News

Dubai / WAM Emirates Global Aluminium (EGA) marked on Sunday the 100th shipload of bauxite exported from the Republic of Guinea since the start-up of its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation (GAC) in August 2019, according to an EGA press release on Sunday. EGA uses capesize vessels to transport much of its bauxite ore. Capesize vessels are up to ...

Abu Dhabi / WAM Aldar Properties has announced the launch of the second phase of its Al Gurm development, a waterfront community on the south-west side of Abu Dhabi’s main island. The beach facing land plots at Al Gurm are exclusively available to purchase by UAE nationals, Aldar said in a statement on Sunday. A total of 71 new plots ...

SHARJAH / WAM Arada, a property development company in Sharjah, has announced that it has secured an AED250 million Islamic facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada megaproject in the heart of New Sharjah. The credit facility is in addition to an initial AED300 million financing arrangement secured from the bank at the start ...

Abu Dhabi / WAM This month, young visitors to Kidzania’s outlets at The Dubai Mall and Abu Dhabi’s Yas Mall, will learn how to easily grow healthy fruits and vegetables at home, through a unique interactive experience delivered by Masdar City-based start-up innovation, the HydroArtPod. As part of KidZania’s ‘Kids For A Greener World’ interactive workshop, kids will learn how ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated that developing the digital economy is a major priority for the government. The UAE believes that young minds and national expertise are the main pillars for building a flourishing digital future, based on science, knowledge, innovation ...

DUBAI / WAM The value of Dubai’s external pharmaceutical and medical supplies trade reached AED6.8 billion for Q1 2021 recording a growth of 31 percent from AED5.2 billion in the same period of 2020, according to statistics released by Dubai Customs. Imports touched AED5.3 billion, exports AED590 million, while exports and re-exports totalled AED1.4 billion. In terms of volume, Dubai ...

Bloomberg Top officials from the US, Germany and France each expressed confidence that a global tax deal endorsed at the Group of 20 meeting in Venice has enough momentum to overcome political obstacles in Washington and within the European Union (EU) in time for it to be finalised in October. “There’s more work to be done, but I’m really hopeful ...

New Delhi / WAM India’s Minister of State for External Affairs, who deals with the Gulf and the rest of the Arab world, V Muraleedharan, has held a meeting with Indian ambassadors in the Gulf to discuss initiatives to resume passenger flights to India from their countries of accreditation. “Our ambassadors were requested at that meeting to take up with ...

Bloomberg Oil falls this week for the first time since May after days of volatile trading in the wake of Opec+’s stalemate over a production increase in the near term. Futures in New York declined 0.8% this week, although the US crude benchmark closed higher amid a broader market rebound. A stronger dollar makes commodities priced in the currency less ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Indonesia and Afghanistan, effective 11:59 on Sunday, July 11. The travel suspension includes inbound transit passengers except transit flights coming to the UAE and ...