News

Bloomberg The richest people on earth lost $511 billion this year after record first-half gains were obliterated by a succession of bruising market selloffs. Global trade tensions and worries about a US recession dragged markets lower at year-end. It’s only the second annual decline for the daily wealth index since its 2012 debut, and represents a sharp about-turn from the ...

DUBAI / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Saturday outlined the 2019 action plan for the Dubai: The Capital of Islamic Economy initiative at its fourth board meeting for 2018. Chairing the meeting, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, confirmed the UAE’s pioneering role as a catalyst for innovative initiatives ...

Dubai / Emirates Business Global trade enabler DP World has helped establish a 2,500 kilometre long transport corridor from Jebel Ali to the Naseeb-Jaber border crossing between Jordan and Syria. Trucks loaded with goods at its flagship Jebel Ali Port and Free Zone in the UAE have travelled through Saudi Arabia, Jordan, Syria and Lebanon in close collaboration with all ...

ABU DHABI / WAM The United Eastern Medical Services Board announced on Saturday the second phase of the expansion project of Danat Al Emarat Hospital for Women and Children in Abu Dhabi. The second phase includes the construction of a new tower with a capacity of 100 beds, at a total cost of AED300 million ($81.7 million). The new tower ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD), and RTI International, an independent, non-profit research institute headquartered in the United States, celebrated 10 years of close collaboration on environmental protection technology, systems, and practices. The strategic partnership has enhanced EAD’s capabilities in developing environmental management programmes tailored to Abu Dhabi’s unique biological, social, and economic context. It ...

Dubai / WAM The Department of Economic Development (DED), announced the release of the ‘Dubai Economic Report 2018’ on Saturday. The report reviews the major macro-and sectoral level economic developments and growth in the emirate during 2017. It aims to be a reference for public and private sector decision-making as well as for developing policies and strategies that enhance overall ...

Al Ain / WAM ZonesCorp announced on Saturday a new agreement with Saudi Arabia’s Berain Water to build a 36,000-square-metre water bottling plant in the food industry zone of Al Ain Industrial City. The food manufacturing sector in Abu Dhabi has witnessed remarkable growth over the past few years as a result of the booming domestic market and growing exports. ...

Abu Dhabi / WAM The UAE is committed to universal humanitarian principles, and does not differentiate between peoples when delivering aid to those in need, said His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC). The UAE leadership, under President His Highness Sheikh Khalifa bin Zayed Al ...

Abu Dhabi / WAM Extending to all governorates within Yemen, UAE humanitarian aid efforts have a single objective; to restore the country to its full potential. Since April 2015, the UAE has worked on food aid programmes, the building and refurbishment of schools, restoring hospitals and supporting Yemen’s health care sector, rehabilitating utility facilities, including power plants, redeveloping the roads ...

Abu Dhabi / Emirates Business The inspection tours conducted by the Federal Tax Authority (FTA) have revealed that customer satisfaction with the Tax Refunds for Tourists Scheme’s electronic system is on the rise. The Authority had launched the Scheme in two consecutive phases beginning on November 18 this year, in collaboration with global systems operator Planet, covering, so far, 12 ...