Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX), region’s leading financial market, together with Aldar Properties, on Sunday rang the market opening bell to celebrate the listing of Aldar Investments’ new $500 million sukuk, marking the first corporate sukuk ever to be listed on the exchange. The sukuk, which was raised at a profit rate of 4.75% with ...

Abu Dhabi / WAM The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 percent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products. The recovery was also driven by a 21.7 percent increase in annual salaries and wages, as well as ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) concluded its ‘240C Cool’ campaign, and achieved 4.1 percent savings on district cooling consumption in the past three months. The campaign, which was launched in July 2018, seeks to reduce energy consumption through mai-ntaining optimum temperature as well as reducing the value of customers’ consumption bills, in order to achieve sustainable ...

VIENNA/ WAM Suleiman Al-Herbish, Director-General of the OPEC Fund for International Development (OFID) has said that supporting development operations in the energy sector lies at the heart of OFID’s strategic plan to 2025. In a statement issued from OFID’s premises in Vienna, Al-Herbish reiterated OFID’s commitment to support sustainable development plans in Arab countries, particularly energy projects, and outlined various ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed a Memorandum of Understanding with the Medical Tourism Association (MTA), to coordinate efforts to position Abu Dhabi as a world-leading medical tourism destination, with the MTA’s annual World Medical Tourism & Global Healthcare Congress event now being hosted in Abu Dhabi ...

ABU DHABI / WAM The Emirates News Agency (WAM), is already applying the latest innovations in the 21st century media sector, said Myron Belkind, during a visit to the UAE state agency. The Professorial Lecturer at the George Washington University’s School of Media and Public Affairs, and the former National Press Club President, said, “I am so thrilled to have ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), announced that the UAE mGov page on Twitter has surpassed the mark of 500K followers. This achievement comes under UAE government’s keenness to communicate continuously and effectively with all segments of society, thereby serving UAE Vision 2021. This success reflects the great efforts made by the social media team within TRA ...

Abu Dhabi / Emirates Business Al Hilal Bank was honored in a ceremony with an award from the UAE Ministry of Human Resources and Emiratisation for its leading role in Emiratisation and adapting human resources policy and procedures to empower local talent. This first edition of the MoHRE award is designed to reward organisational excellence in Human Resources, and it ...

DUBAI / Emirates Business Collector Consulting showcased its growth plans and its products targeted at the global audience at Gitex 2018 held in World Trade Center Dubai. The company currently operates from its head office which is located in Dubai Media City and has its workshop in Al Quoz. Established in 2010 by Omar Chappuis the company is one of ...

Dubai / Emirates Business In a befitting celebration that complements the ‘Year of Zayed’ marked by the UAE to commemorate the 100th birth anniversary of the late Sheikh Zayed bin Sultan Al Nahyan, the 11th edition of the Asian Business Leadership Forum (ABLF) presented its special ABLF Awards to luminaries from across Asia who inspire and set high standards in ...