Local News

  Dubai / WAM Stefan Schweinfest, Director of the United Nations Statistics Division (UNSD) at the Department of Economic and Social Affairs, DESA, lauded the readiness of the UAE and its ability to host major international events. UNSD and DESA are responsible for the agenda of the World Data Forum, which the UAE will be hosting 2018. On the sidelines of …

  DUBAI / WAM Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, this week reached about AED2.45 billion, while value of stocks they sold stood at AED2.43 billion, with net foreign investment on the market reaching AED19 million during the period, as aggregate buy. Value of shares bought by foreigner investors …

  Dubai / Emirates Business As part of the declaration of 2017 as the ‘Year of Giving’ by UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the Ministry of Finance (MoF), in collaboration with Emirates Red Crescent, organised a donation campaign to aid and support the people of Aleppo at its premises in Abu Dhabi and Dubai.The donation …

  Dubai / WAM National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investment company in the UAE, has announced that it registered a 50 percent increase in the number of female regular savers in 2016 in comparison with 2015. In addition, the cumulative savings within the company’s various programs grew by 43 percent last year. Currently, National Bonds …

  Dubai / Emirates Business As the UAE gears up for a boom in the In-Vitro Diagnostics (IVD) market, expected to reach US$380 million by the end of 2020, the medical community has turned its focus towards exciting new products and technologies to keep up with the demand for new diagnostic capabilities that can have a real impact on improving …

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an administrative resolution No. 2 of 2017, pertaining to preparing Sharjah to join the Global Network for Age-Friendly Cities and Communities. The administrative resolution states the importance of environment in determining healthy ageing and encouraging the creation of age-friendly environments. …

  Dubai / Emirates Business Dubai Land Department (DLD) announced in its latest report that the total value of real estate brokers’ commissions for 2016 totaled over AED 1.5 billion from 32,932 transactions, while Dubai’s real estate market also attracted 5,933 active brokers and 2,285 registered brokerage offices. The AED 1.5 billion figure describes the amount of commission earned by …

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) conducted a survey to measure the happiness index of the community for 2016, in cooperation with a leading expert in the field. DEWA recorded a happiness index of 89.01 percent, compared to the 87.12 percent recorded in 2015. These results reflect DEWA’s commitment towards achieving the happiness of the community, and …

  Dubai / Emirates Business Having a long-term energy plan will boost sustainable long-term investments in the UAE, says a London Business School expert. This month, the UAE government unveiled a three-decade energy plan that aims to save the country billions of dirhams while still sustaining economic growth. Commenting on the new Energy Plan, Ioannis Ioannou, Associate Professor of Strategy …

  ABU DHABI / WAM Etihad Airways unveiled on Wednesday plans for the deployment of its new Boeing 787-9 Dreamliners to key Levant and Far East markets in 2017. With a phased delivery of nine Boeing 787-9s this year, they will gradually be introduced on a number of routes from the airline’s Abu Dhabi hub beginning March 1. The 299-seat …