Local News

Dubai Emirates Business Union Coop, the largest consumer cooperative in the UAE reported a 26.5% increase in net profit for the first quarter of 2019, compared to the same period on the previous year, with an increase of AED 28.8 million. The first quarter of 2019 saw a net profit AED 138.5 million, compared to AED 109.7 million of 2018. ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, signed a Joint Partnership Agreement with the General Administration of Customs in Abu Dhabi, aimed at developing freight transport requirements, and enabling trains to travel more efficiently through the adoption of best practices and smart electronic technology. HH Sheikh Theyab bin Mohamed bin Zayed ...

Aden / WAM The UAE provided 80 tonnes of humanitarian and relief assistance to the Yemeni governorates of Aden, Shabwa, and Hodeidah, during the past week. The move is part of the UAE’s continuous support to Yemen and its people under the guidance of the country’s leadership. The UAE, represented by the Emirates Red Crescent (ERC), distributed 60 tonnes of ...

Abu Dhabi / WAM The first-ever shipment of UAE-produced calcined coke has begun its maiden voyage to mainland China. Some 10,500 tons of calcined coke were loaded by Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company, (Adnoc), onto the M/V Lucky Ocho, a vessel chartered by Adnoc Logistics and Services, to be delivered in Yantai, China by ...

Dubai / Emirates Business Emirates and SpiceJet have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East. Subject to necessary government approvals, the partnership will enable Emirates’ passengers to enjoy seamless ...

Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in Dubai, entitled Airport Show, will see a record participation of 211 buyers, reconfirming the exhibition’s strong position as an ultimate B2B event and reflecting the significant business opportunities available in the Middle East region. Held from April 29 to May 1 at the Dubai International ...

Abu Dhabi / WAM Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are providing increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1 percent, 3.8 percent and 2.8 percent, in the years 2019, ...

DUBAI / WAM The UAE and Saudi Arabia have announced a joint initiative to support the brotherly people of Sudan. The initiative will see the delivery of $3 billion in assistance to Sudan. The assistance bundle entails $500 million deposit into Sudan’s central bank to strengthen the country’s liquidity and monetary reserves. The remaining amount will be dedicated to support ...

ABU DHABI / WAM The United Arab Emirates has condemned the terrorist bombings that targeted churches and hotels in Colombo, Sri Lanka. In a statement on Sunday, the Ministry of Foreign Affairs and International Cooperation (MoFAIC), said that the UAE affirmed its firm stance against all forms of violence, terrorism and extremism, targeting all without distinction between religion and race. ...

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), announced the completion of the ‘Z35 Roads and Infrastructure Project’ at Mohamed bin Zayed City. The project works, valued at AED280.7 million, included the construction of internal roads and infrastructure for residential plots, in collaboration with Abu Dhabi City Municipality (ADM), and abiding by the highest international standards and specifications. ...