) and the central bank of the Republic of Turkey (CBRT) on Wednesday announced the establishment of a bilateral currency swap agreement between the UAE dirham (AED) and the Turkish lira (TRY). The nominal size of this swap agreement is mutually AED18 billion ($4.90 billion) and TRY ...

  ABU DHABI / WAM Masdar City, Masdar’s pioneering sustainable urban development in Abu Dhabi, through its Masdar Green Real Estate Investment Trust (Reit), signed a financing commitment in the amount of $200 million with First Abu Dhabi Bank (FAB) relating to financing of the Reit portfolio to facilitate further acquisitions and portfolio growth. FAB will act as sole mandated ...

  ABU DHABI / WAM The Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi will prevent more carbon emissions than previously expected. This was announced during Abu Dhabi Sustainability Week, showcasing the essential role that nuclear energy plays in combating climate change and promoting sustainable development in the UAE and around the world. New data made ...

  Dubai / WAM A diverse range of technologically advance and innovative products will be displayed at Airport Show 2022 in Dubai. The 21st edition of the event will be held from May 17-19 at the Dubai World Trade Centre (DWTC), according to a press release issued by the organisers on Wednesday. The world’s largest airport industry B2B platform, organised ...

  Abu Dhabi / WAM The Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi will prevent more carbon emissions than previously expected. This was announced during Abu Dhabi Sustainability Week, showcasing the essential role that nuclear energy plays in combating climate change and promoting sustainable development in the UAE and around the world. New data made ...

  Dubai / WAM A diverse range of technologically advance and innovative products will be displayed at the Airport Show 2022 in Dubai. The 21st edition of the event will be held from May 17-19 at Dubai World Trade Centre (DWTC), according to a press release issued by the organisers on Wednesday. The world’s largest airport industry B2B platform, organised ...

  Abu Dhabi / Gulf Time Etihad Airways launched its dedicated sustainability-focused corporate rewards programme, designed to facilitate and deliver corporate partner sustainability goals through carbon offsetting, sustainable aviation fuel (SAF) investments and green surcharge fares. Corporate Conscious Choices is designed specifically for organisations committed to reducing emissions and operating sustainably, with rewards and incentives designed to proactively support pro-environmental, ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that the work progress at the Hatta hydroelectric power plant reached 35 percent by the end of December 2021. The plant’s production capacity is set to reach 250 megawatts (MW) with a storage capacity of 1,500 megawatt-hours and a lifespan of up to 80 years. This is the ...

  Abu Dhabi / WAM A new measure has eased issuing parking permits for visitors to sectors classified as ‘residential villa’ in the emirate of Abu Dhabi. The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that it has started implementing new amendments concerning the issuing of parking permits to visitors to residential ...

  Bloomberg Britain’s inflation rate surged unexpectedly to the highest since 1992, sharpening a squeeze on households and adding to pressure on the government and Bank of England to respond. Consumer prices surged 5.4% from a year ago in December, driven by a broad increase in the cost of food, restaurant meals and furniture, the Office for National Statistics said ...