Local News

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation has received a thank you letter from the Director-General of the Agriculture and Irrigation Office in Yemen, Fahmi Al-Ghathanim, in which he expressed his appreciation to the Foundation for its conservation efforts in the Socotra archipelago. In the letter, the Yemeni official detailed the UAE’s efforts in the conservation ...

Abu Dhabi / WAM Japanese companies are making a strong presence in the UAE, with their number increasing 23.44 percent in the past six years, according to a top Japanese diplomat. “The number of Japanese corporations in the UAE has slowly but steadily been increasing; from 273 in 2013 to 337 in 2018,” Akihiko Nakajima, the Japanese Ambassador to the ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development announced that the registration for the third edition of the ‘Pitch@Palace UAE’ competition, aimed at providing Emirati entrepreneurs with an opportunity to pitch their innovative projects before a global audience in Abu Dhabi has now been extended to August 20. Mouza Al Nasri, Acting Chief Executive Officer, Khalifa Fund, emphasised ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA) imposed financial penalties of $299,300,000 and $15,275,925 (AED56,062,645) on Abraaj Investment Management Limited (AIML) and Abraaj Capital Limited (ACLD) respectively. In a press statement, DFSA said that the investigation, which began in January 2018, was complex and spanned multiple jurisdictions. Bryan Stirewalt, Chief Executive of the DFSA, said, “The size of ...

SHARJAH / WAM Air Arabia, the Sharjah-based low-cost carrier (LCC) has received its second Airbus A321neo Long Range. The aircraft flew nonstop from Hamburg, Germany to Sharjah International Airport. The addition of the second A321neo LR will enable Air Arabia to expand to new medium-haul markets in addition to strengthening its existing routes, the company said. The A321 neo LR ...

KUALA LUMPUR / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met on Tuesday with Mohamed Azmin Ali, Malaysia’s Minister of Economic Affairs. The two sides discussed bilateral ties between the two countries, and means to enhance them across multiple sectors, particularly in the trade ...

ABU DHABI / WAM A specialised fund launched by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) worth AED600 million, has been announced as part of an initiative to enhance Abu Dhabi’s portfolio of world-class leisure and business events and attract global event organisers to the UAE capital. The new financial stimulus announced by DCT Abu ...

ABU DHABI / WAM A total of 562,589 people have benefitted from local aid campaigns and programmes launched by the Emirates Red Crescent (ERC) between January and June 2019, with the total value of the programmes reaching AED94 million for the period. The cost of social aid provided by the ERC amounted to AED71,108,670 while the value of seasonal projects ...

Emirates Business The Dennemeyer Group marked 57 years of experience and success in the provision of international services in the field of intellectual property, such as the payment of annual fees for patents, the renewal of trademarks, filing of Recordals, the strategic consultancy in the field of IP, and advanced software solutions for the effective management of intellectual property as ...

SHARJAH / WAM Bee’ah, the sustainability pioneer of the Middle East, has launched a new project to enhance waste segregation and recycling practices to supplement the efforts of the company’s ongoing residential recycling programme. In 2012, Bee’ah had launched the UAE’s first door-to-door residential recycling program-me, which supplied communities with awareness kits on recycling. The new programme takes this initiative ...