Rubio meets UAE president as US-Iran technical talks set to resume next week
Rubio and Sheikh Mohamed reviewed strategic cooperation between the UAE and the US and discussed regional developments, with particular focus...
Geostrategy
GACA and Volar to build UAE’s first Green Aviation Technology Center
Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU)...
Business
Science
UAE astronaut AlNeyadi to join docking port relocation mission
This will be the third port relocation of a Dragon crew spacecraft, following previous relocations during the Crew-1 and Crew-2...
- AlNeyadi will take part in the mission along with NASA astronauts Stephen Bowen and Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev.
- The relocation is supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston and SpaceX in Hawthorne, California.
Business
ADNOC and TotalEnergies sign agreement to export LNG globally
Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for...
- Under the deal, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world.
- "This agreement reflects our commitment to meeting the needs of our customers by offering supply security," said CEO ADNOC Ahmed Alebri.
Business
UAE and Cambodia may eliminate tarrifs, cut non-tariff barriers
The UAE also eyes investment opportunities with Cambodia in logistics and infrastructure, travel and tourism projects, and renewable energy, reports...
- Non-oil trade relations between the two grew to $401 million in 2022, marking a 31 percent rise in comparison to 2021.
- Bilateral FDI between the two touched $3.8 million by 2020, which is likely to increase further with UAE all set to export more
Business
Medical tourists spent $270m in Dubai during 2022: DHA
Awadh Seghayer Al Ketbi, Director-General of the DHA, said Dubai’s ability to provide high-quality patient-centered medical care has accelerated its...
- 39% percent of the medical tourists were from Asian countries, 22% from Europe and the Commonwealth of Independent States.
- The three specialities that saw the highest number of medical tourists were dermatology (31%) dentistry (24%) and gynecology (18%).
Business
Dubai Chamber of Commerce launches six F&B business groups
Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business...
- Fresh food sales are anticipated to grow at a CAGR of 4.9 per cent between 2022 and 2027.
- Retail sales of supermarkets in the UAE are set to rise at a current value CAGR of 4 percent.
Arts & Culture
Dubai is the new destination wedding choice for couples
DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...
- This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings
- Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions
Arts & Culture
DEWA encourages active lifestyle by organizing sporting events
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437...
- DEWA sponsored and hosted three sports tournaments, and participated in several local sports events.
- DEWA’s Sports Committee organized the DEWA Bowling Tournament 2022 and 120 employees participated in the event.
Economy
UAE Council for Environmental and Municipal Work launches Waste-free Schools project
DUBAI, UAE - The UAE Council for Environmental and Municipal Work held its second meeting, chaired by Mariam bint Mohammed...
- The meeting agenda also featured discussions of several key topics, including the environmental indicators of the We The UAE 2031 vision.
- The minister said that the Council explored transformational environmental projects, in line with the new methodology for federal government work.
Science
Minister reiterates UAE’s support for global biodiversity framework at meeting
MONTREAL, CANADA - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the High-Level Segment...
- Almheiri urged other ministers to work together towards achieving the meeting’s objective of adopting the post-2020 global biodiversity framework.
- The minister called for reversing biodiversity loss and realize the 2050 Vision for Biodiversity of a world living in harmony with nature.
Geostrategy
Jordan Army chief, Cyprus defense minister discuss ties
AMMAN, JORDAN - Chairman of the Joint Chiefs of Staff Maj. Gen. Yousef Huneiti received Cyprus Defense Minister Charalambos Petrides...
- Jordan's Chairman of the Joint Chiefs of Staff said Jordan Armed Forces efforts are compatible with global endeavors to combat terrorism.
- Cypriot Defense Minister said there are plans to develop combat capabilities, standardize military concepts of the armed forces of the two countries.
Rubio meets UAE president as US-Iran technical talks set to resume next week
Rubio and Sheikh Mohamed reviewed strategic cooperation between the UAE and the US and discussed regional developments, with particular focus...
Geostrategy
Company News
Latest News
Al Ansari to pay $81m dividend
Business
Qatar’s Industrial Production Index surges 5.5 percent in Jan
Doha, Qatar -- Qatar's Industrial Production index (IPI) in January 2024 reached 108.7 points, an increase of 4 percent compared...
Business
Russia not in danger of trading oil at a loss, says Lavrov
MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...
Business
UAE unveils National Policy on Biofuels aimed at emissions cut
The policy aims carbon emissions reduction through increased consumption of biodiesel by 20 percent by 2050. “It will lower the...
Business
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Business
Al Ansari to pay $81m dividend
This brings the total amount of dividend for 2023 to $162m.
- The approved cash dividend payment is in line with the dividend policy set out in the IPO prospectus.
- The company had reported a net profit of AED495 million for 2023, a decrease of 15.7 per cent year-over-year, from AED595 millon.
Business
ACWA Power refinances Al Dur debt
ACWA was the sole financial advisor to Al Dur Phase II IWPP project company.
- The $1 billion project uses sea water reverse osmosis (SWRO) technology to produce 227,000 cubic meters per day of desalinated water.
- The list of lenders to the project include Ahli United Bank, APICORP, Al Rajhi Bank, Arab National Bank, Banque Saudi Fransi and Gulf International Bank.
Business
EITC to offer fintech services
The company has been licensed for fintech services by the CBUAE.
- The licenses granted by CBUAE enable du to introduce innovative financial solutions that will contribute to the development of an advanced financial ecosystems in the UAE.
- The licenses will also enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era.