Local News

Abu Dhabi / WAM In acknowledgement of its management improvement initiatives and efforts to strengthen a culture of innovation, the UAE Ministry of Economy has got the international certification of TS 16555-1 for Innovation System Management from Britain’s LIoyd’s Register. The certification, a global testament to the Ministry of Economy’s endeavors to improve performance and reduce risks, providing credibility for …

Dubai / WAM The Ministry of Health and Prevention, has signed an agreement with Roche Pharmaceutical Company, to strengthen the UAE’s strategic drug stockpile, by adding 76 categories of drugs to aid in severe cases and emergency situations. The agreement was signed by Dr. Abdul Karim Abdullah Al Zarouni, Director of Emergency, Crisis and Disaster Operations Center at the Ministry, …

Sharjah / WAM Consumer protection complaints occupied the maximum share with 837 among the total 1,056 complaints resolved by the Sharjah Economic Development Department (SEDD), during the first quarter (Q1), of the current year. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of SEDD, said that the Department took all the necessary action to deal with consumer complaints. It has even …

ABU DHABI / Agencies Savings account balances in the UAE amounted to AED158.5 billion during the first third of 2017, a growth of 3 percent, i.e. AED4.75 billion, over the same period in 2016, according to UAE Central Bank statistics. Saving by local currency at the banking sector hit AED129.56 billion against an equivalent of AED28.88 billion in foreign currencies …

ABU DHABI / WAM A delegation from the UAE representing various national stakeholders in nuclear industry, is taking part in the International Conference on the IAEA Technical Cooperation Programme: ‘Sixty Years and Beyond-Contributing to Development’. The three-day event, concluding on the June 1, is being held at the headquarters of the International Atomic Energy Agency in Vienna, Austria. Led by …

ABU DHABI / WAM The Emirates Red Crescent (ERC) launched the Certificate of Giving campaign, in co-operation with Abu Dhabi Islamic Bank, during the holy month of Ramadan, based on an initiative by both parties for the UAE’s Year of Giving. The initiative is a financial endowment, through contributi- ons placed in bank accounts. The value of the sukuk, to …

Dubai / Emirates Business Ground breaking has taken place on the site of a new six tower residential complex designed by Abdul Rahim Architectural Consultants (ARACO) and located in Dubai’s fast-growing residential suburb, Jumeirah Village Circle (JVC). Close to Al Barsha Fourth, the six building project is valued at AED 410 million, and covers an area of 100,000sqft. Commenting on …

Dubai / Emirates Business FinTech Hive at DIFC, the region’s first FinTech accelerator launched by Dubai International Financial Centre (DIFC) earlier this year, received over 100 applications from more than 32 countries for its inaugural programme. The majority of applications have come from the UAE, the UK, the US, India, Nigeria and Singapore, and cover a range of concepts including …

Dubai / Emirates Business Dubai Investments Park [DIP], the unique integrated commercial, industrial and residential community in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC, announced that 280 new sub-tenants have leased premises within DIP between January and April 2017, reinforcing its surging reputation as the preferred and most sought-after business destination in region. The new leases …

Dubai / WAM DAMAC Properties, a leading real estate developer in the region, held its first awards ceremony to recognise top real estate brokers in the UAE, rewarding them for their contribution to the company’s sales volumes in the first quarter of 2017. More than 20 agents received special recognition for their high achievements in the sales of villas and …