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The United Arab Emirates navy has received its fourth corvette made by the Abu Dhabi Ship Building under an ambitious program destined to boost the capacities of the UAE navy forces. Dubbed “Mezyad”, this multipurpose missile vessel, part of the Read more
The United Arab Emirates smaller businesses have managed to get support and credit access thanks to a partnership sealed with the Arab Monetary Fund and the International Finance Corporation (IFC). This partnership will enable UAE draft a law on secured Read more
Nine million foreign tourists are expected to visit this year the United Arab Emirates, says Business Monitor International (BMI) in its latest forecast report. In 2011, 8.2 million tourists spent their holidays in the UAE, the second largest Arab economy. Read more
The Gulf Cooperation Council (GCC) economic growth is expected to slow down to 4 pc in 2012 from 7.4 pc of last year, says the National Bank of Abu Dhabi in its latest outlook report. This deceleration is due mainly Read more
Torresol Energy, a joint venture set up by Spain’s Sener and Abu Dhabi’s Masdar, has unveiled solar power projects worth $ 5 billion to be carried out in Spain, the United States and several Middle East countries. The joint venture Read more
The 5th World Future Energy Summit (WFES) opens on Monday in Abu Dhabi to discuss key global issues relating to energy policies, development strategies, commercial incentives and industry-related challenges and trends. The WFES 2012 brings together more than 60 ministers Read more