Local News

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO), launched the AED535 million ‘Ghadan Ventures Fund’ to grow Abu Dhabi’s Venture Capital, VC, and start-up ecosystem. Announced recently at the launch of Abu Dhabi’s Hub71, the fund is part of the government’s Ghadan 21 programme that is working to accelerate Abu Dhabi’s economy and build a dynamic and thriving ...

Ajman / Emirates Business Ajman Free Zone has signed a partnership deal with Ipravo, a Kazakhstan based business consultancy company to represent AFZ in some central Asia and East Europe countries. This is part of AFZ’s ambitious plans to promote its services in main markets across the world and attract more businesses by highlighting the myriad benefits of establishing a ...

DUBAI / Emirates Business Ahead of the inaugural flight to Porto on July 2, Emirates is offering passengers a chance to take advantage and explore the second largest city in Portugal. Known for its historical city centre, a UNESCO World Heritage Site – Porto is a must see destination for families and solo travellers this summer. Economy Class passengers can ...

Dubai / Emirates Business Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, has signed a Memorandum of Understanding (MoU) with Dubai Cares to improve children’s access to quality education in an underprivileged community in Malawi. Through the new MoU, Deyaar will work with Dubai Cares to build a community-based school in Malawi, with ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is holding its first Capital Markets Day presentations since its IPO on the Abu Dhabi Securities Exchange in December 2017. Management will present to institutional investors and analysts in London, with a similar presentation taking place on May 8, in New York. The focus of the ...

Dubai / Emirates Business dnata, one of the world’s largest air services providers, and Lufthansa Group continue to expand their partnership in the United States. dnata has been selected to provide ramp, secure clean and passenger handling services to Lufthansa at Austin-Bergstrom International Airport and now serves the airline group, including Swiss International Air Lines, Austrian Airlines and Edelweiss Air, ...

Dubai / WAM DMCC, the world’s leading Free Zone for commodities trade and enterprise, published its second annual sustainability report on Tuesday, as part of its commitment to the United Nations Global Compact, UNGC. The report is prepared in line with the Global Reporting Initiative, GRI, Standards Core option. The report builds on the first edition released in September 2018, ...

THE HAGUE / WAM The United Arab Emirates has demanded Qatar unblock a website that allows Qatari citizens to apply for entry permits to travel to the UAE. The request was made during a hearing at the International Court of Justice, ICJ, held to consider the UAE’s plea that Qatar withdraws a complaint it lodged with the Committee for the ...

Abu Dhabi / WAM The United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is keen to unite the charitable efforts in the region and the world for a better future for humanitarian action, according to HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC released its Q1-2019 financial results, reporting strong operating performance underpinned by robust growth in gross interest and Islamic financing income and non-interest income. In a statement, the bank said its results are for the standalone ADCB entity for the first quarter of 2019, prior to the merger with Union National Bank ...