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Etihad to mark ADSW 2020 with eco-flight

Abu Dhabi / WAM Etihad Airways will mark Abu Dhabi Sustainability Week 2020 by operating a special eco-flight from Abu Dhabi to Brussels. Departing at 02:20 on Monday, 13th January, 2020, Flight EY 57 will be operated with a Boeing 787 Dreamliner aircraft, the newest and most efficient aircraft in the Etihad fleet, which consumes at least 15 percent less ...

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SteelFab 2020 kicks off today at Expo Centre Sharjah

SHARJAH / WAM The Middle East’s largest steel fabrication event, SteelFab 20020, will kick off its 16th edition today at the Expo Centre Sharjah, bringing together more than 300 professionals and companies representing some of the world’s leading steel and metal manufacturers and suppliers. Some 35 leading countries in the fields of welding and manufacturing of steel and metals are ...

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FAB inks escrow deal with DLD

DUBAI / WAM First Abu Dhabi Bank (FAB) signed an Escrow Agreement with Dubai Land Department (DLD), represented by its Real Estate Regulatory Agency (RERA). The agreement allows the bank to open and manage escrow accounts for Jointly Owned Property (JOP) owners in Dubai. The agreement was signed by Marwan bin Ghalita, CEO of RERA, and Manoj Menon, Senior Managing ...

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Abu Dhabi GDP continues to achieve significant growth

ABU DHABI / WAM The Statistics Centre Abu Dhabi, SCAD, released its annual national accounts report for 2018, in addition to the quarterly reports for the second and third quarters of 2019, where, cumulatively, the results showed a significant increase in Abu Dhabi’s gross domestic product (GDP). The GDP at current prices reached AED932.4 billion in 2018, compared to AED813.6 ...

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DMCC attracts 1,969 new firms to Dubai in 2019

DUBAI / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – registered 1,969 new companies in 2019, a signal of strong investor confidence in Dubai and the Authority’s position as one of the world’s most interconnected business districts. DMCC finished 2019 with the strongest Q4 registrations in four years. A ...

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Abu Dhabi fund grants $105mn for renewable energy projects

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), on Sunday confirmed the allocation of approximately $105 million for eight renewable energy projects under the seventh cycle of its partnership with the International Renewable Energy Agency (Irena). The Irena/ADFD Project Facility announcement marks a record level of funding for any cycle since the Facility was launched and will ...

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Emirates Glass produces $49m worth of products

DUBAI / Emirates Business Emirates Glass, a subsidiary of Dubai Investments PJSC and one of the largest processors of flat architectural glass in the Middle East, announced that it has recorded manufacturing of more than 1,800,000sqm of glass products, valued at over AED 180 million ($49 million) during 2019. Recording a 10% rise in business as compared to the previous year, ...

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AIM 2020 to identify best national champion start-up

Dubai / WAM More than 250 start-ups are expected to participate in the AIM Startup Pitch Competition, which will be held on the sidelines of the 10th edition of the Annual Investment Meeting (AIM 2020), slated to take place at the Dubai World Trade Centre from March 24-26. AIM 2020 will offer start-up exhibitors an opportunity to showcase their businesses ...

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Empower to participate in World Future Energy Summit 2020

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, announced its participation in the thirteenth edition of the World Future Energy Summit 2020, the world’s largest annual conference on renewable and future energy solutions. The summit is being held from January 13-16 at the Abu Dhabi National Exhibition Centre (Adnec). The World Future Energy Summit 2020 is a global industry ...

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