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Dubai set to record 3.1% economic growth in 2021

DUBAI / WAM Dubai’s Department of Economic Development (Dubai Economy) on Tuesday announced its latest economic outlook according to which it expects the emirate to record a growth of 3.1 percent this year. Spurred by the hosting of Expo 2020, Dubai’s growth is projected to accelerate to 3.4 percent in 2022. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...

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Masdar City start-up launches thermal energy storage product

ABU DHABI / WAM Masdar City-based Seramic Materials, a start-up company supported by accelerator The Catalyst, has developed a unique patented solution to recycle industrial solid waste into a high-temperature thermal energy storage (TES) product — a circular economy solution that both reduces wastage and promotes renewable energy development. The innovative product called, ReThink Seramic — Flora, can store heat ...

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Abu Dhabi, Netherlands to boost trade, investment ties

ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry, has received Lody Embrechts, Ambassador of the Netherlands to the UAE, and the accompanying delegation, at the Chamber’s headquarters in Abu Dhabi. The sides shared their views concerning a number of economic developments and discussed boosting trade and investment relations between the two ...

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