Dubai / WAM Dubai recorded AED551 billion worth of non-oil external trade in the first half of 2020. The emirate’s ability to minimise the impact of the pandemic-induced global economic slowdown on its trading sector reflects its exceptional logistics infrastructure, which enabled it to maintain uninterrupted trade flows and a streamlined supply chain. Imports accounted for AED320 billion, exports AED77 ...

Abu Dhabi / WAM The total value of fund transfers among the UAE’s banks amounted to AED6.307 trillion during the first eight months of this year, according to the statistics released by the central bank of the UAE. The bank fund transfers during the reference period hit AED4.051 trillion, while individual transfers stood at AED2.255 trillion. The transactions are made ...

ABU DHABI / WAM Masdar has announced the signing of an agreement with Miral, Abu Dhabi’s leading curator of experiences, to develop Abu Dhabi’s largest rooftop solar photovoltaic (PV) project to date at Warner Bros. World Abu Dhabi on Yas Island. The agreement aims to provide an estimated 16,000 solar modules across the theme park’s roof area of 36,000 square ...