News

Dubai closes $2.45bn project financing for metro extension

DUBAI / Reuters The government of Dubai has completed a project financing worth about $2.45 billion for the extension of the city’s metro rail system, Dubai’s Department of Finance said on Wednesday. The project envisages a 15 kilometre (9 mile) extension of the Dubai Metro’s Red Line, from Nakheel Harbour and Tower station up to the site of the World ...

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VP issues new law to boost DIFC

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has enacted two new laws that aim to improve and expand the Dubai International Financial Centre (DIFC’s) already successful private wealth management and succession planning platforms. Both the Trust Law and Foundations ...

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Arab Reading Challenge goes global

Dubai / WAM Qualifiers for the Arab Reading Challenge (ARC), will begin on March 25. Arab students in Arab and foreign countries were invited to participate in this round of the competition, and will start the process of qualifying for the finals. Students from 44 countries, including 14 Arab and 30 non-Arab countries, are participating in the third round of ...

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Mother of the Nation Festival begins today

Abu Dhabi / WAM One of the most highly-anticipated events in the country’s entertainment and community calendar, the Mother of the Nation Festival will open on Thursday, and will run until March 31. Taking place at the Abu Dhabi Corniche, the third edition of the annual event, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu ...

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Khalifa Fund to promote entrepreneurial culture among Emirati talent

Abu Dhabi / WAM Under the patronage of HH Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, Honorary Chairman of the University Leadership Consortium (ULC), and BUNYAN Initiative for the Capacity-Building of the Youth, the Khalifa Fund for Enterprise Development signed a strategic agreement with ULC, a capacity-building and entrepreneurship hub, in Abu Dhabi on Wednesday. The pact is ...

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GWU marks Mother’s Day

Abu Dhabi / WAM Noura Al Suwaidi, Director of the General Women’s Union (GWU), congratulated HH Sheikha Fatima bint Mubarak, Chairwoman of the GWU, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, on the occasion of Mother’s Day celebrated on March 21. In a statement during a GWU ceremony marking the ...

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Empower saves 295mn gallons of potable water

Dubai / WAM Marking the World Water Day on Thursday, the Emirates Central Cooling Systems Corporation, Empower, announced that it has saved 295 million gallons of potable water in the previous year, equivalent to 537 Olympic-sized swimming pools. World Water Day is a global event that plays an important role in drawing attention to the importance of preserving water. It ...

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ADU, KG break world record for largest notebook mosaic logo

Abu Dhabi / WAM Abu Dhabi University (ADU), and Knowledge Group (KG), have entered the Guinness World Records for creating the largest notebook mosaic logo in celebration of the Year of Zayed. The record-breaking initiative also coincides with UAE National Month of Reading that is annually marked in March. ADU received the recognition for its record-breaking effort – one of several ...

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ADNEC, Abu Dhabi Ports to launch international boat show

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC), has signed a strategic sponsorship agreement with Abu Dhabi Ports to launch the Abu Dhabi International Boat Show (ADIBS, 2018), which will be held from October 17-20, in association with British Marine, the membership organisation for the UK leisure, superyacht and small commercial marine industry. The agreement aims to ...

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Abu Dhabi Ports, Russian economic council sign deal to boost trade ties

Dubai / WAM Abu Dhabi Ports and the Russian Trade and Economic Development Council (RTEDC), signed a Memorandum of Understanding (MoU) to strengthen trade links between the UAE and Russia and further stimulate economic cooperation between companies from both countries. The MoU will increase awareness amongst Russian companies about investing in Khalifa Industrial Zone Abu Dhabi (KIZAD), and Khalifa Port ...

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