News

Abu Dhabi / WAM The UAE’s non-oil foreign trade recorded a 27% growth in H1 2021 compared to H1 2020, indicating a rapid recovery in the country’s non-oil foreign trade and its return to growth trajectory. This also indicates a 6% growth in the country’s non-oil foreign trade compared to the pre-pandemic level in 2019. According to preliminary data released ...

Abu Dhabi / WAM The First Abu Dhabi Bank (FAB) has announced that it is joining the Net-Zero Banking Alliance (NZBA), becoming the first UAE and GCC bank to join the alliance. As part of this commitment, FAB will enable its clients to transition towards a climate-neutral economy through innovative financing and advisory services. FAB puts sustainability at the core ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project is part of the Abu Dhabi Local Content Programme (ADLC) launched by the Industrial Development Bureau (IDB) to encourage the companies and establishments that ...

Abu Dhabi / WAM In line with its leading role in developing the energy sector and working on policies and regulations that support sustainable development in the emirate, the Department of Energy in Abu Dhabi (DoE) has signed a Memorandum of Understanding (MoU) with Khalifa University of Science and Technology. The agreement is aimed at strengthening partnerships with the government ...

DUBAI/LONDON / WAM DP World has announced the creation of an investment platform in partnership with CDC Group (CDC), the UK’s development finance institution and impact investor. The platform covers a long-term investment period. DP World is contributing its stakes in three existing ports initially and expects to invest a further $1 billion through the platform over the next several ...

ABU DHABI / WAM The UAE has condemned the terrorist attack that targeted a Yemeni convoy, which included Aden Governor and Yemen’s Minister of Fisheries, leading to several civilian deaths and injuries. The Ministry of Foreign Affairs and International Cooperation reaffirmed the UAE’s strong denunciation of such criminal acts and all forms of terrorism and violence that threaten the region’s ...

ABU DHABI / WAM Under the directives of the Supreme Council for Financial and Economic Affairs, HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and member of the board of Abu Dhabi Supreme Council for Financial and Economic Affairs, has launched the Abu Dhabi IPO ...

Bloomberg An Australian company plans to invest $3 billion in Saudi Arabia in a bet on the metals used in batteries for electric vehicles (EV). EV Metals Group Plc’s spending will be on building plants to process minerals including lithium and nickel, and later expand into exploring for the battery metals, Managing Director and CEO Michael Naylor said. It would ...

ABU DHABI / WAM Dr Ali bin Harmal Al Dhaheri, First Vice Chairman of Abu Dhabi Chamber of Commerce and Industry, met with Carlos Massa Júnior, Governor of the State of Parana, Brazil, and the accompanying delegation at Expo 2020 Dubai to discuss the prospects of trade and investment cooperation between businesses in Abu Dhabi and Parana. During the meeting, ...

DUBAI / WAM Enoc Group has announced the opening of a new service station in Dubai South, an urban master development focused on the aviation and logistics ecosystem, in close proximity to the Expo 2020 Dubai site. This takes the total number of Enoc service stations to 156 across the UAE. The new service station will cater to residents and ...