News

Abu Dhabi / WAM The Ministry of Energy and Infrastructure has affirmed that the UAE is a longstanding and committed member of Opec, and Opec+, and have been a reliable partner in the current Opec+ agreement, delivering compliance of 103% throughout its 2-year term. In a statement on Sunday, the ministry said that the “UAE believes that the market needs ...

Abu Dhabi / WAM The United Arab Emirates leads the world, with enough vaccinations to cover 72.1% of its population and has overtaken Seychelles to become the world’s most vaccinated nation, according to Bloomberg’s Vaccine Tracker. The UAE has so far administered 15.5 million doses, enough to cover 72.1 percent of its population based on a two-dose regimen. The UAE ...

ABU DHABI / WAM Aldar Properties signed a AED300 million facility with HSBC that links the interest margin payable under the facility to achievement of sustainability targets. The agreement sees Aldar become the first real estate company in the Middle East and North Africa (Mena) region to enter into this type of financing. The innovative five-year term sustainability-linked loan includes ...

Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has expanded its international route network with a new service to Baku, Azerbaijan, with flights starting July 15. Customers can now book their direct flights between Abu Dhabi and Baku by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Since Covid-19 outbreak, ...

Abu Dhabi / WAM Most economic and commercial activities in the UAE showed positive signs in May, recording their best performances since the start of the Covid-19 pandemic and highlighting the solid recovery of key sectors that support the national economy. Registered activities in May suggested a growing demand, amidst signs suggesting that demand will further increase in the coming ...

Dubai / WAM The Commercial Compliance & Consumer Protection (CCCP) Sector of Dubai Economy revealed that it recorded a compliance rate of 97.7 percent with Covid-19 precautionary guidelines among commercial establishments in H1 2021. As part of the stringent implementation of globally-benchmarked preventive measures, 43 commercial establishments were closed, 1,678 were fined and 282 were issued warnings during the first ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 254,639 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, 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 ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa) has completed 96.4 percent of its project to extend its water transmission network by 36.6 kilometres across Dubai, at a cost of some AED256 million. Saeed Mohammed Al Tayer, MD and CEO of Dewa, affirmed that Dewa uses the latest technologies in the generation, transmission, distribution and control of electricity ...

Abu Dhabi / WAM Miral in collaboration with Warner Bros. Themed Entertainment on Sunday announced that The WB Abu Dhabi hotel is on track to open in 2021. With a design and concept inspired by the world-famous Warner Bros. brand, the hotel, developed with a total investment of $112 million, will complement the company’s commitment to diversifying Yas Island’s offerings ...

Sharjah / WAM A successful collaborative research study led by American University of Sharjah (AUS) has taken a significant step towards finding solutions to some of the problems facing fuel cell usage. Fuel cells, which are a clean, efficient and reliable source of power, have various applications and can be used to operate vehicles by producing electricity. Fuel cells run ...