News

Dubai / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and President of the Dubai Electricity and Water Authority (Dewa), unveiled the world’s first thermodynamic Digital Twin Gas Turbine Intelligent Controller, which uses Artificial Intelligence (AI), and machine learning, co-developed by the Dewa and Siemens. HH Sheikh Hamdan unveiled the GT Controller ...

ABU DHABI / WAM Mubadala Capital on Monday announced the launch of its first Mena-focused tech investment funds. With a total of $250 million, the Mubadala Mena tech funds will capitalise on the growing startup scene in the region while empowering tech talent in the Emirates and across the wider region. According to a press release issued by Mubadala on ...

Dubai / WAM Enoc Group unveiled record cumulative savings of AED71.4 million from innovative energy efficiency measures implemented across the Group over the last five years. The results and findings were published in the Group’s third edition of the Energy and Efficiency Report, which was launched at Water, Energy, Technology, and Environment Exhibition (Wetex 2019), said an Enoc press release ...

KIGALI / WAM Global trade enabler DP World inaugurated its Kigali Logistics Platform in the presence of President Paul Kagame of Rwanda, and DP World Chairman and CEO, Sultan Ahmed bin Sulayem. The facility, which has been operational since September 2018 in test mode, has an annual capacity of 50,000 TEUs. When operating at full capacity, it has the potential ...

Bloomberg Oil fell again after a weekly loss amid ongoing concern that a fragile economic outlook will continue to weigh on fuel demand. Futures declined 0.6% in New York after dropping 1.7% last week. Policy makers in China, the world’s second-biggest oil consumer, are preparing for two key meetings with fresh evidence that economic growth will slip further from its ...

Bloomberg China is seeking $2.4 billion in trade countermeasures against the US in a seven-year-old case it lodged with the World Trade Organisation (WTO). In a document published on the WTO’s website on Monday, China requested that the Geneva-based trade arbiter discuss the matter at its next meeting of its dispute settlement body on October 28. “In response to the ...

Matera (Italy) / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the significance of the UAE’s hosting of Expo 2020 Dubai is in that it is the first event of its kind, “not only in the Middle East or the Arab world, but the first in Africa and South Asia ...

MARRAKESH / WAM The UAE Government participated in the 19th Annual Conference of the Arab Organisation for Administrative Development (Arado), in Marrakesh, Morocco. This year’s conference theme was entitled, ‘Requirements for Smart Infrastructure Localisation in Arab Countries to Achieve the 2030 Agenda for Sustainable Development. The conference, held under the patronage of King Mohammed VI of Morocco, discussed the future ...

Emirates Business Abu Dhabi Ports has started work on the city’s dynamic new waterfront space, Marsa Mina, bringing new life to the city’s historic port area at Mina Zayed. To mark the start of construction, the first container to be used for the project was unloaded in the presence of number of Abu Dhabi Ports’ officials. Marsa Mina is scheduled ...

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), commenced construction of two kindergartens at Zakher and Al Maqam areas in Al Ain. Affirming observation of environmental sustainability requirements and preserving multiple energy resources, Musanada said that the AED85.5 million two kindergartens will have a total built-up area ...