July, 2019

• 9 July

  Deal for Northern Emirates’ largest desalination plant inked

  

  DUBAI / WAM The Federal Electricity and Water Authority (Fewa), a consortium consisting of Acwa Power and MDC Power Holding Company, an entity fully owned by Mubadala Investment Company, has entered into a water purchase agreement for a 150 million imperial gallon per day desalination plant in the Emirate of Umm Al Qaiwain (UAQ). The plant will utilise Seawater Reverse ...

  Read More »
• 9 July

  Enoc expands retail footprint with new Fujairah station

  

  Dubai / Emirates Business Enoc Group opened a new service station in Fujairah in line with its plans to expand its network to 191 stations in the UAE by end-2020. The Al Faseel service station will be Enoc’s ninth station in Fujairah since the first station in the emirate in 1989. The station caters to a large community in Al ...

  Read More »
• 9 July

  Cosco Abu Dhabi a gateway for ‘Belt and Road’ trade, investment

  

  Abu Dhabi / WAM Since the launch of its trial operations in April this year, the CSP Abu Dhabi Port Container Terminal (Cosco), has already gained great strides in its bid to drive investment growth and economic divers-ification aligned with Abu Dhabi Economic Vision 2030. The trade and investment journey began on September 2016, when China’s Cosco Shipping Ports Ltd ...

  Read More »
• 9 July

  Dubai Airports launches real-time monitoring system

  

  Dubai / WAM Dubai Airports has launched a high-tech system that monitors airport operations in real-time and visualises traffic flows to support consistently smooth operations at Dubai International (DXB). The cloud-based platform, titled ‘realtimeDXB’, gathers data generated by more than 50 operational systems, including those of Dubai Airports and its many service partners. It uses this information to keep all ...

  Read More »
• 9 July

  Deal signed to manage, service OA accounts

  DUBAI / WAM Dubai, Dubai Land Department (DLD), represented by its regulatory arm Real Estate Regulatory Agency (Rera) signed an MoU with United Bank Limited (UBL UAE) to manage and service owners’ associations (OA) accounts. Marwan bin Ghalita, CEO of Rera, and Syed Asghar Hussain, Head of Operations at UBL, signed MoU, through which Rera agrees to authorise UBL to ...

  Read More »
• 9 July

  Sharjah, Sri Lanka discuss trade, investment ties

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) organised UAE Sri Lanka Forum to discuss areas of cooperation in trade, investment and tou- rism, and highlight the investment opportunities available in both countries. Held at the SCCI’s headquarters, the event was part of the chamber’s strategy aimed at strengthening economic cooperation with promising countries and boosting relationships ...

  Read More »
• 9 July

  Dubai Chamber, DP World sign pact on Digital Silk Road initiative

  

  DUBAI / WAM Dubai Chamber of Commerce and Industry announced that it has signed a memorandum of understanding (MoU) with DP World — UAE Region, to collaborate on the Digital Silk Road, a Dubai 10X initiative which is expected to be launched by 2020. The Digital Silk Road is a smart digital platform which utilises blockchain technology to increase the ...

  Read More »
• 9 July

  RTA, FTA and Etihad Rail review railways legislation

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), Federal Transport Authority — Land and Maritime (FTA), and Etihad Rail discussed the existing cooperation between the three entities and the federal legislation regulating rail networks in the UAE. At a coordinative meeting held RTA headquarters, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, Ahmed ...

  Read More »
• 9 July

  UAE committed to creating future of global industry

  

  YEKATERINBURG / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, highlighted the UAE’s commitment to creating the future of global industry and achieving sustainable development. In his speech during the launch of the second edition of the Global Manufacturing and Industrialisation Summit (GMIS), held in the Russian city of Yekaterinburg, Al Mazrouei said that the ...

  Read More »
• 9 July

  India’s Adani doubles down on ‘controversial’ coal mine

  

  Bloomberg The Indian billionaire behind the controversial Carmichael coal mine in Australia is hitting back at criticism the endeavor will be both unprofitable and too dirty. In an interview in New Delhi, Gautam Adani took aim at two major faults opponents have flung at the development: that the mine’s low-quality coal won’t earn enough money to justify his $2 billion ...

  Read More »