DUBAI / WAM DMCC welcomed Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. The collaboration will enable the bank to carry out Sharia-compliant Murabaha transactions using DMCC platform to take multi-currency trades from across the globe. DMCC Tradeflow has ...

DUBAI / WAM Dubai World Trade Centre (DWTC) events accounted for a record AED12.7 billion ($3.46 billion) in retained value towards Dubai’s economy, equivalent to 3.3 percent of emirate’s GDP in 2017, according to the latest Economic Impact Assessment report released by DWTC. The study estimates the total economic output of DWTC’s large-scale events at AED22.5 billion, an increase of ...

DUBAI / WAM The Federal Competitiveness and Statistics Authority (FCSA) signed an agreement with DP World in Dubai to build a strategic relationship and support the UN World Data Forum 2018. Hosted by the UAE in October 2018, the second edition of the forum will see the participation of more than 1,500 leaders, decision-makers, experts and specialists in the field ...

ABU DHABI / WAM Two infrastructure projects are being executed by the Abu Dhabi City Municipality in coordination with Abu Dhabi General Services Company ‘Musanada’ at Al Rahba city in Abu Dhabi at an estimated cost of AED452 million, with all construction operations scheduled for completion this year. The two projects are part of the strategic plans of the Department ...

Sharjah / Emirates Business Over the past nine years, Sharjah Investment and Development Authority (Shurooq) has accrued a portfolio of completed and ongoing projects worth AED 7.6 billion ($2.07 billion) extending across a total area of 11.74 million square metres. Following the Emiri decree No.2 to establish Shurooq, issued by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme ...

DUBAI / WAM The Department of Economic Development (DED) in Dubai has launched a package to make it further easier for businesses to clear fines and renew their licenses. The package will allow businesses to pay their fees and fines in easy installments, freeze their trade license for a year and seek an amicable settlement with DED on commercial violations. ...

Dubai / WAM The Board of Executive Directors of the Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors, has endorsed the final design of public bus stations that serves Expo2020. The project covers the construction of 14 bus passengers’ stations in addition to one bus depot at Al Quoz. ...

DUBAI / WAM The Federal Competitiveness and Statistics Authority (FCSA), signed an agreement with DP World in Dubai to build a strategic relationship and support the UN World Data Forum 2018. Hosted by the UAE in October 2018, the second edition of the forum will see the participation of more than 1,500 leaders, decision-makers, experts and specialists in the field ...

DUBAI / Emirates Business Emirates celebrated the inaugural flight of its new daily service from Dubai (DXB) to London Stansted (STN). The Emirates Boeing 777-300ER touched down just before 1400hrs local UK time on Friday, and marked London Stansted as the 7th airport in the UK from which Emirates operates. This brings to 10 the number of daily flights between ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) announced the development of Dubai Blink, the world’s first B2B smart commerce platform. It will utilize artificial intelligence (AI), blockchain technology and virtual business licenses, allowing companies from around the world to connect and trade via Dubai. As one of Dubai 10X initiatives, Dubai Blink was presented to Dubai Free Zones ...