News

Sharjah / WAM Arada has launched Naseej District, an upscale neighbourhood that celebrates art, design and culture at the AED24 billion megaproject in the heart of New Sharjah. Naseej, which means fabric, reflects the developer’s aspiration to weave together diverse skills, talents and backgrounds to turn the cultural district into a coherent social space for the creative community in Sharjah. ...

ABU DHABI / WAM Mubadala, the Abu Dhabi-based sovereign investment company, on Tuesday announced that it will be taking a significant stake into Asper Investment Management’s (Asper) Dorothea investment vehicle (Dorothea). Dorothea is targeting to deploy more than AED 2.1 billion (€ 500 mn) into building a network of district heating services across the Netherlands. Asper is Europe’s leading independent ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has called for a prayer for rain, known in Arabic as Salaat Al Istisqaa, to be performed at all mosques and prayer areas across the UAE, ten minutes before the Friday prayer, on December 18. The prayers were held to keep with the tradition of the Prophet ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has approved five investment projects worth AED 524 million to establish fish, vegetable, fruit, cattle and poultry farms on a total land and sea area of approximately four million m2. The investment opportunities, identified and managed in cooperation with the Abu Dhabi Investment Office (ADIO), will be ...

Bloomberg The president of Opec reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid Attar, who holds Opec’s rotating presidency, said there was no guarantee the group and its allies would raise crude production by ...

DUBAI / WAM Moro Hub, the digital arm of Dubai Electricity and Water Authority (Dewa), has announced the launch of end-to-end managed security services in the region, as a part of Dubai 10X initiative. Customers can now avail Moro Hub’s 24×7 security monitoring and threat management service that is augmented with advanced technologies hosted on Moro Hub Cloud and managed ...

Abu Dhabi / WAM The UAE will celebrate, on Wednesday, the National Day of Bahrain on December 16, with official and popular celebrations that reflect the deep relations and strategic partnership between the two countries and their peoples. The celebrations will feature many events and shows, which include lighting up country’s key landmarks with Bahraini flag, festive decorations in airports, ...

ABU DHABI / WAM The Ministry of Finance (MoF) highlighted its keenness to strengthen its cooperation with Bahrain, which is reflected by economic and statistical figures from 2019. The ministry also congratulated the Kingdom of Bahrain and its people on the occasion of the country’s 49th National Day, marked on December 16. On the occasion, the ministry told Emirates News ...

Al Ain / WAM Strata Manufacturing, the composite aero-structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered its first Boeing 787 Dreamliner vertical fin shipset to Boeing during an official ceremony held following the UAE’s 49th National Day. The delivery, which underpins the Al Ain-based manufacturer’s evolving industrial and engineering capability, marks the first 787 vertical fin completely assembled ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed that the UAE is preparing for the next fifty years of development by relying on the visions of its talented citizens. His Highness Sheikh Mohammed bin Rashid made this statement during the honouring ceremony of ...