Local News

DUBAI / WAM As many as 296.22 million riders used public, shared transport and taxis in the first half of this year in Dubai, according to the H1 report issued by the Roads and Transport Authority (RTA). The number reflects a healthy 6.5 percent growth rate from the figure recorded in the same period last year, which was 277.91 million ...

Abu Dhabi / WAM Abu Dhabi Ports and Jiangsu Overseas Cooperation Investment Co. Ltd. (JOCIC), have signed a five-year agreement with Industrial and Commercial Bank of China (ICBC), to make it easier and quicker for Chinese companies to do business at Khalifa Industrial Zone (Kizad), Abu Dhabi’s integrated trade, logistics, industrial and free zone. Abu Dhabi Ports, the operator and ...

NEW YORK / WAM At the UN Security Council’s annual Open Debate on children and armed conflict, the UAE reaffirmed the commitment of the Coalition to Support Legitimacy in Yemen – of which the UAE is a member – to complying with obligations under international humanitarian law, and underscored the seriousness with which the Coalition takes its responsibility to protecting ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez), is planning to reduce water and electricity consumption by 38.5 percent over the next five years. Rakez has signed a contract with Smart4Power, an energy efficiency solutions provider, for a retrofit project covering nine buildings, including a district cooling plant. The agreement, which is part of Rakez contribution towards the ...

Dubai / Emirates Business Dubai Investments PJSC, the leading, diversified investments company listed on the Dubai Financial Market, announced that it has been conferred with the ESQR Quality Choice Awards 2019 in Berlin, Germany. The award, presented in recognition of the company’s exemplary leadership within UAE’s thriving investment sector, marked Dubai Investments the only investment company awarded from the region. ...

Abu Dhabi / WAM The Airport Belgrade Catering (ABC), company, which was fully acquired by Emirati-owned Cirta Group, a group of companies supported by government entity Khalifa Fund for Enterprise Development (KFED), has secured the biggest deal with the country’s flag carrier Air Serbia. Under the terms of the agreement, ABC will provide the Serbian airline company, in which Etihad ...

Abu Dhabi / WAM The UAE’s Financial Intelligence Unit (FIU) has announced on Saturday the signing of a Memorandum of Understanding (MoU) with the Saudi Arabia Financial Intelligence Unit. The strategic partnership will further strengthen the cooperation between the two financial intelligence agencies. This will include the development of shared network platforms which will allow for enhanced knowledge sharing between ...

Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded an increase in net profit by 3 percent during the first six months (January to June) of 2019 to AED1.130 billion ($308 million), compared to the net profit of AED1.102 billion ($300 million) during the same period in 2018. Revenue for H1 2019 ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has expanded its sustainable finance outreach to Kenya. The Financial Services Regulatory Authority (FSRA), of ADGM and the Capital Markets Authority (CMA), of Kenya entered into a Memorandum of Understanding on Wednesday to enhance cooperation in sustainable finance in each other’s markets. Paul Muthaura, Chief Executive of CMA, and Philippe Richard, Executive Director-International ...

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, has received a phone call from Prime Minister Imran Khan of Pakistan. During the call, Sheikh Mohamed bin Zayed and the Pakistan PM discussed ties between the two countries and ways to further develop ...