News

DUBAI / WAM Propelled by a double-digit surge in traffic in June, passenger numbers at Dubai International (DXB), topped 43.7 million in the first half of 2018, according to the traffic report issued on Wednesday by operator Dubai Airports. DXB handled a total of 43,739,105 passengers during first half, up 1.6% compared to 43,054,268 passen- -gers recorded during the corresponding ...

ABU DHABI / WAM National Reference Laboratory (NRL), part of Mubadala’s network of world-class healthcare providers, has been approved by the General Civil Aviation Authority (GCAA), to carry out drug and alcohol testing for pilots, cabin crew, ground staff, air traffic controllers and other safety-sensitive aviation professionals and stakeholders in the UAE. NRL obtained the stringent certification for its robust ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq) has signed a second Memorandum of Understanding (MoU) with Korea’s global investment corporation REI Holding Group, to encourage bilateral investments, collaborate on industry information and expand business networks in both countries. The agreement follows on the recently announced MoU between Shurooq and REI’s Haewon Medical Foundation Sejong General Hospital to ...

ABU DHABI / WAM Nawah Energy Company (Nawah), the nuclear operating joint venture company established by Emirates Nuclear Energy Corporation, (enec), and Korea Electric Power Corporation (Kepco), celebrated successful graduation of 195 students who are specialising in nuclear energy as part of the ‘Energy Pioneers’ scholarship programme. The graduates completed nuclear science and technology focused courses from various institutions of ...

Dubai / WAM The Business Park at Dubai South has announced it has entered into a strategic partnership with the Union of European Expert Chambers, UCEE, to establish a permanent exhibition and business centre for the members of the UCEE at the Business Park. The partnership aims to encourage European SMEs to set up their business in Dubai and the ...

Abu Dhabi / WAM The Department of Energy (DoE), issued an ‘Electricity Generation Licence’ to Barakah One Company, the joint venture subsidiary company owned by the Emirates Nuclear Energy Corporation (Enec), and the Korea Electric Power Corporation (KEPCO). The licence is a key regulatory requirement before operation of the peaceful Barakah Nuclear Energy Plants in Al Dhafra, Abu Dhabi. The ...

Abu Dhabi / Emirates Business The UAE Banks Federation (UBF) hosted a six-hour workshop examining the key issues around the upcoming implementation of the Basel III Accord. The event was held on Wednesday in Abu Dhabi, and the sessions have been arranged by the UBF Risk Management Committee (UBF-RMC) in association with Moody’s Analytics, with the aim to help the ...

Dubai / WAM Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, and Saudi Al Tayyar Travel Group, have formed a strategic alliance with the aim of further enhancing Dubai’s position as the preferred destination for Saudi visitors. The partnership will pave the way for launching unique initiatives that will help expand Dubai Tourism’s marketing reach and visibility within Saudi ...

Abu Dhabi / WAM During its visit to the headquarters of the Abu Dhabi Global Market (ADGM), a delegation from the Board of Directors of the International Chamber of Commerce (ICC, UAE), led by Humaid Mohammed bin Salem, Chairman of the Board of Directors, was briefed about the key achievements and successes of the ADGM and its long-term plans. The ...

Bloomberg Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999. The changes, which will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead, is set to get the go-ahead from President Vladimir Putin by year-end, bringing in much-needed funds ...