Emirates Online, abu dhabi, Abu Dhabi (2026)

26/01/2022

Nakheel elevates Dubai’s real estate offering with 'Tilal Al Furjan'

Master developer Nakheel has announced the launch of "Tilal Al Furjan", a new collection of 220 four-and five- bedroom villas overlooking the Al Furjan master community.

Spanning 560 hectares and currently home to nearly 30,000 people, Al Furjan is one of Dubai’s biggest and most popular mixed-use developments, with its own Dubai Metro station, two retail Pavilions, a community club house, schools and more.

It’s also easily accessible from key routes such as Sheikh Mohammed bin Zayed Road (E311), Al Yalayis Street (D57) and Sheikh Zayed Road (E11) – ideally located to reach Abu Dhabi and other parts of Dubai. WAM

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26/01/2022

Dubai Smart Police Stations welcome 58K visitors, 42 delegations at Expo 2020

The Smart Police Stations (SPS) at Expo 2020 have welcomed 42 esteemed delegations of prime ministers, presidents, ministers, royalties and distinguished individuals from all over the world during the first three months of the global event.

According to Major General Ali Ghanem, Director Al Muraqqabat Police Station, the innovative police stations have been very popular at the Expo 2020 Dubai as they received 58,247 visitors.

It is worth noting that over the past three months, the self-service police stations have been serving Expo 2020 visitors 24/7 and successfully processed 1427 transactions without human intervention.

SPS offer 27 unmanned vital services such as reporting crimes and traffic incidents, in addition to other 33 community-based services.

"To ensure the highest levels of community happiness, customers can also apply to obtain permits and certificates easily and conveniently without visiting the traditional police stations," Maj. Gen. Ghanem added. WAM

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26/01/2022

Etisalat named world's strongest telecom brand with US$12.5 bn portfolio

Etisalat has been ranked as the world's strongest telecom brand and is the first in the Middle East and Africa (MEA) region to achieve this milestone recognition by Brand Finance, the world's leading brand valuation authority.

With a telecom portfolio of well over US$12.5 billion, Etisalat retained not only its AAA brand rating but also its position in MEA as the strongest brand across all categories and the most valuable brand portfolio. These accolades underline the UAE's leadership position globally in its cutting-edge telecom infrastructure and strategic advances in digital transformation.

Speaking on the occasion, Hatem Dowidar, CEO of Etisalat Group, said, "To be recognised as the world's strongest telecom brand and as the most valuable telecom brand portfolio in MEA underline the success of our strategic initiatives to build a robust telecom infrastructure that creates added value for our customers wherever we serve. With our relentless focus on being customer-centric, we continue to push our horizons by investing in next-generation technology that enhances our service offering and helps shape the digital future." WAM

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25/01/2022

‘Crypto winter’ fears send chills to battered Bitcoin faithful

There are few things scarier for investors than a bear market -- unless you’re involved in crypto, in which case a winter is worse.
The chilling term refers to a sharp slump, followed by a drop-off in trading and months of market doldrums -- a phenomenon that memorably befell the crypto market in 2018. Bitcoin’s price plunged by more than 80% to as low as $3,100 from the end of 2017 through December of the following year, a period characterized by the boom-and-bust of initial coin offerings and several big banks shelving their plans to start cryptocurrency trading desks. Bitcoin wouldn’t reach a new high until December 2020, according to data compiled by Bloomberg.
Memories of 2018 are sparking fears that a repeat is playing out now after the world’s largest cryptocurrency plummeted 50% from its most recent high of almost $69,000 in November. The crypto universe has shed more than $1 trillion in market value on growing conviction that the Federal Reserve is set to start ratcheting back the ultra-accommodative policy settings that fueled a boom in risk assets. Bloomberg

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25/01/2022

e-Trader licence records 6% growth during 2021

The e-Trader licence, launched by the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, has seen overwhelming response with 16,409 licences issued since its launch in March of 2017 till end of 2021.

The BRL sector also reported that the total number of e-Trader licences issued in 2021 reached 6,217, a 6% increase compared 2020 as the total number of licenses reached 5,848 licenses. This reflects the continuous focus on promoting e-commerce and the competitiveness of Dubai’s economy, as well as the commitment to realising the vision of the government to drive digital transformation and build awareness about the e-platforms that facilitate commercial activities.

This shows the growing momentum of e-shopping in Dubai, as the emirate has become a platform for the largest e-commerce companies in the world, led by its flexible business and investment environment, government integration with the private sector and its logistical advantages, as well as strategic location that facilitates global trade.

The growth also reflects the ongoing efforts to consolidate the emirate's position as a global platform for e-commerce, based on its importance in driving growth and supporting economic diversification policies. The 'UAE eCommerce Landscape’ study, conducted jointly by DET and Visa in 2020, showed Dubai leading the list of the fastest-growing and developing e-commerce markets in the Middle East and North Africa, as a result of conducive policies, strategic plans and smart government initiatives initiated under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. This digital transformation has enhanced the confidence of investors in the sector and its opportunities for growth and development. WAM

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25/01/2022

Expo 2020 Dubai approaches 11 million visits

Expo 2020 Dubai has recorded 10,836,389 visits as of January 24, while the virtual visitation reached 72.5 million.

The visitors were attracted by the new musical from Indian stars Shekhar Kapur and A.R. Rahman, plus a series of high-profile events as part of the first Global Goals Week to be held outside of the United Nations in New York, according to an Expo 2020 press release on Tuesday.

Across the Expo 2020 Dubai site, which is four times the size of Dubai Mall and spans the area of 613 football pitches, visitors have safely enjoyed the nearly 200 events being staged every day, thanks to stringent precautionary measures against Covid-19.

Global Goals Week, which ran from 15th to 22nd January at Expo 2020 Dubai associated with the United Nations, proved similarly popular. The site came alive with post-it pledges and inspiring ‘to-do list’ activations, adding to the range of compelling forums and panel discussions.

The Theme Week advanced the Sustainable Development Goals (SDGs), a blueprint to achieving a better, more sustainable future for all, tackling global challenges such as poverty, inequality, health and education, and climate change. Expo 2020 Dubai continues to be committed to promoting the SDGs, providing a platform to create a positive impact for our collective future. WAM

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24/01/2022

Ministry of Energy and Infrastructure supports CEM Global Ports Hydrogen Coalition

The UAE Ministry of Energy and Infrastructure enables the country's energy transition by adopting sustainability in all sectors including the maritime industry.

The country has consolidated its leading position among the best maritime centres in the world by employing practices, decisions and legislation that have contributed to developing the sector and enhancing maritime safety standards, while also protecting the marine environment globally.

To accelerate low-carbon hydrogen deployment, the UAE and its leadingports have showcased steadfast support to the Global Ports Hydrogen Coalition, the first global forum that brings representatives from ports together with decision-makers from governments as well as the industry to discuss the adoption of hydrogen technologies and fuels.

The UAE, represented by the Ministry of Energy and Infrastructure has recently announced the Hydrogen Leadership Roadmap, a comprehensive national blueprint to support domestic, low-carbon industries, contribute to the country’s net-zero ambition and establish the country as a competitive exporter of hydrogen. WAM

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24/01/2022

Hamriyah Free Zone continues to play key role in boosting Sharjah's economic growth

2021 was a very successful year for the Hamriyah Free Zone Authority (HFZA) in Sharjah, where it has continued to consolidate its position as a favoured investment destination for various types of businesses, besides its role in supporting the economic growth in the Emirate of Sharjah.

During the last year, the Authority has attracted 9 international companies from the USA, African countries, India, and others.

These investments are spreading out over an area of 850,000 sq ft ranging from warehouses and plots of land, with a total investment value of about AED 271 million. "Such figures clearly reflect the outstanding facilities, incentives, and advantages provided by HFZA to further strengthen its attraction to investors," the Authority said.

"Since its establishment, Hamriyah Free Zone has played a significant role in strengthening the position of the Emirate of Sharjah as a destination for global investments and a business centre in the Middle East. This is attributed to the continued success of the Authority in attracting investors and international companies operating in various economic sectors," said Saud Salim Al Mazrouei, director of the Hamriyah Free Zone Authority. "The previous year's figures demonstrate HFZA's solid presence its pivotal role as a gateway to the markets of various countries, regions in the world. WAM

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24/01/2022

FAO hails UAE's efforts to enhance efficiency of sustainable farming

FAO Subregional Coordinator and representative in the UAE, Dr Dino Francescutti, has hailed the significant efforts put by the UAE to enhance the efficiency of sustainable farming.

Speaking to the Emirates News Agency (WAM) on the sidelines of a meeting held by the Food and Agriculture Organisation in Abu Dhabi on the progress made toward achieving SDG14 during the Global Goals Week at EXPO, Dr Francescutti said that FAO is keen during Expo's Global Goals Week to promote sustainable development.

"This confirms the significant role that Expo 2020 plays in addressing such core issues in order to advance common goals in this field," he added, noting that the FAO is determined to strengthen its partnership with the UAE to help achieve the targets of goal 14 "Life below water" at both the global and national levels.

The FAO's Subregional Office for the GCC states and Yemen gathered together experts and representatives from the Ministry of Climate Change and Environment, the Abu Dhabi Environment Agency, the Ministry of Cabinet Affairs and the Environment Agency from Fujairah as well as the Norway Pavilion at Expo. WAM

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21/01/2022

Bitcoin tumbles below $40,000 to lowest level in five months

Cryptocurrencies sank Friday, taking Bitcoin to the lowest level in more than five months as risk aversion again swept across global markets.
The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000. Digital tokens overall have shed some $1 trillion in value since a November peak, according to CoinMarketCap data.
“Bitcoin and the broader crypto market remain subject to the whims of macro variables,” Fundstrat Digital Asset Research strategists Sean Farrell and Will McEvoy wrote in a note.
Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the US. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a correction on Thursday.
Other cryptocurrencies also dropped, such as Binance Coin, Cardano and Solana.
A technical pattern based on a momentum indicator known as the weekly relative strength index hinted at the possibility that Bitcoin’s slump might be due a breather. The indicator on Friday fell into a region that in the past accompanied floors in Bitcoin selloffs. Bloomberg

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21/01/2022

NAMA, UN Women economically empower 340,000 women globally

The skills, resources, and opportunities provided by UAE-based NAMA Women Advancement and UN Women have empowered more than 340,000 women around the world to participate equally in markets and support economic growth overall. This was revealed at a panel discussion held at the Women’s Pavilion at Expo 2020 Dubai, which spotlighted the transformative potential of gender-responsive procurement and its role as a strategic lever in enabling women entrepreneurs to build a better world.

At the session hosted jointly by NAMA and UN Women as part of the Global Goals Week at Expo 2020 Dubai, discussions centred on creating better outcomes for women and enhancing national economies by advancing reform and action through the prism of gender-sensitive policies.

The session titled, ‘Gender-responsive procurement as a transformative strategy to achieve the Sustainable Development Goals’, highlighted the successful practices in different parts of the world including South Africa and the UAE. Panelists discussed how gender-responsive procurement (GRP) is a critical conduit to deliver directly on most SDGs, specifically goals 5, 8 and 12. WAM

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21/01/2022

ENEC co-hosts E-FUSION at Expo 2020 Dubai

The Emirates Nuclear Energy Corporation (ENEC) and the French Nuclear Industry Group (GIFEN) co-hosted the 4th edition of E-FUSION (Emirati-French Industrial Supply Chain Initiative for Nuclear), held as part of the French Nuclear Energy Day at the French Pavilion at Expo 2020 Dubai. Representatives from local and international nuclear industry companies, government officials and energy experts met to discuss the growing opportunities for collaboration between UAE and French organisations within the nuclear energy sector.

On the sidelines of the event, ENEC’s joint-venture operating and maintenance subsidiary, Nawah Energy Company (Nawah), signed an agreement with CERAP S.A, to provide technical services to support refuelling outages and online operations at the Barakah Nuclear Energy Plant.

CERAP is a leading European nuclear services provider with over 30 years of experience, operating in more than 8 countries. CERAP is partnering with its shareholder ENDEL, French leader in industrial maintenance and energy services, to offer a comprehensive range of specialised services to Nawah in the UAE. Committed to localisations with the Abu Dhabi subsidiary NUSAM Limited created in 2021, CERAP and ENDEL are determined to share their expertise and support the development of the UAE’s nuclear supply chain. WAM

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