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UAE draws AED111.7 billion of FDI flows in three years

ABU DHABI / WAM The United Arab Emirates drew up to AED111.7 billion in FDI flows during the period from 2016 through 2018, bringing its overall volume of foreign investments to circa AED511 billion. According to the World Investment Report 2019, released by the United Nations Conference on Trade and Development, the UAE ranked 27th globally in attracting FDI flows ...

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Sanad Aerotech grows global footprint with Europe pacts

ABU DHABI / WAM Abu Dhabi-based maintenance, repair and overhaul (MRO) provider, Sanad Aerotech, has announced its expanding its international customers network in Eastern Europe, signing two maintenance agreements with Russian Nordwind and Bulgarian BH Air. The partnership agreements come after Sanad Aerotech and Rolls-Royce announced a landmark $6.5 billion engine maintenance agreement including component repair to operators globally over ...

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Japan seeks to deepen defence ties with UAE

ABU DHABI / WAM Japan is drastically reforming its defence organisations to deal with new combat situations that require a combination of conventional warfare and the new domains of space, cyberspace and the electromagnetic spectrum, a top Japanese defence official told the Emirates News Agency (WAM) on Monday. There is potential for further defence cooperation with UAE in such new ...

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Ajman’s China Mall records 1m shoppers in Q1

Ajman / Emirates Business One million people visited Ajman’s China Mall (Gulf Chinese Trading Corporation) during first quarter of 2019, and the Mall continues to thrive with a 90% occupancy rate. 10% visitors were tourists, with the remainder coming from the emirate itself or the neighbouring emirates. Affordable prices, choice of products and a convenient shopping experience all contributed to ...

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Dubai to provide clean water to 1mn people worldwide

Dubai / WAM The ‘Well of Hope’ campaign will provide clean water to over one million people in disadvantaged communities as 21 participating entities across the UAE pledged to dig 150 wells in 34 countries. The initiative is part of the 20-day humanitarian competition, the first of its kind in the region, launched earlier by His Highness Sheikh Mohammed bin ...

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Steel, construction industries to continue powering regional development: Experts

Abu Dhabi / WAM Held for the first time in the Middle East region, the Constructsteel Conference 2019 kicked-off on Tuesday in Dubai. The event, sponsored by Emirates Steel and organised by the World Steel Association, worldsteel, saw attendees discuss the future of market segments and disruptors in the construction industry. Held under the theme of ‘The Future of Steel ...

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Dubai Customs takes part in Azerbaijan conference

Dubai / WAM Dubai Customs took an active part in the WCO IT/TI Conference and Exhibition in the Azerbaijani capital, Baku. Ahmed Mahboob Musabih, Director-General of Dubai Customs headed the delegation to the conference which took place under the theme “New technologies for SMART borders – New opportunities for Trade, Travel, and Transport” and explored implications of the digital world ...

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