News

Abu Dhabi / WAM The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country’s position as a regional centre of the trade in the Middle East. The gold and diamond trade accounted for around 15.8 percent of the UAE’s total non-oil trade in 2018, valued at AED1.628 ...

Abu Dhabi / WAM In the presence of Suhail Al Mazrouei, UAE Minister of Energy and Industry, Dr Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy and Industry, and Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) signed a Memorandum of Understanding (MoU), during the Abu Dhabi Sustainability Week. The MoU aims to strengthen and ...

ABU DHABI / WAM Ahmed Jasim Al Zaabi, Chief Financial Officer of the Abu Dhabi National Oil Company (Adnoc), has highlighted the company’s longstanding commitment to environmental stewardship through a set of new and comprehensive sustainability goals and initiatives. Addressing some of the world’s most prominent finance professionals at the second Abu Dhabi Sustainable Finance Forum (ADSFF), Al Zaabi highlighted ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Lody Embrechts, Ambassador of the Netherlands to the UAE, discussed ways of developing economic relations between the UAE and the Netherlands. During the meeting, both sides also discussed their potential cooperation in a range of vital sectors, including agriculture, food products, industry, services, logistics, tourism, small and ...

ABU DHABI / WAM The UAE-Caribbean Renewable Energy Fund (UAE-CREF), has entered the second cycle of its three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations, successfully completing new development and funding agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago, and Suriname. The announcement was made at Abu Dhabi Sustainability ...

Bloomberg Mobile app spending and usage hit a record in 2019 and show no signs of tapering off this year as faster cellular connections and more big-name video streaming services come online, industry tracker App Annie says. In the past year, mobile apps accumulated $120 billion of global consumer spending, with games accounting for 72% of that. Advertising brought in ...

Dubai / WAM The UAE could save over AED11 billion through implementing advanced blockchain technologies, a joint whitepaper by Centre for the Fourth Industrial Revolution UAE, C4IR UAE, Dubai Future Foundation and World Economic Forum, revealed. The report cites both Dubai Blockchain Strategy in 2016, and the Emirates Blockchain Strategy in 2018. Statistically, in addition to the cost savings, the ...

SHARJAH / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA), continues to work towards establishing a strong foothold in the Northern European tourism market. Efforts to draw in more visitors from the region will commence this year with its upcoming participation at the Matka Nordic Travel Fair in Helsinki, Finland. Set to take place from January 15 to 19, ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, signed a power purchase agreement (PPA), with Perusahaan Listrik Negara (PLN), the state electricity company in Indonesia, for the first floating solar photovoltaic (PV), plant in the country. Dr Sultan bin Ahmad Al Jaber, UAE Minister of State and Chairman of Masdar, and Zulkifli Zaini, President Director, ...

DUBAI / WAM The Nation Brand Office of the UAE has officially begun its task of unifying and coordinating the message of promoting the UAE’s capabilities to the rest of the world, and has also released official guidelines for the use of the Nation Brand with the launch of its new website portal: www.nationbrand.ae. The Nation Brand Office, which holds ...