A UAE Research Programme for Rain Enhancement Science, UAEREP, delegation is set to visit Russia to meet with a Programme awardee and local research institutions. Reflecting the Programme’s international status as a leading global scientific initiative, the UAE team will share their advances in rain enhancement science and technology with some of the world’s leading institutions working in the fields of rain enhancement, meteorology, and hydrology. The roadshow’s visit reflects the importance of the innovative work undertaken by Russian scientists in weather and water-related research and the potential for future collaborative work.

Since formal diplomatic ties were first established in 1994, the UAE and South Africa maintain vibrant economic and trade relations with the African country becoming the key trading partner to the UAE in the Africa South of the Sahara during the period from 2014 to 2017, while the UAE remained the main market in MENA for South African exports, stated Sultan bin Saeed Al Mansouri, Minister of Economy.

The Construction Cost Index,CCI in Abu Dhabi reached a level of 103.5 percent during the first quarter of 2018, an increase of 9.9 percent compared to the first quarter of 2017, according to statistics issued by the Statistics Centre-Abu Dhabi, SCAD. Construction costs also rose during the first quarter of 2018 by 5.6 percent, compared to the fourth quarter of 2017.

The number of cheques that passed through the UAE’s cheque clearing system reached 12.060 million during the first five months of 2018, with a total value of around AED592 billion, according to statistics published today by the Central Bank of the UAE. The value of the cheques that were circulated from January to the end of May, represented around 39.3 percent of the total value of the cheques circulated in 2017, which reached AED1.5 trillion.

The Central Bank’s statistics showed that in the first five months of the year, the total number of bounced cheques reached 515,000, with an approximate value of AED26.2 billion not exceeding 4.3 percent of the total value of the cleared cheques at the end of last May.

The Abu Dhabi National Oil Company (ADNOC) confirmed today that it currently has an oil production capacity of around 3.3 million bpd, and remains on track to increase its production capacity to 3.5 million bpd by the end of 2018. ADNOC has the ability to increase oil production by several hundred thousand barrels of oil per day, should this be required to help alleviate any potential supply shortage in the market.