Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) on Wednesday announced that the value of its direct and indirect contribution to Abu Dhabi’s economy has increased by 26.66 percent in 2017 to reach AED3.89 billion, compared to AED3 billion in 2016. The company shared its 2017 results at a press conference at the Abu Dhabi National Exhibition Centre, ...

DUBAI / WAM Construction is underway on The St. Regis Beach Club on Dubai’s Palm Jumeirah, confirming yet another top-flight dining and leisure destination for the world-famous island, master developer Nakheel announced. The company has awarded a contract worth AED79.7 million to Ghantoot Gulf Contracting to build the exclusive beachfront facility, which will offer unrivalled restaurants, lifestyle and fitness venues ...

DUBAI / WAM Dubai’s Damac Properties reported a total revenue of AED7.5 billion, a 4 percent increase over last year and net profit of AED2.8 billion, according to the company’s financial results for year ended 2017. Damac also announced that it has delivered 20,236 units as of December 31, 2017, marking a milestone for the company and the industry as ...

Dubai / WAM Emaar Properties recorded a net operating profit of AED 5.704 billion during full-year (January to December) 2017, a growth of 16 percent over the FY 2016 net operating profit of AED 4.917 billion. Total revenue for FY 2017 increased by 21 percent to AED18.812 billion, over FY 2016 revenue of AED 15.540 billion. In 2017, Emaar successfully ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has issued instructions that the seventh session of the World Government Summit is to run from February 17-19, 2019. This was announced by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future and Chairman of ...

DUBAI / WAM The Smart Dubai Office (SDO), is once again partnering with global innovation network Union to organise the second round of the Global Blockchain Challenge. The competition seeks to source strong and innovative Blockchain start-ups from around the world to contribute to the implementation of the Dubai Blockchain Strategy 2020 which was announced in October 2016 by the ...

DUBAI / WAM Union Coop was awarded the ISO/IEC 27001:2013, Information Security Management System Certificate for its IT Department. The certificate was awarded by Bureau Veritas, a leading Certification Body. Marwan Aridi, Certification Manager at Bureau Veritas, presented the certificate to Aiman Othman, Director of Information Technology Department. “Gaining this certificate proves the efficiency of our information security systems,” Othman ...

Dubai / Emirates Business Gulf Navigation Holding PJSC announced its financial results for 2017 achieving 7 percent increase compared to 2016 with a gross profit of AED 49 million. This achievement comes as a result of the company’s vision and efficient strategic plans set to position Gulf Navigation as one of the largest integrated marine services provider in the region. ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday visited the Abu Dhabi Unified Government Services System, Tam, platform at Yas Mall. During his visit, he was briefed about the mechanism of the system, which provides government services to customers in Abu ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Wednesday its financial results for the year 2017. The company reported strong results with its net profit of AED227.3 million for 2017, representing an increase of 11 percent over the same period last year. Commenting ...