Local News

Dubai / WAM The Pearl Initiative, a business-led non-profit organisation promoting corporate accountability in the Gulf Region’s private sector, has taken the next big step in fortifying the governance atmosphere for one of the Gulf’s most prolific economic sectors – micro, small and medium-sized enterprises (MSMEs) – by launching a unique digital platform in the Gulf region at a recent ...

HADRAMAUT / WAM Some 1,000 food parcels weighing over 80 tonnes were distributed by the Emirates Red Crescent (ERC), in Yemen’s Hadramaut governorate. Five thousand individuals and families across the Lubna and Al Haseer suburbs in the governorate received the food aid. So far in 2019, the ERC has distributed 26,744 food parcels assisting 133,720 Yemenis residing in the Hadramaut ...

Abu Dhabi / WAM More than 40 representatives from international defence manufacturing companies expressed interest in joining the Sustain and Enhance Emiratisation in Defence and Security (Seeds), programme, latest initiative of the UAE defence and security industry enabler Tawazun Economic Council. This came during a gathering hosted by Tawazun in London earlier this week, to acquaint its international defence partners with ...

Dubai / Emirates Business The search for the 30,000 ‘faces’ of Expo 2020 Dubai is building momentum with Etisalat announced as the Official Premier Partner of Expo 2020 Volunteers. Etisalat will launch an awareness campaign to encourage millions of its customers to volunteer in the lead-up to and during the largest event ever held in the Arab world. The 30,000 ...

ABU DHABI / WAM The total value of three-month deposits in UAE banks amounted to AED532bn in July, 2019, a 6.2 percent growth of AED31.22bn as compared to the preceding month. According to the CBUAE’s figures, three-months deposits, which have been steadily growing over the recent months, account for 55.3 percent of total deposits held by UAE banks, driven by ...

ABU DHABI / WAM The Emirates Water and Electricity Company (EWEC), signed an AED3.27 billion water purchase agreement, with ACWA Power, a Saudi-based developer, investor and operator of power generation and desalinated water plants. The deal will enable the development of over 900,000 cubic metres per day desalination facility in Taweelah – sufficient to meet the demand of water for ...

Dubai / Emirates Business Emirates Skywards, the award-winning loyalty programme for Emirates and flydubai, has touched a new high – 25 million members. Emirates Skywards is celebrating this key milestone with exciting offers and surprises for its members, starting September 12. This includes 25% discounts on upgrades and reward tickets on selected flights to and from Dubai, a network-wide special ...

New York / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has announced a new partnership with Swiss luxury watchmaker Breitling. With an equal passion for aviation, quality, and precision, Etihad offers a perfect platform for Breitling, who will serve as the airline’s Official Timekeeper. The announcement was made by the airline during New York Fashion ...

ABU DHABI / WAM The third edition of Qudwa – a forum that seeks to elevate the teaching profession in the UAE and improve the future of education – is scheduled to be held on October 6 at Manarat Al Saadiyat, Abu Dhabi. The forum, held under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...

DUBAI / WAM New export markets and projects being launched ahead of Expo 2020 Dubai are energising economic activity in Dubai, particularly in the trading and construction sectors and businesses are confident of improved outcomes in the months ahead. The quarterly survey of the Dubai Economy shows Composite Business Confidence Index (BCI), in the emirate improving by 2.2 points to ...