Friday , 22 June 2018
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UAE’s ADNOC awards $3.5bln contracts to Samsung Engineering

Two contracts were signed by ADNOC Refining and Samsung Engineering Abu Dhabi National Oil Co (ADNOC) said on Monday it had awarded two contracts to South Korea’s Samsung Engineering 028050.KS worth more than $3.5 billion. The contracts were signed by ADNOC Refining, a wholly owned subsidiary of ADNOC, and Samsung Engineering. The first engineering, procurement and construction (EPC) contract was …

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Abu Dhabi’s utility folded into new energy department: spokesman

Oil-rich Abu Dhabi has seen some of its largest firms merge in the last two years as part of a strategic review in response to an oil price slump. ABU DHABI: Abu Dhabi has folded utility Abu Dhabi Water & Electricity Authority (Adwea) into the emirate’s newly established department of energy as part of a consolidation of state-owned entities, a …

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UAE leads MENA in digitisation: Report

Digitisation continues to take the global economies by storm The UAE is now leading the MENA region with an impressive 16.4 percent in digital penetration, according to a detailed report by Al Masah Capital Limited titled, “Digital Banking – ME Trends”. “Digitisation continues to take the global economies by storm. As a revolution whose uptake in the Middle East and …

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Smart Cities Global Summit to take place in Africa gathering International Government and Industry leaders to assess regional Smart City technology and investment strategies

Government’s role in stimulating new technology and Smart cities investment will be a key focus of the event agenda, with eight key Smart City investment themes featured over 50 sessions Smart Cities Global Technology & Investment Summit 2018 (www.SmartCityAlgiers.com) has been announced to take place in Algiers, Algeria, on June 27-28, gathering international Government and Industry leaders to assess global …

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Innovation Arabia 11 continues for the 2nd day in Dubai

An important scientific research study announced under the title: “Life expectancy and main causes of mortality in the UAE: A systematic analysis from the Global Burden of Disease Study 1990 – 2016” UAE: The second day of Innovation Arabia 11 continued at the Dubai International Convention and Exhibition Centre, with the active participation of a number of world class speakers, …

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MENA solar power projects pipeline set to double in 2018

By Anoop Menon, ZAWYA Project mix dominated by the Saudi market and solar photovoltaic systems The pipeline for solar power projects in the Middle East and North Africa (MENA) is set to double this year, with Saudi Arabia accounting for more than half of all projects, according to a new report published on Monday by the Middle East Solar Industry …

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UAE central bank chief: fintech very beneficial to banking sector

Technology underlying crypto-currencies, financial technologies are beneficial to banking sector, UAE central bank governor said. ABU DHABI The technology underlying crypto-currencies and other new financial technologies are really beneficial to the banking sector, United Arab Emirates central bank governor Mubarak Rashid al-Mansouri said on Tuesday. Asked at a financial industry conference whether U.S. interest rate rises this year might pressure …

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Dubai to have 70 smart visa centres by end of 2018

Will also provide job opportunities to over 1,000 UAE citizens. Dubai will have 70 Amer centers by the end of 2018 and these will provide job opportunities to more than 1,000 people, GDRFA has contended. As many as 21 new smart Amer centers have been established and opened since the beginning of this year, said Major General Mohammed Ahmed Al …

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Dubai tests autonomous pods in drive for smart city

Dubai has begun testing autonomous pods in a trial run the Gulf’s trade and tourism hub hopes will help its transformation into one of the smartest cities in the world. Officials from Dubai’s Roads and Transport Authority (RTA) displayed two cube-shaped vehicles built by U.S.-based Next Future Transportation company in Italy as they spun around on a main street in …

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Innovation Index: Dubai ranks 14th among top 30 global cities

The findings of the latest Index were released by the Dubai Chamber of Commerce and Industry. DUBAI: Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo. The findings of the latest Index were …

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