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 …