Local News

DUBAI / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) on Monday signed a memorandum of understanding (MoU) with the Dubai International Financial Centre (DIFCA), the Dubai Financial Market (DFM), and Climate Bonds Initiative (CBI) to collaborate on growing the green sukuk sector and stepping up the exchange of knowledge and expertise in the field. The MoU signing took place ...

ABU DHABI / WAM The total value of fund transfers among the UAE’s banks grew eight percent to AED7.13 trillion during the first eight months of 2019, from AED6.61 trillion in the comparable period in 2018. According to the CBUAE’s figures, fund transfers from January through August hit AED4.864 trillion, in yet a new sign reflective of the ongoing economic ...

ABU DHABI / WAM CPhI Middle East & Africa 2019, the region’s leading platform for the pharmaceutical industry, opened in Abu Dhabi on Monday at the Abu Dhabi National Exhibition Centre (Adnec), from September 16-18. The exhibition, in its second year running, was inaugurated by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, who also introduced the keynote session. ...

Dubai / WAM The General Civil Aviation Authority (GCAA) announced the launch of the second edition of Global Investment in Aviation Summit (GIAS) under the theme ‘Enabling global aviation growth through fundraising and key partnership.’ The upcoming summit at Madinat Jumeirah, Dubai, on January 27- 29, 2020 aims at exchanging expertise and knowledge between officials and aviation industry experts and ...

DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region, and home to the largest, most developed financial technology ecosystem in the region, marks a significant milestone on Monday having registered more than 100 fintech firms in the Centre. The figures reflect a three-fold growth in ...

Dubai / WAM The UAE ranked first in the Middle East in the transition to Internet Protocol Version 6, according to statistics from Ripe NCC, Akamai Technology and Google, less than two years after it has been launched in the country by the Telecommunications Regulatory Authority (TRA). The transition to IPv6 will have a significant positive impact on the implementation ...

Abu Dhabi / WAM Data released by the Statistics Centre – Abu Dhabi, noted a 0.8% decrease in the Consumer Price Index for the period from January through August, reaching 111.1% compared to 111.9% in the comparable period of 2018. The monthly publication released by SCAD provides an analysis of the Emirate’s CPI with the base year being 2014. SCAD ...

Abu Dhabi / WAM The Joint Committee for Media Cooperation of the Saudi-Emirati Coordination Council held its first meeting in Abu Dhabi, under the chairmanship of Turki Al Shabana, Saudi Minister of Media, and Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council. The meeting aimed at developing media strategies, joint plans ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), received a high-level delegation from the Republic of Tajikistan to discuss the prospects for joint cooperation and increased trade exchange, and opportunities for economic partnerships with the business communities in Sharjah and Tajikistan. Discussion took place during a meeting hosted by the SCCI, in the presence of Waleed Abdul ...

Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with Dubai Export Development Corporation (DEDC) to develop and promote trade linkages and investment opportunities for Dubai-based businesses in high growth markets. The MoU was signed by Saed Alawadi, CEO of Dubai Export Development Corporation, and Massimo Falcioni, CEO of ECI, at the 4th Future Manufacturing & Trade Summit 2019, ...