News

DUBAI / WAM The United Nations Development Programme (UNDP) and the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) unveiled the 2020 results of the Global Knowledge Index (GKI) during the press conference that took place in Dubai and streamed globally. The UAE’s results in the Global Knowledge Index 2020 reflect the determination and efforts of experts, decision makers, and ...

ABU DHABI / WAM December 10 marks the 40th anniversary of the Central Bank of UAE’s (CBUAE) establishment, replacing the UAE Currency Board, as per the Union Law No (10) of 1980. The UAE’s economic and financial journey spans more than 47 years, starting in 1973 when the UAE Currency Board was established and mandated with issuing the UAE dirham, ...

DUBAI / WAM The UAE has emerged as one of the top five most globally connected countries in the world according to the DHL Global Connectedness Index 2020 released on Wednesday. Now in its seventh edition, the report compiled in collaboration with DHL and the NYU Stern School of Business provides a comprehensive assessment of globalisation during the Covid-19 pandemic. ...

MONTREAL / WAM Salvatore Sciacchitano, President of the International Civil Aviation Organisation (ICAO) Council, said that innovation will play a key role in the aviation sector’s recovery strategies. “Looking forward to a post-pandemic world, innovation will be at the very heart of the new era in aviation which is now dawning,” said Sciacchitano in a statement on the International Civil ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has officially launched its second trading arm, Adnoc Global Trading (AGT), a joint venture between Adnoc (65 percent), Eni (20 percent) and OMV (15 percent) which focuses on the trading of refined products globally. The AGT virtual launch event brought together leaders from Adnoc, Eni and OMV, as well ...

DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to $27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...

ABU DHABI / WAM The two-day World Space Forum, which will begin on Wednesday, is a key global forum that aims to achieve the United Nations (UN) Sustainable Development Goals and ensure the ideal global utilisation of space discoveries and science technologies. Theme “Space for Our Future”, the event brings together experts and policymakers from regional, national and local institutions ...

ABU DHABI / WAM Rafed, the recently established healthcare procurement company, and Abu Dhabi Ports, the region’s premier facilitator of logistics, transport, and trade, have signed a collaboration agreement to jointly launch the largest healthcare and medical supplies cold store distribution centre in the UAE. Both entities are part of ADQ, one of the region’s largest holding companies with a ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has committed to purchasing carbon offsets, to completely neutralise the CO2 emissions of its flagship “Greenliner” 787-10 aircraft for a full year of operations in 2021. The initiative is the start of the airline’s journey to reduce CO2 emissions to 50 percent of 2019 levels by 2035, and ...

NEW DELHI / WAM The UAE and India aim to treble the volume of their food trade in the next five years. Optimism in achieving this goal was expressed by a multitude of speakers from the government and private sectors in both countries at the “UAE-India Food Security Summit 2020,” a two-day hybrid event, which began on Tuesday. The summit ...