News

ABU DHABI / WAM According to statistics from the National Economic Register of the Ministry of Economy, the number of economic licences issued in the UAE grew to 678,573 in February 2020, compared to 676,256 in January. This increase highlights the ongoing economic growth around the country. The Central Bank of the UAE noted that the country’s macroeconomic growth rate ...

DUBAI / WAM The Japanese Consul-General in Dubai, Dr. Akima Umezawa, has visited the Dubai Electricity and Water Authority (Dewa) headquarters to explore potential collaboration opportunities. During the visit, Dr. Umezawa met with Saeed Mohammed Al Tayer, Dewa Managing Director and CEO, who highlighted the importance of enhancing strategic collaboration between Dewa and Japanese companies in water, renewable and clean ...

DUBAI / WAM Dubai Silicon Oasis Authority (DSOA) on Sunday signed a strategic agreement with Dubai Chamber of Commerce and Industry to support start-ups and entrepreneurs in Dubai. The agreement was signed between Dubai Technology Entrepreneur Campus, Dtec, the largest tech hub and coworking space in the Mena region, wholly owned by DSOA, and Dubai Startup Hub, an initiative of ...

FUJAIRAH / WAM The Port of Fujairah, one of the world’s key oil storage centres and the second largest ship refuelling centre in the world, is considering several options to invest some AED750 million over the next two years to upgrade its oil handing infrastructure. This announcement was made by Khalil Ibrahim, Chief Financial Officer of the Port of Fujairah, ...

ABU DHABI / WAM An AED254.4-million infrastructure project has been completed in the Al Shawamekh area, Abu Dhabi. Musanada, the Abu Dhabi General Services Company delivered sectors 7 & 12 of the roads and infrastructure project in the area, which included constructing internal roads and building infrastructure for residential plots spanning 2.2 million square metres. In a statement on Sunday, ...

Sharjah / Emirates Business Sheikh Sultan bin Ahmed Al Qasimi, Chairman of the Sharjah Media Council (SMC), has said that Sharjah organises the International Government Communication Forum (IGCF) to underscore the benefits of well-strategised, clear and effective interactions between governments, public and media. He noted that in the past nine years since the forum’s inception, IGCF has contributed to the ...

Dubai / Emirates Business Etisalat Digital and Alef Education, a global K-12 education technology company, signed a Memorandum of Understanding (MoU) that will enable both entities to collaborate on a series of digital initiatives to empower the region’s education sector. The announcement was made during Global Education Supplies and Solutions (GESS) Exhibition in Dubai, a leading education exhibition in the ...

DUBAI / WAM The gold and jewellery market, which is among the pillars of Dubai’s reputation as a global retail hub and shopping destination, continues to enjoy consumer confidence and remain a leading economic activity in the emirate. Efforts by the Commercial Compliance and Consumer Protection, CCCP, sector at Dubai Economy to improve awareness over consumer rights, while also strengthening ...

ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation is continuing its relief efforts in Madagascar, by distributing food aid to areas and villages affected by floods. The foundation’s relief team distributed urgently needed food to thousands of families in Marovoay and Berivotra, benefitting some 32,000 families with some 160,000 individual members. The donation from the UAE is ...

RAS AL KHAIMAH / WAM The Ras Al Khaimah International Corporate Centre (RAKICC), will explore new business opportunities and structures, and highlight the opportunities available in the emirate during a two-day road show to Cyprus next week. In an announcement, the RAKICC said that companies will be encouraged to move their domiciles to the Centre. The mission will hold seminars ...