News

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from President of Israel, Isaac Herzog, who congratulated His Highness on the UAE’s Golden Jubilee. Herzog wished the UAE leadership and people further progress and prosperity, expressing hope the ...

Bloomberg The International Monetary Fund (IMF) sees ‘downside risks’ to the global economic rebound it forecast for this year and next, and is concerned that new coronavirus variants may hinder the recovery, its chief economist said. “Most of the overall risks are to the downside,” Gita Gopinath said in a virtual speech to an International Finance Forum conference in Guangzhou ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has inaugurated the “Noor Energy 1 Visitors Centre” in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 950-megawatt (MW) phase has investments totalling AED15.78 billion based on the Independent Power Producer (IPP) model. Mohammad Abunayyan, Chairman of ACWA ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,406 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi celebrates the 36th annual International Volunteer Day, a United Nations resolution that recognises the importance of volunteering in making a vital societal impact and celebrating the spirit of volunteerism. Mohammed Helal Al Blooshi, Executive Director of the Office of Strategic Affairs at the DCD, said, “The Department ...

Dubai / WAM An analysis released by Dubai Chamber highlights the vital role that countries from the Association of South East Asian Nations (Asean) can play in enhancing the UAE’s food security. The release of the analysis comes ahead of the first-ever Global Business Forum (GBF) Asean, organised by Dubai Chamber in partnership with Expo Dubai at Expo 2020 Dubai. ...

AJMAN / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, commended the UAE leadership’s great interest in heritage, antiquities, national identity, preservation of heritage content and its wide dissemination internally and externally, while inaugurating the Masfout Museum. His Highness Sheikh Ammar made his statements when he inaugurated the museum ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced the completion of 50 percent of the Sheikh Rashid bin Saeed Roads Improvement Corridor. The project, which extends eight kilometres (km) along Ras Al Khor Road, runs from the intersection of the Dubai-Al Ain Road to the junction of Sheikh Mohammed bin Zayed Road. Improvement works also include the construction ...

Abu Dhabi / WAM Over the past 50 years, the UAE has established solid foundations for a diversified and sustainable economy and has succeeded, after the discovery of oil in the region in the 1950s, in achieving significant economic advancement. It has also exerted significant efforts to transition to a knowledge-based economy, by encouraging innovation and optimising the regulatory frameworks ...

Bloomberg Oil falls as fears that omicron variant may resist vaccines sent risk assets tumbling. Futures in New York fell as much as 4.9% as part of a broader retreat among commodities and equities as a top drugmaker reiterated warnings that the new strain could withstand existing inoculations. Brent crude also tumbled, with the price structure of the global benchmark ...