ABU DHABI / WAM Under the Patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the 4th edition of UMEX and SimTEX concluded at the Abu Dhabi National Exhibitions Centre, facilitating a huge number of trade deals valued at approximately AED749,081,718 during the three-day event. ...
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DIFC reaffirms pledge to advance fintech ecosystem
Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region, has reaffirmed DIFC’s commitment to Asian FinTech partnerships and advancing the centre’s FinTech ecosystem. DIFC has signed a Memorandum of Understanding (MoU) with Tribe Accelerator, the first Singapore government supported Blockchain accelerator, to collaborate on knowledge ...
Read More »AFZ, DIFC Courts to promote wills service
Ajman / Emirates Business In support of Ajman Free Zone’s (AFZ) vision to provide an efficient business ecosystem, AFZ signed a Memorandum of Understanding (MoU) with the Dubai International Financial Centre (DIFC) Courts to promote the public wills service provided by the UAE’s first English-language common law court. The agreement was signed by Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of ...
Read More »Data a key pillar to achieve 50-year strategy objectives
DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that data is a key pillar in the strategy to realise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform ...
Read More »IACAD gives AED72mn in charitable donations
DUBAI / WAM The Charity Sector at the Islamic Affairs and Charitable Activities Department in Dubai (IACAD) has announced that the charitable donations by the Department worth AED72,641,580.05 in 2019. The donations reached over 177,000 beneficiaries over the past year included education, health, housing, food and others. The annual report issued by the Charity Sector at IACAD indicated that the ...
Read More »UAE halal products system explained to ARSO members
DUBAI / WAM The Emirates Authority for Standardisation and Metrology (Esma) carried out a knowledge exchange exercise about the UAE’s control systems for halal products, as part of its 2020 range of programmes. The Esma training course was carried out for various members of the African Standardisation Organisation (Arso), which represents the largest regional grouping for standardisation bodies in the ...
Read More »Fujairah’s oil products’ stocks see record jump
Fujairah / WAM Inventories of oil products at the bunker trading hub of Fujairah in the UAE climbed to a record this week after gains in light, middle and heavy distillates, according to data provided exclusively to S&P Global Platts. Inventories rose 13 per cent week on week to 25.98 million barrels as of Monday, beating the previous all-time high ...
Read More »UAE ranks first in Arab world in soft power index 2020
ABU DHABI / WAM The UAE has been named the Middle East’s highest ranked soft power nation in Brand Finance’s ‘Global Soft Power Index 2020’. According to Brand Finance, the UAE is in 18th position worldwide in the index and has received a soft power score of 45.9 out of 100. “The UAE’s main soft power strength is its appealing ...
Read More »Adnoc, Added sign deal to drive in-country value for Abu Dhabi
ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added), and the Abu Dhabi National Oil Company (Adnoc), on Tuesday signed a Memorandum of Understanding (MoU), to enhance cooperation and drive in-country value (ICV), for Abu Dhabi following the success of Adnoc’s ICV programme. Under the terms of the agreement, Added will integrate and standardise Adnoc’s ICV certification ...
Read More »COVID-19: UAE halts all Iran flights over virus outbreak
ABU DHABI / WAM The UAE’s General Civil Aviation Authority (GCAA) announced the suspension of all flights arriving to and departing from Iran, effective immediately. According to the GCAA, all passenger and cargo aircraft traveling to and from Iran will be suspended for a period of one week, and could be up for extension. The decision is a precautionary measure ...
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