Local News

DUBAI / Emirates Business The higher end of Dubai’s real estate market is rather resilient. The luxury property sales market in Dubai has seen an uptick in the volume of transactions from January to June 2019, compared to the same period last year, according to Data Finder, a real estate insights and data platform under the Property Finder Group. Any ...

PUTRAJAYA / WAM Malaysian Prime Minister Dr Mahathir Mohamad on Tuesday received His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The visit which took place at the Prime Minister’s Office in Bangunan Perdana Putra, Putrajaya, was part of the His Highness’ itinerary during his one day ...

ABU DHABI / WAM The UAE has prioritised its efforts to combat human trafficking, which has surpassed basic legislative requirements, by caring for victims and countering the negative effects of the crime. The UAE’s message is in line with its ethical and humanitarian values, especially tolerance, equality and rule of law. The UAE has firmly countered attempts to undermine human ...

DUBAI / WAM Dubai Customs announced its achievements in Q2 of 2019 as a leading customs organisation that supports sustainable economic development in the UAE. “We go above and beyond fulfilling our vision of becoming the leading customs administration in the world, supporting legitimate trade and following the directives and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

DUBAI / WAM Dubai Economy saw a 19 percent increase in consumer complaints during the first six months of 2019, following improved awareness over consumer rights and the ease of access to consumer protection channels. The nationality-wise breakdown of complaints indicates that Emiratis (25 percent) were the top complainants, followed by Indians (16 percent), Egyptians (12 percent), Saudis (nine percent) ...

DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of- its-kind initiative in the UAE that allows customers to purchase Shari’ah-compliant investment products using credit cards. Starting 15 August 2019, the new scheme enables Noor Bank credit card ...

Abu Dhabi / WAM The balance of the UAE Central Bank’s deposit certificates rose to record levels during the first half of 2019, reaching around AED155.8 billion at the end of June, according to statistics issued by the bank highlighting its policy of withdrawing surplus liquidity. The value of surplus liquidity withdrawn in June amounted to around AED8.8 billion. The ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) announced signing of a mutual entry visa exemption agreement between UAE and Equatorial Guinea, which come into force from July 28. The agreement stipulates that UAE citizens may travel to Equatorial Guinea and stay up to 90 days without requiring pre-entry visa. It also stipulates that holders ...

BEIJING / WAM Dr Ali Obaid Al Dhaheri, Ambassador of the UAE to China has said that the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China, has achieved many political, economic and cultural successes. In an exclusive interview with the Emirates News ...

ABU DHABI / WAM The Ministry of Economy said that the two proposals by the United States of America to the World Trade Organisation (WTO) related to developing member countries and the benefits granted to countries with the special status will not affect the UAE’s current obligations to the organisation. It also noted that the UAE will not oppose related ...