Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad group), the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi. Under the terms of the agreement, ...
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UAE leaders condole Indian PM over mother’s death
Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to Narendra Modi, Prime Minister of India, over the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar cable of condolences to ...
Read More »Dubai records AED9.6b in week-long realty deals
Dubai / WAM A total of 2,790 real estate transactions worth AED9.6 billion were conducted during the week ending December 30, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for AED 1.39 billion, while 2,071 apartments and villas were purchased for AED 5.64 billion. The top three transactions ...
Read More »Oil set for yearly gain as investors look ahead to China rebound in ’23
Bloomberg Oil is set to end a volatile year modestly higher as investors look ahead to a potential rebound in Chinese demand next year and brace for the possibility that less Russian crude will make it to buyers. West Texas Intermediate futures edged lower near $78 a barrel in the final session of 2022 and are up about 4% ...
Read More »Huawei expects 2022 revenue at over $91.5b
SHENZHEN / WAM Chinese tech giant Huawei expects its revenue for 2022 to reach 636.9 billion yuan (about $91.59 billion), according to the company’s rotating chairman Eric Xu. Chinese news agency, Xinhua, quoted Xu as saying that the performance was in line with the forecast; a statement he made during the company’s annual New Year’s message on Friday. Over ...
Read More »UAE’s first mobile BSL-3 lab launched
Abu Dhabi / WAM Abu Dhabi Public Health Centre (ADPHC) has introduced the UAE’s first mobile BSL-3 (Biosafety level 3) laboratory in Abu Dhabi. Equipped to handle highly infectious disease agents, (Crimean-Congo haemorrhagic fever, Yellow fever, and more) the BSL-3 mobile laboratory will enhance the emirate’s infectious disease preparedness through swift, safe and accurate testing of communicable diseases. Matar ...
Read More »Dubai Courts, Moro Hub to boost collaboration in cyber security
Dubai / WAM Dubai Courts signed a memorandum of understanding with Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity. Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat ...
Read More »Sharjah Ruler announces additional monthly grant for 1,000 retired Emiratis
Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, announced the provision of additional monthly grants as a gift to Sharjah citizens who have retired from federal entities and other institutions within the Emirates, to be deposited in their bank accounts beginning in January 2023, to ensure a decent ...
Read More »Jawhara Jewellery hands over valuable gold prizes for first four winners during DSF
Dubai / Gulf Time Jawhara Jewellery, the leading Emirati brand in the world of gold and jewellery, continues its promotional campaign, which it launched in all its stores, during the Dubai Shopping Festival (DSF), in cooperation with the Dubai Gold and Jewellery Group, by announcing the names of four lucky winners with the its first raffle draw prizes on ...
Read More »Abu Dhabi’s EAD issues AED328,000 in fines
Abu Dhabi / WAM The Environment Agency — Abu Dhabi (EAD) has imposed 32 administrative fines, totalling AED328,000, since the implementation of the decision issued last April by HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Board of Directors of EAD, regarding the list of administrative fines for violating the ...
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