News

  Geneva / AFP The World Trade Organization on Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal between the European Union and United States battle stiff opposition and as Britain’s EU exit causes ...

  Abu Dhabi / WAM The Abu Dhabi-Sino Investment Forum, organised by the Abu Dhabi Department of Economic Development (ADDED) at Crown Plaza Hotel in Abu Dhabi on Tuesday, attracted more than 250 businessmen and investors. The event was also attended by Sheikh Nahyan bin Hamdan bin Mohammed and Chinese officials. The Acting Under-Secretary of the ADDED, Khalifa bin Salem Al ...

  SHARJAH / WAM Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, HFZA, and Sharjah Airport International Free Zone, SAIF Zone, recently inaugurated a US$100 million petroleum storage terminal for Sharafco Group at the Hamriyah Free Zone. With 16 storage tanks, the new facility has a capacity to store 80,000 cubic metres of oil. It is equipped with ...

  DUBAI / WAM The Ministry of Climate Change and Environment will sponsor the Sustainable Agriculture Container, a project developed by the second batch of the Carbon Ambassadors Programme, the Dubai Electricity and Water Authority (DEWA) has announced. The project aims to transform used service containers into sustainable agricultural containers, to spread environmental awareness, and encourage people to adopt an ...

  ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M1, increased by 0.7%, from AED469.8 billion at the end of July 2016 to AED473.3 billion at the end of August 2016. The Money Supply aggregate M2, decreased by 0.6%, from AED1191.2 billion at the end of July 2016 to AED1183.9 billion at the ...

  DUBAI / WAM HE Sultan bin Saeed Al Mansouri, Minister of Economy, and New Zealand’s Trade Minister Todd McClay discussed ways to enhance co-operation and economic relations between the two countries, especially in renewable energy, agriculture, food and innovation fields. A special trade delegation from New Zealand was accompanying McClay. The meeting was attended by senior officials including Mohammed ...

  Dubai / WAM Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No. (49) of 2016, regarding the regulation of pay-by-the-hour car rental activity in Dubai. The resolution aims to provide alternative low-cost public transportation solutions that meet the needs of people in Dubai. As ...

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry received a delegation from the Republic of Argentina and discussed ways to strengthen cooperation in the fields of renewable energy, oil, gas, chemicals and the food industry, and in a variety of areas of common interest. The meeting was attended by Dr. Mubarak Al-Ameri, Board Member at the ...

  Dubai / WAM The Mohammed Bin Rashid Al Maktoum Award for World Peace (MRAWP) and Dubai World Icon have signed a strategic agreement with the aim of enhancing co-operation between the two parties. Brigadier Ahmed Al Mansouri, Secretary-General of the MRAWP, and Ahmed Trabilsi, Project Manager at Dubai World Icon, inked the agreement, which intends to boost the co-operation between ...

Sharjah / WAM Sharjah has secured a distinct economic and investment reputation, emerging as a key engine of growth and an attractive economic destination not only in the UAE, but in the region as a whole. The emirate today hosts more than 16 percent of the total small and medium enterprises in the country, exceeding 45,000 in number, said Sheikha Bodour ...