Local News

SIB 9-month profit up 4.5% to AED415.4mn

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Sharjah / WAM The Sharjah Islamic Bank (SIB), reported a net profit of AED415.4 million for the first nine months of 2019, compared to AED397.7 million for the same period last year, with a projected increase of 4.5%. The bank’s total assets reached AED45.6 billion as of the end of the third quarter of 2019, with an increase of AED890.2 ...

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6th World Green Economy summit kicks off in Dubai

Dubai / Emirates Business Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa) inaugurated on Sunday the 6th World Green Economy Summit (WGES ...

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FNC concludes its participation in IPU meetings in Serbia

BELGRADE / WAM A Federal National Council (FNC), delegation, led by Dr Amal Abdullah Al Qubaisi, Speaker of the FNC, concluded its participation in the meetings of the 141st General Assembly and the 205th Governing Council of the Inter-Parliamentary Union (IPU), held in the Serbian capital, Belgrade, with the participation of over 1,700 parliamentarians from 140 countries. During the meetings, ...

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Work on Abu Dhabi’s $1.2bn mall reaches its highest point

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ABU DHABI / WAM Reem Mall, the world’s first fully digitally enabled smart shopping mall, was officially topped out this week after construction reached the highest point for the new mall structure. The topping out at the AED4.4 billion Reem Mall ($1.2bn) was marked by key project representatives from Al Farwaniya Property Developments including Faisal Sultan, Chairman, David Boesley, Executive ...

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UAE continues its support to displaced people in Dhale, Yemen

DHALE / WAM The Emirates Red Crescent (ERC), distributed food baskets to 400 displaced families returning to their liberated villages in the Qa’tabah district of Dhale governorate, Yemen, as part of a series of humanitarian campaigns to support Yemenis overcome adversity. So far, the UAE provided more than 27,000 food baskets to nearly 190,000 people in Dhale, in addition to ...

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Dubai set to host annual construction summit

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Dubai / Emirates Business The 5th Annual Construction Summit is set to take place on October 23 at The Westin Mina Seyahi Beach Resort & Marina, Dubai. His Excellency Hussain Almahmoudi, CEO of Sharjah Research Technology & Innovation Park to deliver a keynote speech at the summit. The guests will be welcomed by Paul Wallett, Regional Director, Trimble Solutions Middle ...

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20 S Korean firms to take part in Wetex

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), confirmed that 20 South Korean companies will participate in the 21st Water, Energy, Technology, and Environment Exhibition (Wetex 2019), which will be organised by Dewa from October 21-23, at the Dubai International Convention and Exhibition Centre. It will coincide with the fourth Dubai Solar Show, the region’s largest renewable and ...

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Public invited to join neon book hunt at Umm Al Emarat Park

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ABU DHABI / WAM With hidden surprises to be found, Umm Al Emarat Park is inviting the public to gear up and join its first-ever night-time Neon Book Hunt, taking place daily from 6:00pm up to 9:00pm. Using maps, LED neon lights, clues and their detection skills, little ones and adults will have the chance to ‘hunt’ for books dispersed ...

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Smart Dubai wins three awards at Vienna event

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Dubai / WAM Smart Dubai, the Government entity tasked with leading Dubai’s smart transformation, has won three awards at the Stevie Awards 2019 – one Gold, one Silver, and one Bronze. The Award Gala took place in Vienna, Austria. The Gold Stevie was awarded to Smart Dubai’s Smart Employee application in the Human Capital Management Solution category. In addition, Smart ...

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Abu Dhabi named top tourist destination in Middle East

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Abu Dhabi / WAM Abu Dhabi won first place in the Best Destination – Middle East category for the second consecutive time at the Travel Weekly Asia Readers’ Choice Awards 2019. The award coincided with the emirate’s participation in the 12th edition of the ITB Asia travel trade show in Singapore, where the Department of Culture and Tourism – Abu ...

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