Local News

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 ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that the UAE has set a pioneering role model in designing the future thanks to its proactive strategies and ability to plan for and forecast changes and developments in major economic and technological sectors. His Highness’s remarks ...

Dubai / Emirates Business Over 5.27 million passengers have benefitted from seamless connectivity on the Emirates and flydubai network since both Dubai-based airlines begun their partnership in October 2017. In addition, some 800,000 Emirates Skywards members have earned over 1.5 billion Skywards Miles on Emirates and flydubai codeshare itineraries in the last 12 months. Marking the milestone as the partnership ...

Dubai / Emirates Business Emirates Flight Catering (EKFC), one of the world’s largest catering services providers, has introduced a new packaging solution to further reduce waste across its food manufacturing operations. The company has replaced cardboard packaging with reusable crates to store and transport an average of 100,000 inflight meals daily. As a result of its newest environmental initiative, EKFC ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday inaugurated the main building of Sharjah Media City (Shams), which is located in Tawi Al Masnad, Sharjah. Also present during the inauguration were HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah ...

ABU DUBAI / WAM Brazil can be ‘considered as an Arab country’ thanks to a huge number of people of Arab descent in its population of more than 200 million, Brazilian President Jair Bolsonaro told the Emirates News Agency (WAM), in an exclusive interview on Sunday evening. “We always welcome everyone from the Arab world. We have more than five ...