News

AJMAN / WAM As part of its efforts to effectively embrace Ajman’s vision of a digital economy through smart governance, the Ajman Media City Free Zone announced that it will link its digital services with Ajman Pay. Chairman of Ajman Media City Free Zone, Sheikh Abdulaziz bin Humaid Al Nuaimi, said, “We commend the efforts of Ajman’s Department of Finance ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has participated in the ongoing World Future Energy Summit, part of Abu Dhabi Sustainability Week 2020, to showcase the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050. The Strategy includes a reduction in carbon dioxide ...

ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company, has made its first investment in Australia after acquiring a 40 percent stake in the country’s second utility-scale waste-to-energy (WTE), facility, the company announced on Tuesday at Abu Dhabi Sustainability Week (ADSW 2020). Under the terms of the investment, Masdar and Abu Dhabi advisory and development firm Tribe Infrastructure ...

ABU DHABI / WAM UAE stock markets continued their rise for the second consecutive day, amid improvements in trading, with market capitalisation of trading companies reaching AED7.1 billion. The Abu Dhabi Securities Exchange General Index increased 68 points or 1.34 percent since the beginning of 2020. Today’s numbers reveal the Abu Dhabi Securities Market rose to 5,168.62 points, a 1.07 ...

ABU DHABI / WAM According to statistics from the Ministry of Economy, the total value of non-oil trade between the UAE and Japan reached AED481.34 billion or $130.8 billion over the past ten years from 2009 to 2019. These statistics highlight the growing trade and economic relations between the two countries, with the value of their overall trade in the ...

DUBAI / WAM DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages. An independent expert ...

Abu Dhabi / WAM The world’s first commercial-scale indoor tomato farm using only LED lights to grow fresh tomatoes will begin operation in Abu Dhabi later this year, as part of Madar Farms’ investment in a new multi-million-dirham farming facility. Announced during Abu Dhabi Sustainability Week, UAE-based Madar Farms has partnered with Certhon, Inno-3B, and Signify to operate the 5,000 ...

ABU DHABI / WAM A new partnership between Etihad Airways and easyJet will allow customers to purchase tickets through the easyJet worldwide website connecting the two airlines’ networks and opening new possibilities for travel between Europe, Africa, the Azores and the UAE. The collaboration, which comes into effect immediately, follows easyJet’s accelerated and successful roll out programme with world-leading flight ...

DUBAI / WAM Individuals can now utilise their caravans for camping on Dubai’s beaches without incurring fees, Dubai Municipality announced on Tuesday. The decision was announced following directives by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. In a statement, Dawood Al Hajri, Director-General of Dubai Municipality, confirmed ...

DUBAI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, on Tuesday announced that it finished 2019 with the highest rate of Emiratisation in the 40-year history of the company through a focus on attracting and developing talented youth. Some 39.8 percent of in-focus roles at EGA are now held by UAE ...