Local News

CAIRO / WAM During its 50th Ordinary Session, chaired by Saudi Arabia, the Arab Information Ministers Council selected the Emirate of Dubai as the 2020 ‘Capital of Arab Media’. The Council’s decision confirms the UAE’s role in supporting Arab and international media and further recognises Dubai’s prominent media stature. Dr Sultan bin Ahmed Al Jaber, Minister of State and Chairman ...

RAS AL KHAIMAH / WAM Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras al Khaimah Chamber of Commerce and Industry, and Samata Gifty Bukari, Consul-General of the Republic of Ghana in Dubai, have discussed strengthening bilateral business cooperation and investment opportunities in different sectors. Al Nuaimi underscored the importance of enhancing ties with Ghana, and the private sector in both ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) reported a record half year net profit of AED6.3 billion, up 4 percent year-on-year, driven by revenue growth, coupled with continued cost control and prudent risk management. According to its financial results for the first half ended on June 30, FAB delivered a solid financial performance in the first half of ...

CHANDIGARH / WAM The trade and investment flow between India and the United Arab Emirates are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region. The recent launch of the ‘India-UAE Bridge’ initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smar-ter trade ...

Abu Dhabi / WAM National Reference Laboratory (NRL), part of Mubadala’s network of world-class healthcare providers, on Tuesday announced that it has signed a Laboratory Referral Services Agreement with United Eastern Medical Services (UEmedical) Group, one of Abu Dhabi’s leading private healthcare operators. NRL will become the exclusive provider of referral laboratory testing to all facilities of the UEmedical healthcare ...

ABU DHABI / WAM Commercial trade between the UAE and Canada totalled AED7.8 billion in 2018, said Badr Al Mushrekh, Director of the Commercial Policies and International Organisations Administration at the UAE Ministry of Economy. The ministry representative made his remarks while commenting on the latest ‘Trade Policy Review: Canada’ report issued by the World Trade Organisation, WTO, Secretariat. According ...

ADDIS ABABA / WAM The Khalifa Fund for Enterprise Development (KFED) has signed a strategic partnership agreement with the Ethiopian Ministry of Finance aimed at providing over $100 million (AED368 million) to help promote a culture of innovation and finance prominent projects in the Federal Democratic Republic of Ethiopia. The agreement, which was signed by Hussain Jasim Al Nowais, Chairman ...

SHARJAH / WAM Sharjah and Uganda have discussed prospects of cooperation and ways to further boost their bilateral relations in the economic and investment sector. While receiving a high-ranking Ugandan delegation led by Amongi Betty Ongom, Cabinet Minister of Lands, Housing and Urban Development, Republic of Uganda, at its headquarters, the Sharjah Chamber of Commerce and Industry (SCCI) reiterated its ...

DUBAI / WAM The UAE General Civil Aviation Authority (GCAA) has announced that the second edition of Global Investment in Aviation Summit (GIAS) 2020, themed ‘Enabling Global Aviation Growth through Fund Raising and Key Partnerships’ will be held in Dubai, starting from January 27- 29. Over 200 investors and 1,200 delegates, besides selected government officials, aviation organisations, finance and insurance ...

DUBAI / WAM The Dubai Electricity and Water Authority, Dewa, has launched its annual “Let’s Make This Summer Green” campaign to encourage members of the society to adopt practices to protect the environment and reduce their carbon footprint. “The annual campaign is part of our efforts to engage customers and members of the society in concerted efforts to protect the ...