Category : Business
UAE – Iraq hold talks as Sheikh Mohamed meets Iraq PM
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Dr. Mustafa Al Kadhimi, Prime Minister of Iraq, held discussions at Qasr Al Watan, Abu Dhabi, on Sunday. They discussed ways to enhance the fraternal relations between......
Aldar announces mega re-development plans for Yas Mall
Aldar Investment announced an AED 500 million redevelopment plan for Yas Mall to reinforce the asset’s position as the centerpiece of Yas Island, Abu Dhabi’s fast-growing residential and leisure destination. The substantial investment will enhance the customer journey by reimagining the mall’s spaces and introducing new innovative retail concepts. The......
CBUAE sells gold for first time in three years
For the first time in three years, the Central Bank of the UAE sold gold bullions worth AED1.7 billion in January 2021, bringing its gold reserve down to AED11.17 billion from a record high of AED12.86 billion in December 2020. The move came to capitalize on the near-record prices hit......
Crypto businesses can set up at DMCC in Dubai
DMCC – the flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC. The agreement......
MENA Oil and Gas Summit to explore digital transformation
The MENA Oil and Gas Technology Summit, a one day virtual event hosted by MEED, will take place on Wednesday, 24 March 2021, bringing together stakeholders from National Oil Companies, large end users and utilities companies to explore topics including digitalization, automation, cybersecurity and asset integrity within the region’s oil......
AED300 billion Industrial Strategy Operation launched in UAE
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy Operation 300 billion. The 10-year comprehensive strategy aims to empower and expand the industrial sector to become the driving force of a sustainable national economy, increasing its......
Ehang partners with Italian group to design vertiport
EHang Holdings Limited, the world’s leading autonomous aerial vehicle (AAV) technology platform company, announced a partnership with an Italian architecture firm Giancarlo Zema Design Group (GZDG) to extend its air mobility solutions in the EU. With EHang’s passenger-grade AAV technologies and air mobility solutions, GZDG has designed and will build......
Wizz Air Abu Dhabi launches new routes to Kazakhstan
Wizz Air Abu Dhabi, the newest national airline of the UAE, has announced the launch of its latest routes from Abu Dhabi to Almaty and Nur Sultan, Kazakhstan, starting in the middle of May 2021. With the launch of Almaty and Nur-Sultan, Wizz Air Abu Dhabi adds a further two......
First GE HA turbines to be installed at UAE Power Plant
The UAE’s first two GE HA gas turbines have been delivered, and are currently undergoing installation and commissioning works at the 1.8 gigawatts (GW) Hamriyah Independent Power Plant. The project is expected to be the most efficient power plant in the Middle East’s utilities sector, contributing towards UAE Energy Strategy’s......
Zynga acquires Echtra games team – makers of Diablo
Zynga Inc, a global leader in interactive entertainment, announced that it has acquired Echtra Games, a cross-platform game studio composed of a development team whose core members have previously shaped the world of action role-playing games through their work on genre-defining titles including Diablo, Diablo II, the Torchlight franchise and......