News

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), on Monday announced that Islamic economy generates 8.3 percent of Dubai’s gross domestic product (GDP), according to Dubai Statistics Centre, a strategic partner of DIEDC. Al Mansouri shared the statistics, mapping the contribution of key sectors – Islamic finance, manufacturing ...

RIGA / WAM The UAE is a strategic partner for Latvia which can serve as a gateway enabling Latvian companies to expand their presence in the GCC, Latvian President Raimonds Vejonis said during his meeting with a UAE trade delegation in Riga, led by the Dubai Chamber of Commerce and Industry. During the meeting, Vejonis said Latvian companies can benefit ...

Abu Dhabi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Monday officially inaugurated the Abu Dhabi Global Market Academy (ADGM), in Al Maryah Island in Abu Dhabi. The inauguration took place in the presence Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development, Homaid Abdullah Al Shimmari, ...

Dubai / WAM Access World Logistics L.L.C. – a joint venture between RHS Group, Dubai and Switzerland-based Access World, inaugurated a state-of-the-art 3rd party logistics and warehousing facility in the Jebel Ali Free Zone. The facility, with a storage capacity in excess of 100,000 freight tonnes of multiple products, has a 15,200 m2 covered warehouse with Very Narrow Aisle (VNA) ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), released a draft radiation safety regulation and invited public to review the draft and comment. According to a press statement, FANR revised Regulation No. 04 for Radiation Dose Limits and Optimisation of Radiation Protection for Nuclear Facilities, which establishes the radiation dose limits that are relevant to a nuclear ...

Dubai / WAM The First ICT Future Foresight Forum, a major ICT event in the UAE, was launched under the patronage of the Telecommunications Regulatory Authority (TRA). The Forum aims to address future challenges of the ICT sector, as well as possible solutions in this regard. Hamad Obaid Al Mansoori, TRA Director-General, delivered the opening speech, highlighting the importance of ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Angolan delegates to discuss mutual economic and trade cooperation led by Manuel Augusto, Minister of External Relations of Angola. During the meeting, the two sides tackled ways to enhance their partnerships in vital industries such as oil and gas, precious metals, agriculture, civil aviation, and telecommunications, economic, ...

Dubai / WAM Dozens of innovations, ranging from agricultural initiatives that empower women and farmers to novel products that could combat desertification or plastic waste, are among the latest to receive a major boost from global social impact programme, Expo Live, run by organisers of the next World Expo, Expo 2020 Dubai. Twenty-six projects from 22 countries have been selected ...

Bloomberg Oil steadied near $71 as OPEC signalled it could fill in any supply gap if renewed US sanctions curtail shipments from Iran, the group’s third-largest producer. Futures in New York were little changed after sliding 0.9 percent. Three members of the Organization of Petroleum Exporting Countries — Saudi Arabia, Kuwait and the United Arab Emirates — together have enough ...

Bloomberg Vivo Energy Plc’s bet on fuel demand growth in Africa has earned it a market value of almost 2 billion pounds ($2.7 billion) in London’s largest initial public offering this year. Backed by the world’s biggest independent oil trader Vitol Group and private-equity firm Helios Investment Partners, Vivo sells fuels and lubricants across the continent from Morocco to Mozambique. ...