December, 2024

• 4 December

  Empower starts operations of JBH district cooling plant

  

  DUBAI/WAM Emirates Central Cooling Systems Corporation (Empower) has announced the commencement of operations of the first phase of its new district cooling plant in Jumeirah Beach Hills (JBH). Empower revealed that the plant’s total production capacity is set to reach 48,000 refrigeration tons (RT) upon the completion of all phases. This impressive output will serve the Jumeirah area, internationally acclaimed as ...

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• 4 December

  ADIO announces tender for events arenas in Abu Dhabi

  ABU DHABI/WAM The Abu Dhabi Investment Office (ADIO), in partnership with the Department of Municipalities and Transport (DMT), has announced a tender for a new Musataha project to design, build, maintain and operate premier events arenas in Madinat Al Riyadh and Madinat Zayed. The initiative is part of Abu Dhabi’s vision for sustainable urban development, fostering vibrant community engagement through ...

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• 4 December

  UAE ranks among world’s most prosperous societies: GCC-Stat

  

  MUSCAT/WAM The Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) stated that the UAE is a global hub for the new economy, boasting an active and highly competitive economy, flexible and productive human capital, and an advanced innovation-driven environment shaping the future. The UAE has emerged as one of the world’s most prosperous societies, ...

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• 4 December

  DIFC opens 2nd Future Sustainability Forum

  

  DUBAI/WAM Dubai International Financial Centre (DIFC), on Wednesday welcomed more than 3,000 industry leaders, government officials, and sustainability experts to the 2nd Future Sustainability Forum 2024. The event convened global experts to ideate, collaborate and inspire with insights, to accelerate the global transition towards a low-carbon, climate-resilient future, and showcase the UAE’s sustainable practices, specifically in the financial environment. The ...

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• 4 December

  MoFA, ADMAF renew commitment to bolster UAE’s cultural diplomacy

  

  ABU DHABI/WAM The Ministry of Foreign Affairs (MoFA) and the Abu Dhabi Music & Arts Foundation (ADMAF) have reaffirmed their commitment to cultural diplomacy by signing a renewed memorandum of understanding (MoU) on Wednesday. Noura Al Kaabi, Minister of State at the Ministry of Foreign Affairs, and Huda Al Khamis-Kanoo, Founder of ADMAF and Artistic Director of the Abu Dhabi ...

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• 4 December

  Masdar City Free Zone unveils tailored business packages

  

  ABU DHABI/WAM Masdar City, Abu Dhabi’s pioneering sustainable urban community and free zone, has introduced two new tailored business packages—Start Lite and Business One. These initiatives aim to attract a diverse array of companies, streamline the business setup process, and support Abu Dhabi’s Vision 2030 in fostering a resilient, innovation-driven economy. Abu Dhabi Business Week, hosted by the Abu Dhabi ...

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• 4 December

  ADAA upgrades Internal Audit Platform by applying innovative technology solutions

  

  ABU DHABI / AD MEDIA OFFICE Abu Dhabi Accountability Authority (ADAA) has upgraded its Internal Audit Platform. These include an innovative classification approach for internal audit units, as well as advanced technological improvements, aimed at streamlining the platform’s usability, facilitating data and document uploads, and providing guidance through a Knowledge Hub to support internal audit practices. The Internal Audit Platform ...

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• 4 December

  Sharjah Ruler approves general organisational structure of SDAD

  

  SHARJAH / WAM His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree approving the general organisational structure of the Sharjah Districts Affairs Department (SDAD). The decree approves the general organisational structure for the Sharjah Districts Affairs Department as outlined in the attached decree. It further authorises the Sharjah ...

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• 4 December

  Gross banks’ assets reach AED4378.0b by August: CBUAE

  

  ABU DHABI/WAM The Central Bank of the UAE (CBUAE) announced that gross banks’ assets, including bankers’ acceptances, increased by 0.7% from AED4,348.6 billion at the end of July 2024 to AED4,378.0 billion at the end of August 2024. In its Monetary and Banking Developments for August 2024, the Central Bank said that gross credit increased by 0.5% from AED2,102.1 billion ...

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• 4 December

  Dubai Chambers, HSBC to support companies’ local, global expansion

  

  DUBAI/WAM Dubai Chambers has signed a memorandum of understanding (MoU) with HSBC Bank Middle East Limited to support the expansion of local companies into global markets and enhance the ability of international companies to establish and grow their businesses in Dubai. Under the terms of the MoU, the two parties will collaborate to explore banking services for international companies establishing ...

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