Local News

DUBAI / Emirates Business Reiterating its commitment to serving as a responsible corporate citizen, du, from Emirates Integrated Telecommunications Company (EITC), has announced the release of its 2018 annual sustainability report. Raising the bar for sustainability benchmarks in the UAE, du’s three core pillars reflect the company’s desire to deve-lop strategies that make its business more innovative and responsible. Prepared ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has been named ‘Best International Financial Centre (EMEA) 2019’ by London-based Capital Finance International (CFI.co) in recognition of its role in the advancement of capital markets and financial ecosystem across Europe, the Middle East and Africa region. The judging panel commended ADGM for its comprehensive vision and its efforts in transforming ...

DUBAI / WAM The UAE’s Kimberly Process Office and the Dubai Central Laboratory, a Dubai Municipality entity, have signed a strategic collaboration agreement to further strengthen technical expertise in the testing of rough diamonds entering the country. The agreement was signed by Maryam Al Hashemi, UAE Kimberly Process Director and Director — Precious Metals and Stones, DMCC, and Amin Ahmed ...

DUBAI / WAM Emirates Transport (ET) has achieved record growth in terms of the number and value of contracts it signed with federal institutions and local authorities during the first half of the current year. The company signed 10 new contracts to provide transportation and rental services with eight government and federal authorities during this period. Abdulghaffar Mohammed Yousef, Accounts ...

DUBAI / WAM Dubai Mercantile Exchange (DME) on Monday announced a 45 percent increase quarter-on-quarter in trading activity on the exchange’s forward curve and a 33 percent growth in exchange average daily volume (ADV) during the first half of 2019. Forward curve volume reached 208,997 contracts from April 2019 through June 2019 versus 143,703 contracts traded in Q1 2019. Exchange ...

ABYAN / WAM The UAE and Saudi Arabia are supporting a project, titled, “Urgent Support for Improving Livelihoods of Underprivileged Families,” in Abyan Governorate, Yemen, which has benefitted 4,200 local fishermen. The project is being implemented by the Food and Agriculture Organisation (FAO), supported by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), and in partnership with ...

DUBAI / WAM Dubai Land Department (DLD) has signed a partnership agreement with Online Auction company to boost the real estate market’s activities, and provide new competitive options that enhance investor confidence. The strategic partnership agreement that was signed by Sultan Butti bin Mejren, Director General of DLD, and Ahmad Mustafa Ahli, Owner of Online Auction, will impact on achieving ...

DUBAI / WAM Dubai International Financial Centre (DIFC) has reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance, following strong performance during the first half of 2019. The centre saw sustained growth in the first half of 2019, welcoming more than 250 new companies, and bringing the total number of active registered firms ...

SHARJAH / WAM Dana Gas, a regional private sector natural gas company, announced that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company’s Khor Mor and Chemchemal Fields in the Kurdistan Region of Iraq have increased by 10 percent, following the recent certification of reserves by Gaffney Cline Associates (GCA). The independently audited report, prepared ...

SINGAPORE / WAM A high-level delegation headed by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) visited Singapore to promote joint relations and exchange of best global experie- nces and practices in renewable and clean energy and sustainability. During the visit, Al Tayer met with Masagos Zulkifli, Singapore’s Minister of Environment and Water ...