Abu Dhabi / WAM Abu Dhabi has unveiled the Technology Innovation Institute (TII) the dedicated applied research pillar of the Advanced Technology Research Council (ATRC) committed to reinforcing Abu Dhabi and the UAE’s status as a global hub for innovation and advanced technologies. The institute aims to deliver discovery science and breakthrough technologies that have a global impact. It is ...
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QCC boosts efficiency of construction materials
Abu Dhabi / WAM Dr Hilal Humaid Al Kaabi, Secretary-General of the Abu Dhabi Quality and Conformity Council, QCC, affirmed the services provided by the Construction Materials Laboratory of the Abu Dhabi Quality and Conformity Council contributed to boosting the efficiency and quality of the materials used in building and construction works. He also stated that the collaboration project with ...
Read More »Jebel Ali Port, Jafza witness steady growth in construction, steel sector
Dubai / WAM Jebel Ali Port, DP World’s flagship port handled over five million metric tonnes of metal, steel and construction materials in 2019. At an average, the port has handled around 4.5 million TEU from 2010 to 2019, which equates to 1 billion metric tonnes until 2019. Over 50 million metric tonnes of general cargo has been handled from ...
Read More »ERC inaugurates ‘Al Medina Village’ in Niger
NIAMEY (Niger) / WAM The Emirates Red Crescent (ERC) inaugurated the “Al Medina Village” in Niger, under the framework of its development initiatives in the west country. With the follow up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and ERC Chairman, the ERC’s projects in Niger aims to strengthen the efforts of the ...
Read More »France ready to spend more amid surge in unemployment
Bloomberg France is prepared to further ramp up spending to support any firm, from mom-and-pop shops to its national flag carrier, as rising unemployment and a resurgence of the Covid-19 pandemic cast a longer shadow over the economy. Finance Minister Bruno Le Maire pledged that if needed the state will pump more public money into Air France and expand funding ...
Read More »UK’s Land Securities sees $1.2bn wiped from property values
Bloomberg Land Securities Group Plc slashed the value of its properties by 945 million pounds ($1.2 billion) as the coronavirus pandemic forces thousands of stores to close. The company, one of the UK’s largest real estate investment trusts, incurred most of the damage in retail assets that were written down by more than 20% outside London and about 17% in ...
Read More »US grapples with distribution over vaccine hope
Bloomberg A Covid-19 vaccine from Pfizer Inc may be on the horizon, but the cost of distributing vaccines across all 50 states and who will pay for that operation remains a huge stumbling block. What is clear is that much of the financial burden and logistical challenge of getting a vaccine to people has fallen on the shoulders of state ...
Read More »Too early to say whether Covid-19 will permanently affect oil demand
Abu Dhabi / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, stated that changes to oil prices are caused by supply and demand, and it is too early to say whether the coronavirus pandemic will permanently affect demand, which is the main factor for determining oil prices. The trust in oil markets is gradually returning, due to ...
Read More »Masdar, FAB complete energy saving project
Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank (FAB) announced the completion of an energy and water-saving retrofit project for an Abu Dhabi-based school for People of Determination. The Future Rehabilitation Centre in Mohammed bin Zayed City is benefitting from energy reductions of over a third and water savings of ...
Read More »Abu Dhabi’s non-oil trade hits AED151.18bn in nine months
Abu Dhabi / WAM Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching AED151.18 billion from January to September this year, despite the Covid-19 pandemic. The sector also distributed imports worth AED69.33 billion, exports worth AED55.37 billion, and re-exports worth AED26.48 billion. The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow ...
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