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Saif Zone secures its position as major investment hub in region

  Sharjah / WAM The Sharjah Airport International Free Zone Authority (Saif Zone) has achieved a series of tremendous successes during 2021, strengthening its position as a major hub for trade, industry, and logistics services in the region. The directives and vision of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the main ...

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Dewa completes 54.23% of ‘water pipeline’ project

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 54.23 percent of the extension of several key water transmission pipelines in Dubai with a cost of about AED60 million spanning over 22 kilometres with a diameter of 1200mm. The project location runs from Al Quoz Industrial Fourth to Al Thanyah Fifth, alongside Al Khail Road in Dubai. ...

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Saif Zone ends 2021 with significant achievements

  Sharjah / WAM The Sharjah Airport International Free Zone Authority (Saif Zone) has achieved a series of tremendous successes during 2021, strengthening its position as a major hub for trade, industry, and logistics services in the region. The directives and vision of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the main ...

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Dubai Academic Health Corporation outlines strategic priorities

  Dubai / WAM The Dubai Academic Health Corporation held its fourth Board of Directors meeting to discuss its strategic plans, priorities and future goals. The meeting, chaired by HH Sheikh Ahmed bin Saeed Al Maktoum in the presence of Vice Chairman HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, was held at the Al Jalila Foundation. The board ...

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UAE takes part in Cairo International Book Fair

  Abu Dhabi / WAM A delegation from the Ministry of Culture and Youth is attending the 53rd edition of the Cairo International Book Fair which is running under the theme ‘Egypt’s Identity – Culture & the Question of the Future’. The book fair will run until February 7 in Cairo under the patronage of Abdel Fattah El Sisi, President ...

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UAE sees 1,014 new recoveries from Covid-19

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 459,244 additional Covid-19 tests over past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

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Malabar Gold & Diamonds opens 9 new showrooms

  Dubai / Gulf Time Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 280 outlets spread across 10 countries, inaugurated nine new showrooms across UAE and India. Amongst the six showrooms opened in the UAE, 3 are in the new Dubai Gold Souq extension project, 1 each in City Centre ...

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NTPC profit up 25% as demand for electricity soars in India

  Bloomberg NTPC Ltd, India’s largest power producer, posted a 25% jump in quarterly profit as demand for electricity soared in one of the world’s fastest-growing economies. Profits increased to 41.3 billion rupees ($551 million) in the three months through December, compared with 33.2 billion rupees a year ago, the state-run company said in a stock-exchange filing. Profits surpassed an ...

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UK’s Octopus Energy faces $134m hit

  Bloomberg Octopus Energy Ltd. warned record energy prices will result in a 100 million-pound ($134 million) hit to the UK power supplier’s bottom line this financial year, according to a Financial Times report. Soaring wholesale electricity and gas prices have put 25 U.K. utilities out of business in the last six months. A regulatory cap on the amounts suppliers ...

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