News

Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) and Etihad Credit Insurance (ECI) on Tuesday signed a Memorandum of Understanding (MoU) to inject capital into the UAE’s industrial sector and support local industrialists. The new MoIAT-ECI partnership offers a package of financial incentives to support UAE exports, offer financing facilities for manufacturers and advanced technology projects, ...

BANJUL / WAM President Adama Barrow of the Gambia has received in his office Major General Dr Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior, who is on a tour to Africa aimed at strengthening security and police ties with a number of African countries. During the meeting, held in the capital Banjul, President Barrow conveyed his ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has provided new services and benefits on its smart app through Apple Watch to enhance smart adoption and make Dubai the best place to work and live. These include utility bill details and tariff slabs, accessing the Smart Living dashboard, as well as daily, weekly, and monthly consumption reports with comparison ...

DUBAI / WAM The Dubai Maritime City Authority (DMCA) at the Ports, Customs and Free Zone Corporation has granted 800 marine driving licences and issued about 700 marine craft permits during the first half of this year. The authority works on regulating and developing the maritime sector in Dubai, through a set of issued legislative regulations following the highest standards ...

SHARJAH / WAM The Sharjah Real Estate Registration Department recorded 40,346 real estate transactions worth AED12.2 billion, marking a 40.5 percent increase till June 2021 against the same period last year, according to the department’s statistical report for the first half of 2021. Moreover, the total area covered in sales transactions was 75.2 million square feet. This showed a 96.1 ...

DUBAI / WAM The distribution of food parcels has been completed in Egypt, providing an equivalent of 30 million meals to low-income families and underprivileged “100 Million Meals” campaign. In partnership with the Food Banking Regional Network, 928 local humanitarian organisations and Egypt Food Bank, around 504,000 beneficiaries across Egypt received parcels of easy-to-store food items including flour, sugar, rice ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received on Monday Sharifi Bahodur Mahmudzoda, Tajikistan’s Ambassador to the UAE. The meeting held at the Ministry of Defense was also attended by Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and a number of its senior officers and officials. Al Bowardi ...

ABU DHABI / WAM Three leading technology companies are growing their presence in Abu Dhabi, as the emirate doubles down on its focus to support the growth of innovation-focused companies. The Abu Dhabi Investment Office (ADIO) announced on Monday individual partnerships with Callsign, Lyve and RIZEK to provide the three companies financial and non-financial incentives as part of its AED2 ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced that it has awarded the main construction contract to build its new permanent plant at Al Khail Gate with a total value of more than AED133 million. Construction has already begun and is managed under the direct supervision of Empower’s in-house projects team. The new advanced plant will have a ...

DUBAI / WAM Emirates Integrated Telecommunications Company PJSC (EITC) has published its financial results for the second quarter of 2021. The company reported that, during Q2 2021, its revenues reached AED 2,855 million, a 7 percent increase year-on-year, while its EBITDA stood at AED 1,130 million, a 7.3 percent increase year-on-year; with net profits at AED 240 million, an 11.4 ...