Author: ammanpress.com

Abu Dhabi National Oil Company (ADNOC) announced that Reliance Industries Limited (Reliance), has signed an agreement to join a new world-scale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi.The agreement capitalizes on growing demand for these critical industrial raw materials and leverages the strengths of ADNOC and Reliance as global industrial and energy leaders. The project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ, and represents the first investment by Reliance in the region.The agreement continues the momentum of ADNOC’s downstream and industry…

UAE citizens and other nationalities requiring visas to visit India can avail themselves of gratis permission to travel to India as part of a COVID-19 recovery stimulus announced by Finance Minister Nirmala Sitharaman. The free visa scheme will remain in force until 31 March 2022. Sitharaman urged foreign tourists to take advantage of the scheme as quickly as possible once India resumes issuance of tourist visas. At present, India is not issuing visas in view of the risk of spreading COVID-19 from any influx of tourists.The announcement of free visas suggests that this is set to change. Visa fee has…

His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, chaired a meeting of the General Budget Committee, which was held at Qasr Al Watan. During the meeting, the committee discussed the UAE’s draft general budget for the 2022-2026 period, in addition to the procedures carried out by the the Ministry of Finance (MoF) to draft the general budget of the Union for the 2022 fiscal year, in accordance with Federal Decree-Law No. (26) of 2019 on Public Finance.The meeting also reviewed projections of federal cash flows for the 2022-2026 period, based on the…

A delegation from the Ministry of Defense, took part in the 10th International Exhibition of Arms and Military Machinery (MILEX 2021), which took place in the Belarusian capital Minsk. The delegation, headed by Major General Abdul Rahman Sabt Mubarak Al Marri, Assistant Chief of Staff for Joint Capabilities at the Ministry, attended the exhibition’s opening by Roman Golovchenko, Prime Minister of Belarus.The delegation members toured the various national and company pavilions and stands, showcasing the latest technology in defense and security industry. Major General Al Marri met at the exhibition’s sidelines with Dmitry Pantus, Chairman of the State Authority for…

A powerful car bomb exploded outside the residence of the 2008 Mumbai terror attack mastermind and chief of the banned Jamat-ud-Dawa (JuD) Hafiz Saeed in the provincial capital of Punjab on Wednesday, killing at least three people and injuring 21 others. The blast took place at a police picket outside Saeed’s house at the BOR Society in Johar Town around 11 AM.Eyewitnesses and news camera footage showed that a number of vehicles and motorbikes in the area were damaged. The front of several houses was badly damaged. Police cordoned off the entire area and started an investigation.The blast took place…

The UAE retail e-commerce market reached a record $3.9 billion in 2020, a 53 percent year-over-year increase driven by the COVID-19-led digital shift, while e-commerce accounted for 8 percent share of the retail market during the same year, new analysis from Dubai Chamber of Commerce and Industry has revealed.The study projected the value of the market to grow by a compound annual growth rate (CAGR) to reach US$8 billion by 2025, a growth trend supported by several key factors, such as high-income potential, high Internet penetration rate (99 percent), developed transport logistics network, modern digital payment systems, growing tech-savvy youth…

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, today officially inaugurated Arab Heath and Medlab Middle East 2021. A total of 1,500 exhibitors from 62 countries are showcasing the latest innovations and technologies as the healthcare sector bounces back from the repercussions of the COVID-19 pandemic. Under the show’s theme of ‘United by Business – Driving the Industry Forward’, the co-located events will welcome over 20,000 attendees during the four-day healthcare and laboratory showcases, which run at the Dubai World Trade Centre from 21st…

His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, received the Vice President of International Olympic Committee, Ng Ser Miang. During the meeting, Sheikh Ahmed bin Mohammed and Miang discussed the achievements of the UAE National Olympic Committee and its role in promoting Olympic activities on a local and international level. The meeting also discussed ways of enhancing excellence and competitiveness in sports.Sheikh Ahmed said that meetings held with international sporting bodies will help improve the skills and competitiveness of Emirati athletes and prepare them to compete in international sports events. The…

Dubai Electricity and Water Authority (DEWA) is participating at Expo 2020 Dubai with a large pavilion, characterized by a contemporary design that aligns with DEWA’s role as the Official Sustainable Energy Partner of Expo 2020 Dubai. “DEWA’s pavilion at Expo 2020 Dubai provides a unique experience for visitors. It highlights DEWA’s innovative projects and initiatives, especially in renewable and clean energy and using the Fourth Industrial Revolution technologies to disrupt the entire business of public utilities. DEWA intends to become the world’s first digital utility to use autonomous systems through Digital DEWA, the digital arm of DEWA. Its objectives align…

The UAE GDP is expected to grow by 2.4 percent in 2021 and 3.8 percent in 2022 while the non-oil GDP to expand by around 4 percent in both years, according to the Financial Stability Report (FSR) released by the Central Bank of the UAE (CBUAE). The CBUAE has published its FSR for the year 2020, featuring key solvency and liquidity indicators that demonstrate the resiliency of the UAE’s financial system amid the COVID-19 pandemic.The report gives a comprehensive overview of the development of the UAE economy and financial system in 2020. CBUAE projects that the UAE economy is expected…