ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma) developed its eighth national energy efficiency programme, the TV Efficiency Project, which is expected to reduce the cost of electricity bills by some 50 percent, as well as reduce government subsidies for electricity generation costs, as part of the UAE Green Growth Strategy. The UAE Cabinet has approved ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Sunday received the credentials of several foreign ambassadors to the UAE at the Presidential Palace in Abu Dhabi. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, was also present. His Highness received the ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Pat Breen, Minister of Trade, Employment, Business, as well as European Union (EU), Digital Market and Data Protection of Ireland, discussed ways of reinforcing economic and commercial cooperation between the UAE and Ireland. The meeting, which took place in Dubai on the sidelines of the 9th Emirati ...

SHARJAH / WAM United Arab Bank (UAB), reported its financial results for the 12 months ended on December 31, 2018. UAB reported a net profit of AED77 million in 2018 which represents an increase of 345 percent compared to 2017 as the successful execution of its Transformation Strategy paved the way for a return to sustainable profitability. UAB embarked on ...

Dubai / Emirates Business The Dubai Airport Freezone Authority (Dafza) announced that its 2019 budget has increased significantly to AED 1 billion. This increase is a reflection of Dafza unwavering commitment to continuously increase its contribution to Dubai trade. Dafza’s investment in new expansion projects is estimated to be around AED 780 million representing 78% which comes in support to ...

Dubai / WAM Dubai Municipality has begun building 50 playgrounds and squares for children in residential areas throughout the city. The project, carried out under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, is a result of his keenness to provide residents with healthy lifestyles, ...

Abu Dhabi / WAM The UAE General Civil Aviation Authority (GCAA), announced the resumption of flights to Pakistan and allowed airlines registered in the UAE to resume flights to Quetta International Airport and Allama Iqbal International Airport in Lahore. The move, GCAA said, follows the positive developments in Pakistan.

Dubai / Emirates Business The 27th edition of the Dubai International Boat Show (DIBS), came to an end, with many exhibitors reporting strong sales – including debut deals for the world’s first “flying” yacht, born and developed right here in the UAE. ENATA’s Foiler – which mimics the sensation of flying through its unique design – was one of the ...

Abu Dhabi / WAM The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, was named “Best Islamic Bank in the Middle East” and “Best Islamic Bank in the UAE” at the EMEA Finance Middle East Banking Awards 2019. The recognition highlights ADIB’s record of delivering innovative Sharia’a compliant products to its customers, while consistently providing high-quality personalised services, both ...

Bloomberg What started as a strategic oil storage for South Africa during apartheid is now gearing up to attract the biggest traders as it turns into a global center for crude. A venture building a dozen new interconnected tanks on Africa’s southern tip will add to neighbouring government-owned capacity, making it one of the world’s biggest hubs. They are on ...