News

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP), issued operating licences to 211 health facilities in the country this year as well as ordered the closure of 24 private companies for non-compliance with the set regulations. The issuance of licences and closure orders are part of the ministry’s supervisory mandate and a part of its strategy to ...

ABU DHABI / WAM The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 kilometres from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast, to be followed by future route ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday attended the launch of seven national strategies that promote the development model ...

Abu Dhabi / WAM During the Second UAE Government Annual Meetings, the UAE Government adopted six initiatives to regulate e-commerce nationwide, promote the national economy, support and regulate public- private partnerships (PPP), achieve growth in the national non-oil commodity exports and reinforce the UAE’s position as a hub for global investments. The Economy Working Group meeting examined the means to ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has been named ‘Financial Centre of the Year – Mena’ for a third year in a row by Global Investor magazine. The accolade, presented at the annual Mena Capital Markets Summit Awards in Dubai, is a testament to ADGM’s achievements and innovations across all three of its authorities – the Financial ...

Dubai / WAM Residential and infrastructure projects are driving the growth of Dubai’s construction sector and this trend is expected to gain momentum in the lead up to Expo 2020, a new analysis released by Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from the Dubai Statistics Centre and Haver Analytics, found that the ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (Adnec) announced that bookings for both indoor and outdoor spaces for the upcoming editions of the International Defence Exhibition (Idex, 2019, and the Naval Defence Exhibition (Navdex, 2019), have already reached 95 per cent, revealing the global importance of the shows and the advanced preparations of the world’s leading players ...

Dubai / WAM Dubai World Trade Centre (DWTC), continues its commitment to support Dubai’s vision for leadership in energy security and efficiency through its energy diversification initiatives. In line with the Dubai Clean Energy Strategy’s aim of generating 75 percent of its energy consumption from clean sources by 2050, the DWTC is championing a range of resource and energy optimisation ...

Bloomberg Africa is on the cusp of a liquefied natural gas (LNG) boom. That’s in part due to accelerating global demand. It’s also down to a fast-track method of getting the fuel to market. Kosmos Energy Ltd’s project in Mauritania and Senegal, set to get the go-ahead next month, will use a floating vessel to convert gas from the offshore ...

Bloomberg Some liquefied natural gas (LNG) sellers aren’t in a rush to deliver their multimillion-dollar cargoes. With uncertain demand and no signs yet of bitter cold, some traders are preferring to keep their fuel inside vessels in the hope prices will rise. While the sight of stationary cargoes might not be unusual in the more-established oil market, technology has only ...