Local News

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has launched the recent edition of the UAE Financial Stability Report (FSR). The report provides relevant information, financial data, and stability assessments related to the UAE financial system, reinforcing the confidence and transparency in the banking and financial system across the Emirates. According to the report, CBUAE noted that ...

ABU DHABI / WAM The UAE provided $5.59 billion in foreign assistance to Yemen between April 2015 and June 2019, which was used to help rebuild various sectors in the country, including vital infrastructure and to restore health and social services. In data obtained by Emirates News Agency from the Ministry of Foreign Affairs and International Cooperation, a breakdown of ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry and the Costa Rica Embassy in the UAE discussed available mutual economic and investment opportunities in Abu Dhabi and Costa Rica. Their discussion took place during a meeting between Mohammed Thani Murshid Al Rumaithi, Chairman of the Chamber, and Francisco Chacon Fernandez, Ambassador of Costa Rica to the ...

Dubai / WAM The Dubai Financial Market (DFM) announced on Monday that it has completed cash dividend distribution for the financial year 2018, with AED12.2 billion of dividends disseminated to 336,215 investors. DFM managed the dividend distribution process on behalf of 35 listed companies and investors received their dividends via iVESTOR Card as well as bank transfer. Commenting on the ...

DUBAI / Emirates Business A high-level delegation of government officials and industry leaders from the United Arab Emirates will participate at the second edition of the Global Manufacturing and Industrialisation Summit (GMIS) which is going to be held in the Russian City of Yekaterinburg from July 9 to 11. The move reaffirms the UAE’s commitment to the deployment of new ...

SHARJAH / Emirates Business The Dubai Real Estate Institute, DREI, recently signed a memorandum of understanding (MoU), with the Abu Dhabi Vocational Education and Training Institute (ADVETI) to establish cooperation in areas of common interest and to exchange expertise. The MoU is also aimed at promoting educational services in the UAE in line with the strategic national vision to empower ...

DUBAI / WAM Union Coop has announced that it has opened its purchasing ceiling to its shareholders to offer them the highest possible returns on their purchases as of the beginning of 2019. The decision comes as a result of its strategic objectives to ensure shareholder happiness and achieve high returns on their investments. Majid Hamad Rahma Al Shamsi, Chairman ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) met with an executive delegation from Morgan Stanley to discuss how to develop business relations between both entities. Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX, said, “This was a valuable introduction for the ADX. Developing business relations with such a highly experienced American multinat- ional investment bank ...

PRAGUE / WAM Public and private sector players attending the Czech-UAE Business Forum 2019 in Prague called for businesses in the two countries to explore new partnership opportunities in key sectors of mutual interest such as smart city solutions, manufacturing, logistics, healthcare, tourism and artificial intelligence, which can support the strategic vision of both governments. The high-level forum, attended by ...

DUBAI / WAM Hala China celebrated its first anniversary with the signing of six collaboration agreements to launch a host of unique events and packages in Dubai throughout 2019 and 2020. The agreements will see Hala China collaborate with Shanghai Qianxilu Cultural Communication, and leading Chinese travel agencies to boost tourism, cultural exchange, and trade and investment avenues. Held at ...