News

ABU DHABI / WAM Abu Dhabi Waste Management Centre (Tadweer), announced that its Gulf Rubber Factory recycled 6,954.33 tonnes of used tires in the first eight months of 2018, averaging 28 tonnes per day. Set up in 2011 as a public-private joint venture, the facility utilises cutting-edge tire recycling technologies from leading European companies to produce different sizes of rubber ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has said that environment-smart agriculture (ESA), is a new concept being adopted around the world, where smart technologies and environmentally friendly agricultural practices are being applied. In a statement to the Emirates News Agency (WAM), he said, “We, in the UAE, have adopted environment-smart ...

Dubai / WAM The Emirates Central Cooling Systems Corporation, Empower, announced that it has prepaid three loan instalments of $157.5 million (AED580 million) prior to their maturity. With these prepayments and payment of DIB facility of $128 million, Empower has fully settled its term loan facilities for a total amount of $728 million and the company will have zero debt ...

Abu Dhabi / WAM The UAE will conclude 2018 with significant local, regional and international achievements. As well as honouring the name of the late Sheikh Zayed bin Sultan Al Nahyan, 2018 witnessed many local and international events that commemorated the memory of the Founding Leader, Sheikh Zayed, glorified his legacy, and promoted his humanitarian values. Upon the directives of ...

Dubai / Emirates Business Following positive response and an impressive line up of speakers confirmed for the ‘Internet of Things 2019’, key stake holders from the region have confirmed their presence at the Armani Hotel Dubai from the February 20-21, 2019 for the sixth edition of the cross-industry C level conference aimed for decision makers in both the private- and ...

Abu Dhabi / WAM The Abu Dhabi Food Festival (ADFF), has officially concluded with more than 70,000 visitors and food lovers coming together across the emirate, strongly contributing to the positioning of Abu Dhabi as a global culinary hub. The two-week festival, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), ran until December 22, ...

Bloomberg Greg Kelly, the Nissan Motor Co. aide arrested along with former Chairman Carlos Ghosn, was granted bail on Tuesday, making way for his potential release after spending more than a month in jail. The Tokyo District Court set Kelly’s bail at 70 million yen ($635,000), according to the Tokyo prosecutors’ office. He was arrested on November 19 and was ...

Bloomberg The death toll from a tsunami along Indonesia’s Sunda Strait exceeded 400 as rescuers scour through the wreckage of hundreds of hotels and houses flattened by the deadly wave. At least 16,000 people have been displaced and about 1,500 were injured after the tsunami struck the Indonesian provinces Lampung and Banten late on December 22, according to the National ...

Bloomberg Chinese policy makers will step up support for the struggling private sector in 2019, with the state council announcing a series of measures for the firms, which have been hit hard by the slowing economy and trade tensions. The central bank will improve policies on targeted reserve-requirement ratio cuts and inclusive finance to further support private companies, according to ...

Bloomberg Japanese PM Shinzo Abe’s cabinet approved a policy document on Tuesday, seeking to deflect criticism of a law that will open the door to foreign guest workers from April. Under the new framework, the number of workers coming from abroad will be limited to 345,150 over five years, according to a document distributed to reporters in advance of the ...