Local News

DUBAI / WAM Dubai Parks and Resorts on Monday announced that it has attracted 641,000 visits in Q2 2019, up from 612,000 in 2018, representing a growth of five percent. In celebration of Philippines Independence Day, Dubai Parks and Resorts launched an exclusive bundle offer for Filipino residents in the UAE, providing access to all the parks, for non-stop entertainment ...

ABU DHABI / WAM In a report marking its 48th anniversary, Abu Dhabi Fund for Development (ADFD), the national entity for international development aid, has announced that it has allocated about AED92 billion in development funding and investments to 90 beneficiary countries. Since its inception on July 15, 1971, the fund has disbursed AED43 billion in concessionary loans, AED46 billion ...

DUBAI / WAM The Dubai Land Department (DLD) signed a cooperation agreement with Emirates Auction, the leading company in managing public and online auctions in the Middle East, to organise and manage selective real estate auctions under the remit of the DLD for individuals and institutions. The agreement provides for a strategic partnership to develop the real estate sector in ...

ABU DHABI / WAM The Industrial Production Index rose by 16.6 percent in the first quarter of 2019, compared to the same period in 2018, rising from 122.3 percent to 142.5 percent during the monitoring period, according to figures released by the Statistics Centre-Abu Dhabi (SCAD). The index also rose by 42.4 percent in the first quarter of 2019, compared ...

SHARJAH / WAM Real estate transactions worth AED14.7 billion were record-ed in the Emirate of Sharjah in the first half of 2019, according to a latest report of the Sharjah Real Estate Registration Directorate (SRERD). Abdul Aziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Directorate in Sharjah, said that 27,588 total transactions were recorded that covered 24 ...

Dubai / Emirates Business Dubai Land Department (DLD), represented by its regulatory arm Real Estate Regulatory Agency (RERA), signed a memorandum of understanding (MoU) with the Arab Bank for Investment & Foreign Trade (Al Masraf) to manage and service Owners Association (OA) accounts. The MoU was signed by HE Marwan bin Ghalita, CEO of RERA, and Hussein Ohida, Assistant General ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) reports that the number of new companies joining SCCI this year reached 2,720, 14 percent higher than this period last year. The chamber also revealed that renewing memberships recorded a growth of two percent, compared to 2018, while the total number of new and renewed memberships is 32,870, marking ...

ABU DHABI / WAM The Integrated Transport Centre (ITC) in Abu Dhabi and Abu Dhabi Cycling Club have signed a memorandum of understanding (MoU) to develop the walking and cycling facilities in the emirate of Abu Dhabi. The move aims to enhance the efforts dedicated to implementing infrastructures projects that follow the Abu Dhabi Walking and Cycling Master Plan. The ...

ABU DHABI / WAM Abu Dhabi Housing Authority (ADHA) and Abu Dhabi General Services Company, Musanada, announced that the overall percentage of completion at the Emirati Neighbourhood Infrastructure Project in Madinat Zayed currently stands at 83.6%. The two entities said that work is progressing as planned in the internal roads and infrastructure project at the Emirati Neighbourhood, which comprised 3 ...

DUBAI / WAM Smart Dubai has launched “Data First, The City’s Data Challenge”, a six-month-long challenge that brings together Smart Dubai’s government and semi-government data partners to underline the importance of collaborative efforts in data management, collection and insight generation. The challenge will recognise the three entities that have made the most significant progress in accordance with five key criteria: ...