Abu Dhabi / WAM The UAE’s non-oil foreign trade recorded a 27% growth in H1 2021 compared to H1 2020, indicating a rapid recovery in the country’s non-oil foreign trade and its return to growth trajectory. This also indicates a 6% growth in the country’s non-oil foreign trade compared to the pre-pandemic level in 2019. According to preliminary data released ...
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FAB joins UAE’s endeavours for net-zero carbon emissions
Abu Dhabi / WAM The First Abu Dhabi Bank (FAB) has announced that it is joining the Net-Zero Banking Alliance (NZBA), becoming the first UAE and GCC bank to join the alliance. As part of this commitment, FAB will enable its clients to transition towards a climate-neutral economy through innovative financing and advisory services. FAB puts sustainability at the core ...
Read More »Golden list project of local industrial products launched in Abu Dhabi
ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project is part of the Abu Dhabi Local Content Programme (ADLC) launched by the Industrial Development Bureau (IDB) to encourage the companies and establishments that ...
Read More »DoE, Khalifa University sign deal on renewables, sustainable technologies
Abu Dhabi / WAM In line with its leading role in developing the energy sector and working on policies and regulations that support sustainable development in the emirate, the Department of Energy in Abu Dhabi (DoE) has signed a Memorandum of Understanding (MoU) with Khalifa University of Science and Technology. The agreement is aimed at strengthening partnerships with the government ...
Read More »Taiwan warns China of strong response over aircraft sorties
Bloomberg Taiwan’s top military leadership warned China that the closer its aircraft and ships get to the island the harder Taipei will respond, raising the stakes for further escalation with Beijing. Taiwan will take tougher measures to fend off Chinese military sorties should they get too close to the Taiwanese mainland, according to a report by the island’s defense ministry ...
Read More »UAE approves AED290b budget for 2022-2026
ABU DHABI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, approved the UAE General Budget for the years 2022- 2026, with total expenditures of AED290 billion and the UAE General Budget for the year 2022, with AED58.931 billion expenditures. The meeting, held ...
Read More »Sheikh Khaled launches AED5b Abu Dhabi IPO Fund
Abu Dhabi / WAM Under the directives of the Supreme Council for Financial and Economic Affairs, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and member of the board of Abu Dhabi Supreme Council for Financial and Economic Affairs, has launched the Abu Dhabi ...
Read More »UAE is the country of choice for Arab youth for 10th straight year
ABU DHABI / WAM Arab youth have named the UAE as the country in the world they would most like to live in and the one they would most like their own nation to emulate for the 10th straight year. This is one of the main findings of the 13th Annual ASDA’A BCW Arab Youth Survey released on Tuesday. This ...
Read More »Enoc opens new service station in Dubai South
Dubai / WAM Enoc Group has announced the opening of a new service station in Dubai South, an urban master development focused on the aviation and logistics ecosystem, in close proximity to the Expo 2020 Dubai site. This takes the total number of Enoc service stations to 156 across the UAE. The new service station will cater to residents and ...
Read More »Zayed University, EDB join hands to boost UAE’s higher education system
Dubai / WAM Zayed University (ZU) has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to empower the new generation of leaders through a unique model of problem-solving academia, where students are equipped with cross-disciplinary skills that are relevant in today’s fast-paced job market. The MoU was signed by Saeed Al Dhaheri, University Council Board Member, Zayed ...
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