Local News

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council (SEC), on Tuesday, chaired the weekly meeting of SEC, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC, and HH Sheikh Sultan bin ...

DUBAI / WAM The World Logistics Passport (WLP) is expanding in Dubai with the joining of the Department of Planning and Development (Trakhees), the regulatory arm of Ports, Customs and Free Zone Corporation in Dubai (PCFC). The WLP is the world’s first freight loyalty programme designed to increase trading opportunities between markets and accelerate the flow of global trade. Registering ...

SHARJAH / WAM United Arab Bank (UAB) has announced its participation in a first of its kind nation-wide Fintech Megathon, SCA Fintech Megathon 2021, launched by Emirates Securities & Commodities Authority (SCA) and the Ministry of Economy to promote further development of fintech industry in the UAE. The initiative will help innovators, financial institutions, regulators, and other ecosystem partners in ...

DUBAI / WAM Dubai Chamber member companies’ exports and re-exports to West Africa surged by 42 percent in the first five months of 2021 to reach a record $387 million, fuelled by a recovery in trade activity, according to a recent analysis. The analysis was released by Dubai Chamber of Commerce and Industry as it prepares to host 6th Global ...

DUBAI / WAM Digital DEWA — the digital arm of Dubai Electricity and Water Authority (Dewa), one of Dubai 10X Initiative — and du, from Emirates Integrated Telecommunications Company (EITC), have entered a strategic partnership which resulted in the implementation of the region’s first Industrial private 5G slicing through 5G stand-alone (SA) technology. Through the collaboration, Digital Dewa’s InfraX, the ...

ABU DHABI / WAM The Department of Community Development in Abu Dhabi (DCD) and Statistics Centre — Abu Dhabi (SCAD) signed a cooperation agreement that will allow the two entities to accurately measure the quality of life for workers in Abu Dhabi. The aim is to activate their role within a set of future programmes that will help them to ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent congratulatory messages to kings, presidents and emirs of the Arab and Islamic countries on the advent of new Hijri year 1443. President His Highness Sheikh Khalifa bin Zayed wished them good health and happiness, further progress and prosperity for their people and dignity and glory for the ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), a multi-line insurance providers for both corporates and individuals, reported net profit for the six-month period ended 30th June 2021 increased by 31.1 percent to AED248.7 million, compared to AED189.7 million for the same period in 2020, driven by outstanding performance in both underwriting and investment activities. Gross written premiums ...

SHARJAH / WAM Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, on Monday reported a profitable first half (January to June) 2021 despite Covid-19 continued impact on the aviation’s industry financial and operational performance. Air Arabia reported a net profit of AED 44 million for the first six months ending on June 30, 2021, ...

Dubai / WAM The Rental Disputes Centre (RDC), the judicial arm of the Dubai Land Department (DLD), resolved 61,555 primary rental cases from 2015 to the end of 2020, representing just two percent of the total number of documented Ejari contracts (4,280,292 contracts) registered with the department during the same period, which has enhanced the community’s confidence in the laws ...