Local News

Dubai / Emirates Business Amlak Finance PJSC, a leading specialised Islamic real estate financier in the Middle East, on Wednesday announced its financial results for the first quarter ended March 31. The company reported net profit of AED 2 million in Q1 2019 compared to AED 7 million net profit in Q1 2018. The company’s total revenues including unrealised fair ...

Abu Dhabi / Emirates Business Al Adil Trading Co LLC, UAE’s leading name for Indian food stuff expanded their presence in the region when they opened the 40th outlet of Al Adil at Khalidiyah, Abu Dhabi. The branch was inaugurated by Shilpa Shetty, the stunning and beautiful Indian actress in the presence of Dr Dhananjay Datar, Chairman, Mrs Vandana Datar, ...

Dubai / Emirates Business Dubai welcomed innovative cruise ship, Spectrum of the Seas into Port Rashid, marking its debut into the Arabian Gulf. In celebration of this significant occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the ship’s captain and key industry stakeholders from the Dubai Cruise Committee. Reaffirming Dubai’s position as ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai, issued 2,805 new licenses during April 2019, a growth of 60% compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49% were professional, 48.1% commercial, 2.3% related to tourism, and 0.6% ...

Dubai / WAM The UAE Water Aid Foundation, Suqia, launched its annual Ramadan campaign to provide drinking water in mosques and Iftar tents throughout the Holy Month of Ramadan. This campaign is running in partnership with Mai Dubai and cooperation with 14 local charities. For the second consecutive year, Suqia’s Ramadan campaign spans different countries around the world in collaboration ...

Abu Dhabi / WAM The Federal Youth Foundation launched the ‘Emirati Values Iftar’ initiative to celebrate Ramadan, whereby Emirati families host resident families from all backgrounds in their homes for Iftar meals throughout the Holy Month, introducing them to authentic Emirati customs and values. Organised under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, ...

Abu Dhabi / WAM Founder’s Memorial, a permanent national tribute to the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE, has completed its first year of operations since opening to the public in April 2018. In that time, 198,919 people from a range of ages and cultural background have visited the Memorial, including a number ...

ABU DHABI / WAM The value of financial aid provided by the UAE’s federal government and local governments totalled AED19.2 billion in 2018, reflecting the country’s keenness to support its people and strengthen community cohesion. According to statistics from the Ministry of Finance, this aid accounted for five percent of the government’s total financial expenditure in 2018, which amounted to ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company (Ad-noc), and Darren W. Woods, Chairman and CEO of Exxon Mobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related developments of mutual interest. ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, continues to reduce carbon dioxide emissions by implementing fuel saving initiatives, reinforcing its commitment to sustainability. Following a number of improvements aimed at enhancing operational fleet efficiencies, Etihad Airways reduced 148,000 tonnes of carbon emissions in 2018. The savings are equivalent to approximately 1,236 flights ...