News

Abu Dhabi / WAM Driven by increased buoyancy in non-oil sector, Abu Dhabi’s gross domestic product (GDP) surged by 6.7% in Q2 2017, against the corresponding period last year, according to a Statistics Centre – Abu Dhabi (SCAD) report. The non-oil sector contributed 70.2 percent to the emirate’s GDP during Q2, while the oil-sector accounted for 29.8 percent only, said ...

DUBAI / Reuters Abu Dhabi’s new airport terminal is 86 percent complete and on course to open by the fourth quarter of 2019, the airport operator’s chairman said on Sunday. Local media reported in March the opening of the AED10.8 billion Midfield Terminal at Abu Dhabi International had been pushed back two years to 2019, but did not say by ...

SHARJAH / WAM Sharjah’s plans to boost regional connectivity were high on the agenda at a meeting held recently between Sheikh Khalid bin Issam Al Qassimi, chairman of the emirate’s Department of Civil Aviation (DCAA), and a team from Oxford Business Group (OBG). Sheikh Khalid told OBG that given its firm foundations, the local aviation industry was well placed to ...

ABU DHABI / Emirates Business Leading nuclear energy experts from the International Atomic Energy Agency (IAEA) and senior UAE officials visited the Barakah Nuclear Energy Plant in Abu Dhabi, witnessing the significant progress being made across all four units. The delegation observed all of the key updates to the construction of the units which are being developed to the highest ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Steven Mnuchin, US Secretary of the Treasury, to discuss joint efforts to dry up sources of terrorism financing and take stock of the latest regional and global developments of mutual concern. Mnuchin is ...

Dubai / WAM Under the patronage of Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group His Highness Sheikh Ahmed bin Saeed Al Maktoum inaugurated the first International Road Federation (IRF) Middle East ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that endowment establishments are key partners of the government in community development and play an active role in meeting societies’ needs. Sheikh Mohammed bin Rashid said that endowments are a development tool for communities and it ...

Fujairah / WAM The National Bank of Fujairah (NBF), has been awarded the accolade of ‘Outstanding Employer’ in the Middle East at the Korn Ferry Employee Engagement Awards. The award reflects the increased levels of engagement achieved over the last 7 years, which have led to improvements in the bank’s customer service and financial performance. NBF’s CEO, Vince Cook, said, ...

Abu Dhabi / WAM Three Emirati students are being trained to support the UAE’s goal of unlocking the secrets to Mars, via a United Arab Emirates University (UAEU), project designed to provide greater insight into the Red Planet. The UAE Space Agency plans to send a probe, ‘Al Amal’ or ‘Hope’, to the Earth’s neighbouring planet, with the aim of ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, will lead a line-up of federal and state ministers from India and UAE at the inaugural two-day India-UAE Partnership Summit (IUPS), on October 30-31, at the Armani Hotel, Burj Khalifa, Dubai. Mohammed Sharaf Al Hashemi, Assistant Minister ...