Local News

DUBAI / Emirates Business UAE business leaders are confident in their company’s growth prospects for the first half of 2020, with 69% expressing they are ‘very confident’, according to independent research commissioned by leading international recruitment consultancy, Robert Half UAE. When questioned on the rationale for optimism, many cited their company’s objective to expand business opportunities (43%), ability to attract ...

Abu Dhabi / WAM The UAE Armed Forces signed seven new deals worth AED 468 million on the second day of the Unmanned Systems Exhibition (Umex), and the Simulation and Training Exhibition, SimTEX 2020, taking the total value of deals to AED 624,962,659. “The total value of external deals reached AED 25,821,190,” said Staff Brigadier Fahad Nasser Al Thehli, Spokesman ...

DUBAI / WAM DP World, the leading enabler of global trade, and one of the world’s largest port operators, announced on Monday it has completed the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners, alongside its partner, Caisse de dépôt et placement du Québec, thus complementing DP World’s footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, ...

ABU DHABI / WAM The UAE Space Agency has announced the details of the new UAE Space Law issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The announcement was made during an introductory workshop for the UAE Space Law, organised by the UAE Space Agency and held in Abu Dhabi. Previously, the law was passed by the ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), concluded its General Assembly Meeting on Monday at FAB’s headquarters in Abu Dhabi. According to a statement released by FAB, all items on the agenda were discussed and approved including the distribution of 74 percent cash dividends – AED0.74 per share, implying total cash dividends of AED8.08 billion – for the ...

ABU DHABI / WAM The UAE’s overall real gross domestic product (GDP), is estimated to have grown by 2.9 percent in 2019, the central bank of the UAE revealed. According to the central bank’s quarterly review report’ for Q4 of 2019, this rise in GDP was driven by the growth in the non-hydrocarbon sector, estimated at 1.1 percent, as well ...

ABU DHABI / WAM The fourth edition of the Umex and SimTEX exhibition has kicked-off on Sunday, under the theme ‘Manned-Unmanned Teaming in the Age of Smart Systems’, at the Abu Dhabi National Exhibition Centre. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...

ABU DHABI / WAM Adasi, the regional leader in autonomous systems and services, on Sunday launched the first UAE-made high-performance “Garmousha” vertical take-off and landing drone, in an agreement with the General Headquarters of the UAE Armed Forces. His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, unveiled the new unmanned system at ...

Abu Dhabi / Emirates Business Ahead of its participation at the upcoming MRO Middle East event at the Dubai World Trade Centre, Etihad Engineering announced its performance indicators for 2019 revealing that the leading maintenance, repair and overhaul (MRO) provider has signed off yet another year with a very positive record and continues to demonstrate strong potential for sustained growth ...

SHARJAH / WAM During the 44th General Assembly of the Sharjah Islamic Bank (SIB), 10 percent of the profits were distributed to shareholders, including five percent in cash and five percent of bonus shares, approved after the bank reported a net profit of AED545.5 million last year, an increase of seven percent compared to 2018, when profits reached AED510.4 million. ...