Local News

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, emphasised that Foreign Direct Investment (FDI) lows into Dubai in 2019 continued to grow remarkably, making the emirate one of the top three global FDI locations. This achievement has been made possible by the vision and leadership of ...

Dubai / WAM Dubai International Communication Committee (DICC), on Saturday showcased Dubai’s futuristic projects and major recent economic achievements at a meeting with senior leaders of UK’s Government Communication Service. Mansoor Abulhoul, the UAE’s Ambassador to the United Kingdom, attended the event held in London. At the meeting, DICC members highlighted how Dubai is transforming itself through innovation and is ...

Dubai / WAM To make Dubai one of the leading and most distinguished investment destinations, the Dubai Land Department (DLD), entered into a strategic partnership with the current edition of Cityscape Global 2019 that will take place from September 25-27 at the Dubai World Trade Centre under the theme “Adapting to Change: Charting a Course in an Era of Transformation.” The ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates – in partnership with the Abu Dhabi National Oil Company (Adnoc) – is honoured to celebrate the leadership and people of the Kingdom of Saudi Arabia on the 89th National Day of the Kingdom. To mark the occasion, the airline will launch a series of ...

Abu Dhabi / WAM The central bank of the UAE has announced that the Money Supply Aggregate M3 edged up to AED1.632trn in August, from AED1.602trn by the end of 2018. According to bank’s statistics, government’s deposits amounted to AED269bn in August with monetary deposits standing at AED433.6bn and quasi-monetary deposits at AED853.4bn. Issued cash reached AED90.2bn, with currency in ...

Sharjah / Emirates Business Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq) has collaborated with the US–UAE Business Council to organise business seminars in Durham, North Carolina, and Pittsburgh, Pennsylvania. The objective of the seminars was to shine light on lucrative commercial opportunities Sharjah has on offer for American investors. These events were ...

Dubai / WAM The Khalifa Fund for Enterprise Development (KFED) is showcasing two businesses owned by UAE citizens at the ongoing Hotel Show Dubai 2019. The event is being held at the Dubai World Trade Centre until Thursday. The featured companies ‘National Traders Refreshments’ and ‘Overseas for Water’ are two of the most prominent KFED-supported Small and Medium-sized Enterprises (SMEs), ...

Abu Dhabi / WAM The Abu Dhabi Global Market Arbitration Centre (ADGMAC), has launched a set of Arbitration Guidelines with unique and innovative characteristics that offer parties procedures on the best practices to bring about greater certainty and efficiency to the arbitral process. The guidelines, issued as part of the ADGMAC’s ongoing commitment to raising the level of global arbitration, were ...

Dubai / Emirates Business Early on September 6, a batch of salmon arrived in Dubai in the cargo hold of Emirates flight EK 28 from Glasgow. The shipment of Scottish salmon, destined for restaurants and consumers in the UAE, was the first that was being transported for Seafood Souq, a Dubai based start-up working on transparent and efficient sourcing of ...

Dubai / WAM Months of planning have successfully led to the final piece of Al Wasl dome being lifted into place after an intricate and complex construction operation. The dome’s huge steel crown was positioned at the top of the jewel of the Expo 2020 Dubai site in an inspiring feat of precision engineering, according to a press release issued ...