ECI Bags $1.08bn of Non-Oil Trade in H1 2020

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED 4 billion ($1.08 billion)-worth of non-oil exports from January to June 2020, hence providing solid contribution to employment and the non-oil economy of the country..... Read more »

Posted on : 10/13/2020

UAE's BPGIC to Expand Crude Oil Storage in Fujairah

The United Arab Emirates' Brooge Petroleum and Gas Investment Co (BPGIC) plans to boost crude oil storage capacity in Fujairah, an industry source close to the matter discussed earlier this week..... Read more »

Posted on : 10/13/2020

UAE-Africa ties are entering a new phase of development

Businesses in the UAE are expanding their attention on Africa as they see development prospects developing across the continent. UAE-Africa relations are steadily expanding, backed by many significant developments such as enhanced connectivity and business trust, economic reforms and regional integration..... Read more »

Posted on : 10/12/2020

UAE, US, Israel to develop joint strategy for energy partnership

The United Arab Emirates (UAE), the United States and Israel recently announced that they will advance a joint strategy for energy partnership..... Read more »

Posted on : 10/2/2020

Globalpharma Launches UAE Made Hand Sanitizer And Facemasks Under The Brand GP+

Globalpharma, a wholly-owned subsidiary of Dubai Investments PJSC, has announced the launch of its first UAE made hand rub sanitizer and surgical disposable face masks under the brand “GP+”. The GP+ hand sanitizers will be available across pharmacies in the UAE by the end of this month and the mass manufactured surgical disposable face masks in the coming weeks..... Read more »

Posted on : 9/28/2020

DHA Explores Collaboration With Australian Healthcare Institutions

UAE and Australia have discussed collaboration particularly in the field of artificial intelligence, medical education and research and development..... Read more »

Posted on : 9/25/2020

Modern-Tech turning dessert's into a "Green Revolution"

A "green revolution” where Dubai has sown in the middle of its dessert an ultra-modern vertical farm to slash out its lean on food imports. Batches of vegetable crops are lined up in a multi-storey format, where the light and irrigation is regulated by Al-Badia market garden farm and also efficiently 90 percent of the water used..... Read more »

Posted on : 9/25/2020

Dubai's Free Zone - A food and agricultural trade hub

Jebel Ali Free Zone, Jafza, still holds the title of the most favored harbor for trade in food and agricultural commodities. The Free Zone has reported an increase in the trade growth by 24 % in 2019 and a 7% increase in the customer base. The Free Zone is a vast food and agriculture cluster spreading over 1.57 million square meters with the participation of more than 550 companies from across 70 countries..... Read more »

Posted on : 9/25/2020

UAE's Mubadala Investment Company Signs Strategic Agreement With Top Russian Bank

UAE’s Mubadala Investment Company has signed a series of six cooperation agreements worth more than AED 7 billion ($2 billion) with the Russian Direct Investment Fund (RDIF) as part of the sovereign wealth funds’ long-term investment partnership that began in 2013..... Read more »

Posted on : 9/23/2020

EDF group seals 2GW deal to supply world's cheapest solar power

A consortium together with EDF and JinkoSolar will said to build a 2GW solar project in the United Arab Emirates which is said to be the world’s largest on a single site and fixed to supply renewable power at record-low prices..... Read more »

Posted on : 9/23/2020