Local News

ABU DHABI / WAM The strategic ties between the UAE and China in the past five years have led to close cooperation on all fronts, with the UAE becoming China’s main commercial partner in the region, reflecting the vision and the mutual coordination of the leadership of the two friendly countries. During the past five years, the UAE and China ...

DUBAI / WAM The UAE is the most advanced e-commerce market in the Middle East and North Africa (Mena) region, according to a joint study by Dubai Economy and digital payment solutions leader, Visa, titled the “UAE eCommerce Landscape”. The study also estimates that e-commerce transactions in the country will hit $16 billion (AED59 billion) in 2019 and grow 23 ...

DUBAI / WAM DP World PLC handled 35.8 million twenty-foot equivalent units (TEU), across its global portfolio of container terminals in the first half of 2019, with gross container volumes growing by 0.5 percent year-on-year on a reported basis and 0.5 percent on a like-for-like basis. Its strong performance across Asia Pacific, the Indian Subcontinent and Africa drove growth in ...

ABU DHABI / WAM Hub71 and Techstars announced the launch of the Techstars Hub71 Accelerator Programme in Abu Dhabi, where 10 start-ups will undergo an intensive 13-week programme that will conclude with an investor Demo Day and the opportunity to receive funding to grow their businesses. The programme serves as an opportunity for start-ups to accelerate their business model and ...

BEIJING / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Wang Qishan, Vice President of China, on Tuesday attended a reception organised by the UAE Embassy in Beijing to celebrate the 35th anniversary of the establishment of the bilateral relations between the UAE and ...

DUBAI / Emirates Business Steady gains in global personal wealth slid by more than 5 percentage points in 2018, according to a new report by Boston Consulting Group (BCG), titled Global Wealth 2019: Reigniting Radical Growth. As a result of a fourth-quarter dip in stock indexes, as well as geopolitical threats, high valuation levels, and interest rate challenges, the report ...

DUBAI / Emirates Business Emirates Integrated Telecommunications Company PJSC (du) published its financial results for Q2 2019, reporting AED3.19 billion revenues, AED 1.47 billion EBITDA and AED464 million net profit after royalty for the second quarter of the year. For H1 2019, EITC reported revenues of AED6.33 billion, EBITDA of AED 2.89 billion representing growth of 1.7 percent when compared ...

Dubai / WAM Emirates Airline transported 13 million passengers to and from China over the past 10 years, which reflects the demand for flights between China and Dubai and the growing number of flights between the UAE and China. In its statement to the Emirates News Agency (WAM), the airline noted that it currently operates five flights to China per ...

DUBAI / Emirates Business The DubaiNow platform and application has processed 7.5 million transactions, worth AED4 billion, since its launch in 2015, making it the city’s preferred portal for transactions with government services, asserted Smart Dubai and the Dubai Department of Finance (DoF). The application was designed to provide a single, centralised service platform that offers fast, seamless, and paperless ...

BEIJING / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, was awarded an honorary professorship from China’s Tsinghua University for his role and initiatives in support of advanced science, technology and innovation. This came during the visit of His Highness Sheikh Mohamed bin Zayed Al ...