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UAE, Japan non-oil trade hits $130.8b in 10 years

ABU DHABI / WAM According to statistics from the Ministry of Economy, the total value of non-oil trade between the UAE and Japan reached AED481.34 billion or $130.8 billion over the past ten years from 2009 to 2019. These statistics highlight the growing trade and economic relations between the two countries, with the value of their overall trade in the ...

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DP World wins 6th ruling in Djibouti port dispute

DUBAI / WAM DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages. An independent expert ...

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World’s first commercial-scale indoor tomato farm to open in Abu Dhabi

Abu Dhabi / WAM The world’s first commercial-scale indoor tomato farm using only LED lights to grow fresh tomatoes will begin operation in Abu Dhabi later this year, as part of Madar Farms’ investment in a new multi-million-dirham farming facility. Announced during Abu Dhabi Sustainability Week, UAE-based Madar Farms has partnered with Certhon, Inno-3B, and Signify to operate the 5,000 ...

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