Local News

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, once again marked the start of the Formula 1 Etihad Airways Abu Dhabi Grand Prix with a low-level fly-past over Yas Marina Circuit. The fly-past has become synonymous with the race with the flagship A380 aircraft flying over the iconic circuit at approximately 4.50pm. The A380 was …

Dubai / WAM Dubai Financial Market (DFM), announced the launch of the General Clearing Member service (GCM), enabling approved local banks to provide brokerage firms with clearing and settlement services, following the completion of various technical and regulatory arrangements, as well as tuning the business model to accommodate the new services. With this step, brokerage firms can now outsource the …

Dubai / WAM The World Government Summit Organisation, (WGSO), launched on YouTube a virtual reality video of the ‘Mars 2117’ project, previously featured at the 5th edition of the World Government Summit in February 2017. The launch is part of the organisation’s ongoing efforts to accumulate and promote cutting-edge technological advances and introduce them to governments. The video offers a …

Sharjah / WAM The second edition of the International Photography Festival, Xposure, the region’s largest photography event, which witnessed the participation of some of the biggest names in international photography and leading international brands, concluded at Expo Centre Sharjah. The four-day festival, themed ‘Captivating Stories’, was organised by the Sharjah Government Media Bureau (SGMB). Xposure 2017 lit up new perspectives …

Sharjah / WAM Sharjah Municipality announced the paid parking zones all over Sharjah will be free of charge for four days on the occasion of the Prophet Mohammad’s (PBUH), birthday, Commemoration Day, and the UAE 46th National Day, the Sharjah 24 news website reported. The free parking will start on November 30, with paid services to be reactivated as of …

Dubai / Emirates Business The winners of the inaugural Dubai Sustainable Tourism Awards have been announced by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). Comprising 17 different categories, the Awards recognise and celebrate the important work of Dubai’s hotels and tourism companies in advancing sustainability within the emirate’s tourism industry. Held at The Westin Dubai Al Habtoor City, …

DUBAI / WAM Jafza, the Dubai flagship logistics hub of global trade enabler DP World, announced that trade in steel and building materials reached AED13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector. Announcing Jafza’s participation in the Big 5 exhibition being held at the Dubai World Trade …

DUBAI / Emirates Business The value of annual land sales in Dubai has risen by AED30 billion over the last five years, one of the emirate’s biggest real estate brokerages revealed, identifying Business Bay as a key area for further growth. Firas Al Msaddi, CEO of fäm Properties, said that as of November 9, land sales for this year had …

ABU DHABI / WAM Abu Dhabi Ports, the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD) announced the opening of eight Abu Dhabi Government representative offices at KIZAD’s business bentre in Taweelah. The offices are of the Department of Economic Development, Department of Urban Planning and Municipalities, Ministry of Interior representing the General Command of Civil Defence and …

ABU DHABI / Emirates Business Brazil’s total exports to Arab countries’ construction sector reached $40.24 million in 2017. Brazil’s exports to region’s construction industry included plywood, veneered panels, granite, glazed ceramic flags, wooden furniture, appliances for pipes, boiler shells, and tanks and other machines and mechanical appliances. Machinery exports to Arab nations including Egypt, Kuwait, Saudi, the UAE, Oman and …