Local News

Dubai / WAM Major General Mohammed Ahmed Al Marri, Director-General of Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA) met with representatives of tourism companies in Dubai to discuss the mechanism for granting tourist visas as part of promoting and revitalising tourism in the post-Covid-19 phase. The meeting was also attended by Major General Obaid Muhair bin Suroor, Deputy ...

ISLAMABAD / WAM The UAE continues its firm commitment to international cooperation by providing essential health and humanitarian supplies to nations grappling with the impact of the coronavirus (Covid-19). The Pakistani-Emirati Military Hospital in the Pakistani city of Rawalpindi stands as a shining example of UAE’s humanitarian and developmental initiatives to combat pandemics and natural calamities. In the past few ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), and holding company ADQ on Wednesday signed a joint venture (JV) agreement to create a new investment platform to fund and oversee development of industrial projects within the planned Ruwais Derivatives Park, a key enabler of Adnoc Downstream’s 2030 smart growth strategy and the UAE’s chemicals and industrial growth ...

DUBAI / WAM The Eid Al Adha holiday for ministries and federal bodies will begin on Thursday, July 30 (Day of Arafat), and will end on Sunday, August 2, the Federal Authority for Government Human Resources announced on Wednesday. In a circular, the authority added that work for all ministries and departments will resume on Monday, August 3. The authority ...

Sharjah / WAM Sharjah Islamic Bank (SIB) recorded an 8.6 percent increase in its operating profits amounting to AED 332.3 million in the first half of 2020 compared to AED 305.9 million for the same period last year. The net profit for the first half amounted to AED 251.2 million, compared to AED 290.5 million from last year. The balance ...

Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, has signed agreements with Boeing Global Services for the provision of maintenance support on its fleet of Boeing 787s. “These agreements are part of the strategic partnership between Etihad and Boeing signed in November 2019, in line with Etihad’s ongoing commitment to achieve excellence in all ...

Abu Dhabi / WAM Upbeat sentiments drove UAE stock markets high, with traders focused on property and banking blue chips in Abu Dhabi and Dubai whose general indexes closed higher than the last trading session at 4,256 pts and 2,088pts, respectively, after securing gains of around AED8.7 billion in market cap.In the capital’s bourse, FAB rose to AED10.66 followed by ...

Dubai / WAM Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, on Wednesday rang the market-opening bell at Nasdaq Dubai to celebrate the listing of a $750 million conventional bond. The capital raised will assist the activities of Emirates NBD. The perpetual bond is callable after six years and pays a coupon of 6.125 percent. The ...

Abu Dhabi / WAM Zaki Nusseibeh, Minister of State, and Roberto Blanco Dominguez, Ambassador of Cuba to the UAE, have reviewed ways of boosting relations of cultural and technical cooperation between the two friendly countries. During the meeting, which was held virtually on Wednesday, Nusseibeh said that the UAE is keen to strengthen cultural cooperation with many countries of the ...

Dubai / WAM Dubai Islamic Bank (DIB) on Wednesday announced its net profit reached AED 2.12 billion during the first half of the year, as it continues to demonstrate healthy profitability whilst ensuring prudence in growing the balance sheet. According to financial results for the period ending June 30, the bank’s total income reached AED 6.82 billion whilst net operating ...