2018 — Topical news of the United Arab Emirates

December 26, 2018 no comments 793
The 200MW project will be implemented at Falaj Al Mu’alla over an area of 5-million metre The UAE Federal Electricity and Water Authority (Fewa) has signed an agreement with the government of Umm Al Qaiwain to set up a solar photovoltaic (PV) power station in bid to provide clean...

December 26, 2018 no comments 698
Nationalisation initiatives being expanded by the Dubai College of Tourism to achieve Tourism Vision 2025 Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) has announced plans to further drive industry Emiratisation efforts to create a strong pool of local talent...

December 26, 2018 no comments 2582
ZonesCorp says Lulu Group International is planning cold storage and warehousing projects in its Abu Dhabi Food Zone ZonesCorp, one of the largest developers of economic zones in the UAE, has announced that Lulu Group International is planning two projects in its Abu Dhabi Food Zone....

December 26, 2018 no comments 596
The company will have zero debt in its books at the end of the year DUBAI- United Arab Emirates-based district cooling firm Emirates Central Cooling Systems Corporation (Empower) has settled a $728 million loan, a company statement said on Tuesday. "Empower has fully settled its...

December 25, 2018 no comments 760
Hyatt Hotels Corporation announces plan for new property in the Jumeirah area of La Mer US-based Hyatt Hotels Corporation has announced that an affiliate has entered into a management agreement with wasl Asset Management Group for the development of an Andaz-branded hotel in Dubai....

December 25, 2018 no comments 710
Plans have been revealed to expand the Danat Al Emarat Hospital for Women and Children in Abu Dhabi Plans have been revealed to expand the Danat Al Emarat Hospital for Women and Children in Abu Dhabi. A second phase includes the construction of a new tower with a capacity of 100...

December 25, 2018 no comments 922
Banks are cutting some roles that can be replaced by new technology The digitisation drive among banks to use new technologies to replace routine roles with apps and artificial intelligence (AI)-enabled technology is already underway in the United Arab Emirates, with Standard Chartered...

December 25, 2018 no comments 728
Construction contract awarded for Bayz project in Business Bay which offers 456 fully-furnished apartments Danube Properties has awarded a AED190 million ($51.7 million) contract to RAQ Construction for the main construction works of its Bayz project located at a site in Business Bay,...

December 25, 2018 no comments 789
UAE issues statement denying claims regarding Sheikha Latifa bint Mohammed bin Rashid, daughter of the Dubai ruler The UAE on Monday issued a statement denying allegations regarding Sheikha Latifa bint Mohammed bin Rashid, daughter of the Dubai ruler. In a communique to the UN...

December 25, 2018 no comments 851
The assets of UAE conventional banks (CB) amounted to around Dh2.275 trillion ($620 billion), accounting for 79.7 percent of total banking assets by the end of November 2018, a media report said. Sharia-compliant banks accounted for 20.3 percent of total banking assets, reported state-run...

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