News

Abu Dhabi / WAM More than $15 billion worth of projects and funding was announced at the World Future Energy Summit (WFES) and its co-located events, the International Water Summit and EcoWASTE Exhibition, which took place during Abu Dhabi Sustainability Week 2018, hosted by Masdar. The deals, which combined a number of local, regional and international agreements, strengthen the UAE’s ...

DUBAI / WAM A twenty-one percent increase in Chinese arrivals to the GCC is expected by 2021, rising to 2.5 million visitors annually, according to data released ahead of Arabian Travel Market (ATM) 2018, which takes place at the Dubai World Trade Centre in April. Published by Colliers International, the data predicts Saudi will experience the highest proportionate increase in ...

DUBAI / Agencies Dubai-based ports operator DP World and India’s National Investment and Infrastructure Fund (NIIF), a quasi sovereign wealth fund, said on Monday they had created a fund to invest up to $3 billion of equity in the transport and logistics sectors in India. The money will target acquiring assets and developing projects in sea and river ports, freight ...

Bloomberg Abu Dhabi’s government oil producer received bids in the fourth quarter from international energy companies seeking stakes in offshore fields that pump about 25 percent of the Persian Gulf emirate’s crude. Abu Dhabi National Oil Co. is reviewing commercial bids from the companies it will choose from to help develop the deposits in a new joint venture, Adnoc said ...

Abu Dhabi / WAM Mohammed Thani Murshed Al Rumaithi, Chairman of the UAE Federation of Chambers of Commerce and Industry and Chairman of the Abu Dhabi Chamber of Commerce and Industry, and Husin Bagis, Ambassador of Indonesia to the UAE, discussed ways of promoting cooperation ties in investment and tourism sectors. Al Rumaithi praised the level of economic cooperation between ...

DUBAI / WAM The Roads and Transport Authority (RTA) and the Sustainable City Project have signed a Memorandum of Understanding (MoU) for the operation of autonomous vehicles within the facilities of the project situated in Dubai Land, Al Qudra Road, starting from February. The step stems from the keenness of both parties to support Dubai Government strategy of converting 25% ...

AL AIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday patronised the graduation ceremony of the 42nd batch of cadet officers of Zayed II Military College in Al Ain. The ceremony began upon the arrival of His Highness Sheikh Mohammed bin Rashid at the college ...

Dubai / WAM The UAE occupied the first regional position and the 17th international position on the Global Talent Competitiveness Index (GTCI), according to the 2018 publication issued by the Business School for the World (INSEAD), in France. The report is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent, providing a unique resource for ...

ABU DHABI / Emirates Business A delegation from the Abu Dhabi International Boat Show (ADIBS) managed by Abu Dhabi National Exhibitions Company (ADNEC) attended Boot Düsseldorf, one of the largest premier marine shows for yachting, watersports and fishing currently underway in Düsseldorf, Germany. The ADIBS team’s participation, alongside partners British Marine and Superyacht UK, is aimed at increasing awareness of ...

Abu Dhabi / Emirates Business Obaid Humaid Al Tayer, Minister of State for Finance and Chairman of the Board of Directors of Emirates Development Bank (EDB), announces the launch of financing products for small and medium-sized enterprises (SMEs), owned and operated by UAE nationals, in support of the economic and social development, taking place in the United Arab Emirates. Approximately ...