Local News

Dubai / WAM The International Institute for Tolerance (IIT,) under the Mohammed bin Rashid Al Maktoum Global Initiatives, launched the World Tolerance Network (WTN), and Tolerance Decathlon, as part of its 2019-2022 strategic plan to strengthen UAE’s efforts to promote global peace and stability. The two initiatives were launched at a press conference held at IIT’s headquarters to foster a culture of ...

Abu Dhabi / Emirates Business Eshraq Investments PJSC (Eshraq), the Abu Dhabi based investment company listed on Abu Dhabi Securities Exchange (ADX), reported a net profit of AED 7.5 million for the 9-month period ended September 30, achieving another profitable quarter. Eshraq’s diversification plans continued to pay off with each of its business divisions recording profitability during the nine-month period. ...

Dubai / WAM Dubai Municipality entered the Guinness Book of World Records for completing the largest 3D printed two-storey structure in the world, with a height of 9.5 metres, spanning a total area of 640 square metres. This latest accomplishment is in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister ...

ABU DUBAI / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM), to promote and sustain an effective financial ecosystem and provide an advantageous business environment that nurtures collaboration and international competitiveness of UAE businesses. Signed during FinTech Abu Dhabi, this agreement will enable the two institutions to support the development of numerous ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), announced that Sharjah Sustainable City is one of the leading environmental projects participating in the 21st Water, Energy, Technology and Environment Exhibition (Wetex 2019.) Sharjah Sustainable City is the first project in emirate that meets the highest standards of green economy and environmental sustainability. It is the outcome of a strategic partnership ...

Fujairah / WAM The National Bank of Fujairah (NBF), announced a net profit of AED511.6 million for the period ended September 30, an increase of 10.7 percent over the corresponding period of 2018. According to a press release issued by NBF on Wednesday, the Bank also achieved strong operating profit of AED862.3 million which increased by 7.2 percent compared to ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Chairman of the Executive Office, officially graced the opening ceremony of FinTech Abu Dhabi (FinTechAD) on Tuesday at Abu Dhabi National Exhibition Centre (Adnec). Held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, Fintech ...

ABU DHABI / WAM The capitalisation of UAE capital markets amounted to AED895.5 billion ($243.8 billion) by the end of the second third of October, up 5.6 percent as compared to early this year, according to figures revealed by the country’s two main bourses. The market value of listed public and private joint stock companies is projected to further increase ...

Abu Dhabi / Emirates Business The Abu Dhabi Digital Authority (ADDA), the lead Abu Dhabi government entity spearheading the emirate’s digital transformation agenda, has announced the launch of its new service, the ‘TAMM Care for key investors,’ which is part of the integrated services platform, ‘TAMM.’ The new service has been specially created to reach out to the key investors ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Saudia, the national flag carrier of the Kingdom of Saudi Arabia, have marked the first anniversary of their commercial partnership by announcing 12 new codeshare routes to key destinations in Asia and Europe. Since signing their agreement in October, 2018, the two airlines have ...