Local News

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 ...

DUBAI / WAM The Sustainable City, the Middle East’s first fully operational sustainable community, has announced its plan to reduce the consumption of single-use plastic (SUP) within the community by 90 percent as early as next year. The Sustainable City’s phase-out of single-use plastic — a significant environmental polluter with a lasting ecological footprint —will target plastic bags, straws, balloons, ...

DUBAI / WAM Expo 2020 Dubai is inviting anyone in the UAE, no matter their age or nationality, to be part of ‘The World’s Greatest Show in the Making’ tour – a free sneak preview of the 4.38 sqkm Expo site as it nears completion. Passing through those gates for the next 173 days will be a procession of artists ...