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Abu Dhabi / WAM Signalling growing investor confidence in the country, a total of 32,256 business licenses were issued in the UAE over the first eight months of the year, bringing to 572,615 the total number of business permits in the country, a growth of 6 pc from 540,359 by the end of December. The significant increase in business licenses ...

Bloomberg Saudi Arabia has awarded to two Saudi firms contracts to build worker housing for its futuristic mega-city called Neom, as plans for the $500 billion project move forward. Tamimi Group and Saudi Arabian Trading & Construction Co. won contracts to finance, build and operate three residential areas with capacity to house 30,000 people, Neom said in a statement on ...

Bloomberg China is exploring ambitious new plans for the future of its car industry, weighing a target for 60% of all automobiles sold in the country to run on electric motors by 2035, according to people familiar with the matter. China’s Ministry of Industry and Information Technology is spearheading the government’s latest auto industry plans for 2021 through 2035, said ...

Bloomberg The United Nations International Court of Justice granted Kenya’s request to postpone a hearing of a territorial dispute with Somalia, less than a week before it was scheduled to begin. The hearing will now start on November 4. Kenya had requested that it be delayed for a year as it recruits a new defense team. The neighbours claim ownership ...

DUBAI / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that 80% construction work has been completed of its new plant at Jumeirah Village, which is the world’s first unmanned and fully-automated district cooling plant. Upon completion, the plant will have a total capacity of 50,000 Refrigeration Tons (RT). This is part ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), on Sunday hosted the preparatory meeting of the seventh round of the UAE-Kazakhstan Joint Committee. The meeting was headed by Dr Mohammed Al Jaber, UAE Ambassador in Kazakhstan, and Madiyar Menilbekov, Kazakhstani Ambassador to the UAE. At the meeting, Al Jaber conveyed the greetings of the UAE’s ...

ABU DHABI / WAM Aldar Properties on Sunday launched its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED722 million community features 306 infrastructure enabled land plots open to buyers of all nationalities. This is the first land plot development to be launched on Saadiyat Island since the introduction of new laws enabling foreign buyers ...

ABU DHABI / WAM Etihad Airways, the UAE’s national airline, and SIXT, an international mobility service provider, have announced a new partnership to provide airport transfers to passengers globally. Customers can now book the extra transfer service online for their flight via etihad.com immediately after purchasing their airline ticket or even up to one hour in advance. The new service ...

Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA), announced that it is aiming to attract more Russian visitors this year as an increasing number of tourists from the country continue to flock to the emirate to experience first-hand its world-renowned hospitality and unique cultural heritage. According to the 2018 figures released by SCTDA, Russian visitors, ranked second on ...

ABU DHABI / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and President of the Abu Dhabi Sports Council, praised the success of the Ultimate Fighting Championship (UFC), mixed martial arts championship hosted by Abu Dhabi. He also praised the support of ...