Local News

  Abu Dhabi / WAM Pursuant to Circular No. 03 for 2016, issued on April 3, regarding the uploading of employee Emirates ID numbers in the Federal Financial System, an essential reference for all financial transactions and procedures at the national level, the Ministry of Finance (MoF) announced that it will begin implementation of the circular, and will withhold July salaries …

  Abu Dhabi / Emirates Business Union National Bank (UNB), one of the leading banks based in the United Arab Emirates, recorded a profit of AED 922 million for the first half of 2016 down by 22% year-on-year. The profit for the second quarter of 2016 of AED 472 million was up by 5% compared to the first quarter of …

  Dubai / Emirates Business A10 Networks , a leader in application networking and security, on Thursday announced that the company has signed a Value-Added Distributor (VAD) partnership with Shifra, that will enable the distributor’s regional channel partners to offer A10 Networks’ technology solutions to enterprise customers across the Middle East. Shifra will help A10 build on the company’s success …

  Dubai / Emirates Business Kia Motors Corporation announced on Thursday its June 2016 global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 268,886 units sold. This figure represents an 11.4% year-on-year increase compared to the same month of 2015. In June, Kia posted …

  Abu Dhabi / Emirates Business Fun Nation, a series of exciting and engaging workshops and performances will entertain guests of all ages at du Forum, Yas Island from July 14 to August 6 as part of Abu Summer Season 2016. An exhilarating range of sports, fashion, gaming and cooking events will be held under one roof at this all-new …

  ALKESH SHARMA / Emirates Business Radio industry, which was once considered a dud medium of entertainment, is now growing significantly in the UAE. The Emirates has emerged as one of the most refined radio markets in the Middle East and North Africa (MENA) region and has, by far, the highest number radio stations in this part of the world. …

  RITIKA SHARMA / Emirates Business Like almost all the industries, oil and gas sector deals with big data on a daily basis. Amid the speculations about fluctuations in the sector, regional experts are advising energy firms to sharpen their technology skills and invest in data management strategies to improve production and efficiency. Such is the importance of big data …

  RITIKA SHARMA / Emirates Business In an effort to keep up pace with evolving technology, telecom companies in the region are exploring cloud-based technological services. Apart from aiming to empower customers through automation of services and operation, the firms are also looking at making their businesses more efficient and accessible to trade partners. In one such move, Etisalat — …

  Emirates Business Joining the 19th Edition of Dubai Summer Surprises (DSS), HMH – Hospitality Management Holdings has announced 20% discount on bed and breakfast rates at all hotels within the group’s network in the UAE. Unveiling the offer, Laurent A. Voivenel, CEO of HMH – Hospitality Management Holdings, stated, “DSS is the region’s longest running summer extravaganza of its …

  Dubai / Emirates Business While the property market appears to be simultaneously booming and crashing, depending on which statistic you follow, or which article you read, one source reports a remarkable increase in the property market arena. compareit4me.com, the region’s leading finance comparison site, has confirmed that mortgage enquiries have rocketed from January 2015 to April 2016. According to …