News

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 ...

Al Ain / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the UAE President and Supreme President of UAE University (UAEU), received Professor Eric Xing, President of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and his delegation. The meeting was also attended virtually by Dr Tayyeb Zanaty, Dean of the College of Information Technology (CIT) at UAEU. During the ...

Bloomberg State-run NTPC Ltd, India’s largest power generator, aims to take its renewables unit public to help fund a 2.5 trillion rupees ($34 billion) clean energy expansion, according to a company official with knowledge of the plans. The New Delhi-based producer wants to list its NTPC Renewable Energy Ltd unit in the next fiscal year, which begins in April 2022, ...

Bloomberg India’s Cars24 Services Pvt is in talks with Yuri Milner’s DST Global and other investors for a funding round that could double the used-vehicle site’s value to $2 billion, a person familiar with the discussions said. India’s biggest online marketplace for pre-owned cars is set to raise $200 million to $250 million from existing backers including DST, which may ...

Bloomberg A majority of urban Indians left unemployed by the coronavirus pandemic want the government to guarantee them jobs like it does for people in rural areas, says a study by the London School of Economics. An overwhelming 82% of respondents surveyed for the report ‘City of dreams no more, a year on: worklessness and active labour market policies in ...