News

  DUBAI / WAM Investment Corporation of Dubai (ICD) successfully completed the issuance of a $1 billion 10-year sukuk. The sukuk was well received by regional and international investors and generated orders exceeding $3 billion. The $1billion sukuk will be listed on the Nasdaq Dubai exchange and is the first to be issued from the region in 2017 and the ...

  Dubai / Emirates Business The Ministry of Health and Prevention (MOHAP) announced that the Ministry’s participation this year has had a strong line up of innovative health services launched globally and regionally during its participation at the Arab Health Exhibition & Congress 2017, which was hailed by participants and visitors as a success, revealing the UAE’s excellence and leadership ...

  FUJAIRAH / WAM Khalifa Khamis Mattar Al Kaabi, Board Chairman of the Fujairah Chamber of Commerce and Industry, stressed his organisation’s willingness to support and harness potential of small projects that make important contributions to the national economy, as well as to encouraging youth to engage in private business. He made this statement during a meeting with Abdullah Al ...

  Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD) contributed a US$90 million concessionary loan for the successful completion of a 320 megawatt hydroelectric power plant in eastern Sudan. ADFD officials attended the official opening of the Upper Atbara and Setit Dam Complex plant, which was inaugurated by Sudanese President Omar Hassan Al Bashir. Mohammed Saif Al Suwaidi, ...

  Abu Dhabi / WAM The country’s weather forecaster has said the UAE will experience partially cloudy and dusty conditions on Friday. It will be intermittently cloudy during the day with chances of rainfall in some areas, especially to the north and east, the National Centre of Meteorology and Seismology has predicted. The temperature will fall in most regions, with strong ...

  Dubai / WAM Dubai Municipality is all geared up for the eighth edition of the “Car Free Day,” which will be held on February 5 and will see wide-ranging activities. Eng. Hussain Nasser Lootah, Director-General of Dubai Municipality, said that the initiative would witness the participation of several government, semi-government, and private agencies besides the presence of a number of ...

  Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq) announced the implementation of new and improved security procedures along the Al Khan beach in Sharjah, in a bid to enhance safety levels for visitors and tourists who progressively visit the beach on a frequent basis. The new safety plan aligns with Shurooq’s mission to provide all leisure, ...

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) will build artificial habitats to ensure the sustainability of the marine environment and step up the development of living aquatic resources in the UAE. The ministry on Thursday signed a memorandum of understanding (MoU) in this respect with Delma Marine Industrial Supply and Marine Services Company (Delma Marine). Dr. ...

  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, and His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Thursday discussed ways to strengthen fraternal relations and also reviewed regional and international issues. During the meeting held ...

  Dubai / WAM The 7th edition of the Annual Investment Meeting (AIM) will tap into space technologies. The UAE’s investments in space technologies currently exceeds AED20 billion. Held under the patronage of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, this year’s theme, ‘International Investment, Path to Competitiveness and Development’, will focus ...