Local News

Dubai / Emirates Business As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformations. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the …

Dubai / WAM Following up on the agreement signed last month, the Dubai Municipality9 (DM) supplied 700 Dubai Lamps to the Roads and Transport Authority (RTA). With the aim of promoting Dubai Lamp, the municipality had signed several agreements with a number of government and private organisations, as well as strategic partners including the RTA. This is the first batch …

Abu Dhabi / Emirates Business The UAE participated in the first trade and investment dialogue between the Gulf Cooperation Council (GCC) and the European Union (EU), which concluded at the headquarters of the Council’s General Secretariat at the Saudi Capital of Riyadh. The Ministry of Economy organized the UAE delegation which was headed by Mohammed Nasser Hamdan Al Zaabi, Director …

Dubai / WAM Dubai Business Events (DBE), the city’s official convention bureau and a division of Dubai Corporation for Tourism and Commerce Marketing, has been showcasing Dubai’s dynamic business events offering at IMEX, which has been taking place this week in Frankfurt. DBE has brought a total of 27 stakeholders and partners to the global events industry exhibition, which has …

Dubai / Emirates Business Smart Dubai has won three awards at the annual Government ICT Achievements Awards, organised recently by .Gov magazine – an ITP publication – at The Grosvenor House hotel in Dubai Marina. Attended by more than 200 government official and ICT experts, the event sheds light on the progress and achievements of governments across the GCC in …

Dubai / Emirates Business A special Liwan Ramadan Majlis in Dubai is setting new standards in luxury and opulence during the Holy Month of Ramadan, making it not only a blessed experience but also offering an exclusive feel with its unique mix of attractions. The Liwan Ramadan Majlis in Jumeirah, Dubai will be truly a one-of-its-kind Ramadan Majlis, unravelling a …

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (ADNOC) announced that it has signed an exclusive agreement with Penthol, a global organization in the supply and distribution of oil products and petrochemicals, appointing them as exclusive seller of ADNOC’s Group III base oil into the United States of America (USA). In line with its strategy to maximise …

ABU DHABI / WAM UAE and Swedish minister have discussed prospects of co-operation in innovation, small and medium-sized enterprises, research and development, R&D, as well as smart cities, as trade between the two countries stood at US$1.1 billion in 2016, according to the Ministry of Economy. As well as underlining cooperation between the two countries in these vital sectors, Abdullah …

ABU DHABI / Emirates Business HE Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, discussed ways to further deepen the existing economic and trade ties with the Republic of India during a meeting with a high-level delegation of Indian businessmen and private sector representatives headed Shobana Kamineni, President of the Confederation of Indian Industry (CII). The Minister also …

ABU DHABI / WAM The UAE stock markets on Wednesday saw a robust rise in the leading shares of the real estate sector at the Dubai Financial Market, with Emaar shares leading at AED7.52, and Etisalat shares registering a significant rise. The largest support for the market came from the Emaar shares that bounced to the level of AED7.52 after …