Local News

DUBAI / WAM Thuraya Telecommunications Company, the mobile satellite services subsidiary of the Al Yah Satellite Communications Company (Yahsat), on Monday announced the unveiling of its newest smart solutions for the fast-growing APAC market at CommunicAsia 2019 in Singapore. By combining the power of L-band with the dexterity of GSM and the global reach of Ku-band, Thuraya provides users unrivalled ...

DUBAI / WAM DMCC, the free zone for commodities trade and enterprise, has launched an exclusive offer on company set up for residents in the Jumeirah Lakes Towers, JLT, community. From June 2019, JLT residents qualify for a 40 percent reduced rate when registering a new company. “Flexibility is key when starting a business and by launching this exclusive offer, ...

ABU DHABI / WAM SALT – a global thought leadership forum fostering collaboration at the intersection of finance, technology, and geopolitics – has announced that it will bring the global thought leadership forum to Abu Dhabi later this year in strategic partnership with Abu Dhabi Global Market (ADGM). SALT Abu Dhabi, set to take place from November 19-21, will gather ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED, Dubai), issued 2,599 new licences during May 2019, a growth of 50 percent compared to May 2018 (1,736). The new licences created 8,348 jobs in the labour market. Among those issued, 54.7% were professional, 42.7% were commercial, 1.8% related to tourism and 0.8% ...

Dubai / WAM Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, reported a steady incline in tourism volumes from Romania, welcoming 29,670 overnight visitors in the first three months of 2019. Underscoring a 24 percent year-on-year increase when compared to the same period in 2018, the emirate has experienced sustained interest and a steady uplift in the number of ...

Abu Dhabi / WAM Emirates Foundation announced on Monday the launch of the fourth edition of the Emirates Award for the Arabian Gulf Youth (EAAGY). The award aims to unleash young individual’s social entrepreneurship potential and to establish leading social enterprises, which are capable of addressing and tackling collective challenges and achieving sustainable outcomes. It is one of the Emirates’ ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) on Monday announced a new strategic partnership with OCI N.V, which is a global producer and distributor of natural gas-based fertilisers and industrial chemicals, headquartered in the Netherlands. The partnership will see Adnoc combine its fertiliser business, Adnoc Fertilisers, into OCI’s Middle East and North Africa (Mena) nitrogen fertiliser ...

MOCHA / WAM With the support of the UAE, a project to increase water production capacity was launched in Mocha, on Yemen’s Red Sea Coast. It will serve more than 30,000 residents of the city and neighbouring areas. Mohammed Al Junaibi, Director of Humanitarian Affairs for the Emirates Red Crescent, ERC, in Yemen, said that the project will involve the ...

Dubai / WAM The Dubai Financial Market (DFM), International Investors Roadshow in New York 2019 has witnessed significant participation from international investment institutions. The roadshow enabled listed companies to hold 81 one-on-one meetings with senior representatives of 35 international institutions, managing approximately $3.2 trillion in assets. The roadshow was organised last week, in conjunction with the Global Emerging Markets Investor ...

Dubai / Emirates Business Next generation connectivity is one step closer for du, from Emirates Integrated Telecommunications Company (EITC), customers with the announcement that the telco is the first to launch 5G-enabled devices in the UAE. Customers will also be able to enjoy du’s 5G network without any additional charges to their existing postpaid plans. du has started selling the ...