Local News

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), issued new Employment Regulations 2019 and the Compensation Awards and Limits Rules 2019, replacing its previous legislative framework regarding employment matters. The new legislation takes into consideration public consultation that was undertaken earlier this year to review, improve ADGM’s legislative framework relating to employment. The new Regulations and Rules strengthen ADGM’s ...

ABU DHABI / WAM During his official visit to the UAE, Ueli Maurer, President of Switzerland, has participated in the groundbreaking for the Swiss pavilion at the site of Expo 2020 Dubai, accompanied by a Swiss delegation. As part of his visit to Expo, the Swiss President was received by Najeeb Mohammed Al Ali, Executive Director of the Dubai Expo ...

Dubai / WAM Union Coop has announced the immediate recruitment of 44 UAE nationals during its ‘Open Day’ recruitment drive, held at Etihad Mall. Director of Human Resources and Emiratisation at Union Coop Ahmed bin Kenaid said, “Union Coop has organised 6 ‘Open Day’ recruitment drives since the beginning of the year 2019, as a part of its commitment to ...

Fujairah / Emirates Business National Bank of Fujairah (NBF) is building a dedicated banking platform for Small and Medium Enterprises (SME) in the UAE, providing access to comprehensive financial and business services and solutions. The platform will be an exclusive digital space co-created with SMEs to understand and address their needs better. Positioned as a community platform ‘For SMEs by ...

Abu Dhabi / Emirates Business Etihad Airways (Etihad), the national airline of the UAE, and Cleveland Clinic Abu Dhabi, the pioneering multispecialty hospital, have signed an agreement – the first of its kind in the region between an airline and medical services provider – that will see the two organisations collaborate to promote Abu Dhabi as a premier medical travel ...

Dubai / WAM Emirates NBD delivered a strong set of results with net profit up 63 percent y-oy to AED12.5 billion in the first nine months of 2019. The results include an AED4.4 billion impact from the Network International transaction. Post DenizBank acquisition, Core Operating Profit grew 5 percent y-o-y, supported by a 17 percent increase in net interest income ...

DUBAI / WAM Dubai Financial Market (DFM), on Monday launched the Dubai Financial Market Sharia Index (DFMSI). According to a DFM statement, the index is first index of its kind in the UAE. It highlights DFM’s efforts to attract more Islamic investments, and is seen as a step forward by providing market participants with a benchmark to measure performance of ...

Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada) begun constructing two schools in the Ain Al Fayda area in Al Ain City, occupying a total area of more than 76.2 thousand square metres at a cost of approximately AED289.5 million. The two schools are envisaged to accommodate up to 4,050 male and female students in 135 classrooms. ...

ABU DHABI / WAM Dubai Financial Market (DFM), on Monday launched the Dubai Financial Market Sharia Index (DFMSI). According to a DFM statement, the index is the first index of its kind in the UAE. It highlights the DFM’s efforts to attract more Islamic investments, and is seen as a step forward by providing market participants with a benchmark to measure ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation of Ethiopian and Eritrean students studying in Emirati universities at the UAE’s expense. During a meeting held at the Al Bahar Palace in Abu Dhabi, HH Sheikh Mohamed bin Zayed welcomed ...