Local News

DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of- its-kind initiative in the UAE that allows customers to purchase Shari’ah-compliant investment products using credit cards. Starting 15 August 2019, the new scheme enables Noor Bank credit card ...

Abu Dhabi / WAM The balance of the UAE Central Bank’s deposit certificates rose to record levels during the first half of 2019, reaching around AED155.8 billion at the end of June, according to statistics issued by the bank highlighting its policy of withdrawing surplus liquidity. The value of surplus liquidity withdrawn in June amounted to around AED8.8 billion. The ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) announced signing of a mutual entry visa exemption agreement between UAE and Equatorial Guinea, which come into force from July 28. The agreement stipulates that UAE citizens may travel to Equatorial Guinea and stay up to 90 days without requiring pre-entry visa. It also stipulates that holders ...

BEIJING / WAM Dr Ali Obaid Al Dhaheri, Ambassador of the UAE to China has said that the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China, has achieved many political, economic and cultural successes. In an exclusive interview with the Emirates News ...

ABU DHABI / WAM The Ministry of Economy said that the two proposals by the United States of America to the World Trade Organisation (WTO) related to developing member countries and the benefits granted to countries with the special status will not affect the UAE’s current obligations to the organisation. It also noted that the UAE will not oppose related ...

ABU DHABI / WAM Etihad Airways is to boost its services from Abu Dhabi to London Heathrow by adding a fourth year-round daily service between the two capitals, launching on October 27. The new service introduces a convenient mid-morning departure from Abu Dhabi and a late evening departure from London Heathrow and follows the introduction of additional seasonal services this ...

DUBAI / WAM The Cityscape Global Conference 2019 will reflect PropTech’s high sector profile with its theme: ‘Adapting to Change: Charting a Course in an Era of Transformation.’ PropTech – the technology that is transforming the real estate and development eco-system – is being prioritised by the upcoming Cityscape Global exhibition in Dubai and its content platforms with exhibitors saying ...

DUBAI / WAM Dubai Economy has unveiled a platform initiative to facilitate research and development (R&D) collaboration between the different ecosystem operators in the emirate, which is expected to accelerate innovation in Dubai. It is also aimed at consequently supporting the mission and strategy of Dubai Economy to promote the competitiveness and sustainable growth of the local economy. Khalid Al ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) received the ISO 31000 – Risk Management certification from the British Standards Institute (BSI). As the first financial institution in Abu Dhabi to obtain the accreditation, the ISO 31000 — Risk Management framework will help ADFD accelerate its efforts to achieve wider strategic objectives, and identify opportunities and threats well ...

DUBAI / WAM As part of its strategy for the optimal use of resources and energy, Roads and Transport Authority (RTA) has carried out 74 initiatives encompassing prominent projects in the field of green economy, environmental sustainability, and power efficiency. The ultimate objective of this drive is to use sustainable options and respond to the UAE Green Growth Strategy launched ...