DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
Business
UAE opens field hospital in Chad to help Sudanese refugees
ABU DHABI, UAE - Â UAE Ambassador to the Republic of Chad Rashid Saeed Al Shamsi on Sunday opened a field...
Geostrategy
Videos
Assets of UAE banks rise despite pandemic
The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or...
- Total customer deposits in the country’s banks between Q2 2020 and Q2 2021 witnessed 2.3 percent year-on-year growth reaching US$519.4 billion or AED1.908 trillion.
- Personal loans to residents recorded 3.6 percent increase at US$92 billion or AED336.5 billion during the period
Business
John Ireland new Amanat CFO
John will assume Amer Jeambey’ s role at the company.
- John brings over 15 years of experience of financial management to Amanat
- As CFO, he will oversee the company’s corporate and operational finance activities
Business
Mitsubishi to supply Empower 100,000 refrigeration ton capacity chillers
DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi's air-conditioning and heating systems for its environmentally friendly district...
- A deal between the two allows Empower to increase capacity to 200,000 refrigeration tons.
- Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah.
Business
Villas to drive Dubai realty growth in Q4
Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be...
- Up to 50% sales growth is expected in the villa segment during Q4 on a QoQ basis
- The demand for villas is expected to surge in the areas near Expo 2020
Business
Johnson Controls to build Dubai RIT’s sustainable campus
The company has partnered with Dubai Silicon Oasis Authority for energy optimization and efficiency of the campus.
- RIT Dubai aims to attract students and faculty committed to building a net-zero economy.
- More than 1,000 students can learn from the company's AI solutions.
Economy
World Green Economy Summit to tackle global food security
WGES will look into ways to advance the food and agricultural technology sectors
- WGES will look into ways to advance the food and agricultural technology sectors
- One of these is the Dubai Food Tech Valley, a programme launched by ruler of Dubai Al Maktoum
Business
Dubai business licenses issued in Aug register 54 percent growth
The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.
- 59 percent of the new licences issued in August 2021 were professional.
- At 38 percent, sole establishment companies topped the list, followed by civil companies and limited liability companies.
Business
UAE reelected as vice president of Belt and Road Tax Forum
The United Arab Emirates (UAE) has been elected as vice president of the Belt and Road Initiative Tax Administration Cooperation...
- The UAE’s delegation participated in the Supervisory Board meeting, where the President and the Vice President of the Forum were elected
- The decision to continue with the UAE was taken during meetings bringing together participants from around 57 countries around the world
Science
Scientist makes whitest paint; it might reduce AC bill!
Its inventor said this paint was used to cover a roof area of about 1,000 square feet, it could give...
- The paint has a reflectivity of 98.1 percent, as compared to most white paints that have a reflectivity of 80-90 percent
- This means it can reflect heat and light better, which will continue to cool whatever it is coating
Business
Dubai Police to use AI to secure Expo 2020
This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the...
- The Dubai authorities have already taken several other steps to secure Expo 2020
- This is especially after it has already been delayed by a year due to the Covid-19 pandemic
DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
Business
Company News
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EITC posts 26% jump in profit
Business
Egypt adopting Russian Mir payment system to boost tourism, trade
The Central Bank of Egypt in cooperation with the Egyptian Ministry of Finance, will allow banks across Egypt to access...
Economy
Gulf International Bank continues partnership with Beehive
The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift...
Business
Jordan king discusses ties with US congressional delegation
The meeting, attended by Crown Prince Al Hussein bin Abdullah II, covered bilateral ties and the strategic partnership between Jordan...
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Geostrategy
UAE, Serbian Presidents discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and...
- The two leaders discussed a number of regional and global issues and developments of mutual concern.
- The two leaders explored UAE-Serbia cooperation in investment, economic, trade, science, technology, food security, agriculture, among others.
Economy
Dubai’s RTA releases Sustainability Report 2021
Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters...
- The report showcases RTA's practices in matters related to the environment, society and governance.
- RTA had developed a roadmap to achieve zero-emission from public transport means by 2050.
Business
EU commercial flights surge 25 percent in August 2022
Brussels, Belgium - The number of commercial flights in August 2022 in the EU increased 25 percent compared to August...
- The numbers are still below the pre-pandemic levels, but the gap is eventually decreasing.
- Also, some EU airports recorded increase in the total commercial flights compared with 2019.