Local News

  Sharjah / WAM Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, on Wednesday announced its Full Year Financial Results for the year ended December 31, 2016. Amlak reported net profits of AED 107 million at the end of December 2016, a decrease of 20% compared to AED 135 million in 2015. The company’s total revenues, …

  Abu Dhabi / Emirates Business Etihad Rail been participating in the region’s largest rail exhibition and conference, Middle East Rail (MER), held at Dubai International Convention and Exhibition Centre over the March, 7-8. During the two-day event, the national rail network has showcased an Etihad Rail Virtual Reality experience, planned network maps and an insight into the future passenger …

  Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) launched a series of awareness lectures at a number of Abu Dhabi Majlises. The first lecture titled “From Waste to Resources” was held at Majlis Al Bateen, and was attended by His Excellency Jaber Mohammed Ghanem Al Suwaidi, the General Director of the Crown Prince …

  Dubai / Emirates Business On International Women’s Day, healthcare leaders from across the region pledged to take action in closing the workplace gender gap while attending the 3rd MENA MedTech Forum in Dubai. The commitment comes following local survey results which revealed very few women in senior leadership roles within the corporate healthcare environment in MENA, mirroring global numbers …

  JAKARTA / WAM The UAE participated in the Indian Ocean Rim Association (IORA) Leaders’ Summit and other related meetings that took place in the Indonesian capital, Jakarta, from March 5-7 under the slogan “Strengthening Naval Cooperation to Achieve Peace, Stability and Welfare in the Indian Ocean”. The IORA Summit marked the occasion of the association’s 20th year and is …

  ABU DHABI / WAM The inflation rate in consumer prices for the first two months of 2017 was 2.0 percent as compared to the same period of last year, as shown by the increase in the Consumer Price Index (CPI) to 107.7, up from 105.6 during the same period of 2016. The Abu Dhabi region contributed 54.6 percent of …

  ABU DHABI / WAM The Executive Team of the National Index (net flow of Foreign Direct Investment to GDP) held its first meeting at the headquarters of the Ministry of Economy in Dubai. The meeting was presided over by Juma Mohammed Al Kait, Assistant Under-Secretary for Foreign Trade Affairs and Head of the Executive Team, under the framework of …

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday visited Middle East Rail 2017, organised by the Federal Transport Authority – Land and Maritime, in cooperation with the Ministry of Infrastructure Development. During his visit to the two-day event, which is being held at the Dubai World …

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved on Tuesday Law No. (1) of 2017 on facilitating speedy rulings on minor cases outside the court. He also approved an initiative to provide ‘one-day-resolution of cases’. The move forms part of implementing Dubai Plan 2021’s objectives of improving …

  Sharjah / WAM Improving Sharjah’s business links with Macedonia was the topic of discussion at a recent roundtable meeting hosted by Sharjah Investment and Development Authority (Shurooq). The event, one in a series of meetings being undertaken by the authority throughout the year, explored initiatives that would lead to mutual benefits for countries that have allied themselves to Sharjah and …