ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), issued the District Cooling Regulations and the District Cooling Applicability Regulations, recently approved by the Abu Dhabi Executive Council. The Abu Dhabi Government is thus the first in the Middle East and North Africa region to set up a complete integrated system for district cooling. This, in turn, reflects ...

ABU DHABI / WAM The manufacturing sector’s contribution to the UAE’s non-oil gross domestic product (GDP) grew 2.5 percent to AED122 billion ($33.21 billion) in real prices in 2018 from AED119.7 billion in 2017, according to figures revealed by the Federal Competitiveness and Statistics Authority. Being a mainstay to a diversified economy, the sector has maintained its steady growth over ...

ABU DHABI / WAM UAE-based banks received AED21 billion in commission income in 2018, with national banks getting 82.8 percent thereof, i.e. AED17.4 billion, according to statistics revealed by the Central Bank of the UAE. The foreign banks’ commission income amounted to AED3.4 billion, with the remaining amount claimed by branches of Gulf banks operating in the country. It’s noteworthy ...