Local News

ROME / WAM The UAE Embassy in Italy opened the Afghan hand-woven carpets exhibition under the theme ”Empowering Afghan women for more shining future” at San Giovanni Battista dei Genovesi in central Rome. The exhibition is being held under the Fatima bint Mohamed bin Zayed Initiative (FBMI), which offers a unique and creative approach by employing Afghan women in the handmade ...

ABU DHABI / WAM In his capacity as Ruler of Abu Dhabi, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a law amending provisions of Law No. 19 of 2005 concerning real estate sector in Abu Dhabi. The new law stipulates amendments to Articles 3 and 4 of the ‘Real Property Law’. Article 3 (i) stipulates the ...

Abu Dhabi / WAM The International Monetary Fund (IMF) has forecast the UAE’s nominal gross domestic product (GDP) to grow 4.7 percent to AED 1.673 trillion ($460 billion) in 2019, compared to AED 1.589 trillion a year ago. The GDP growth is reflective of the economic diversification efforts made by the country, according to the Washington-based fund. Driven by remarkable ...

DUBAI / WAM Dubai Investments, the leading diversified investments conglomerate listed on the Dubai Financial Market, has decided to distribute 10 percent cash dividend to its shareholders for the financial year ending December 31, 2018. A proposal to this effect was approved by shareholders at the group’s 23rd annual general meeting (AGM). The company’s shareholders also approved all other resolutions ...

Dubai / Emirates Business The UAE-based, Grandweld Shipyards, has announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be delivered in June 2019. Furthermore, the newly ...

Abu Dhabi / Emirates Business Traditional Iftar and Sohour experiences in celebration of the Holy Month of Ramadan await at the Fairmont Bab Al Bahr’s stunning Al Andalus Ramadan Tent. With breathtaking views of Sheikh Zayed Grand Mosque, the enchanting Al Andalus Tent provides the ultimate venue to enjoy an authentic Arabian Iftar and Sohour with stunning surroundings, lavish spreads ...

DUBAI / WAM The world’s tallest observation wheel will be completed in time for Expo 2020 Dubai, a Dubai-based holding company revealed on Wednesday. Meraas confirmed that Ain Dubai will be completed in time for the world expo. Standing at over 250 metres high, the structure will be over 200 percent taller than the first ever Ferris wheel, which was ...

MOSCOW / WAM The UAE participated in the fifth edition of the Arab-Russian Cooperation Forum. A ministerial level delegation, headed by Ahmed bin Ali Mohammed Al Sayegh, Minister of State, and with the attendance of Juma Mubarak Al Junaibi, UAE Ambassador to Egypt and Permanent Representative to the Arab League, took part in the event. The participants at the two-day ...

DUBAI / WAM Arab-Italian economic and trade relations will get a boost, particularly in the halal industry, following the signing of an agreement between Etihad Credit Insurance (ECI), and the Joint Italian Arab Chamber of Commerce (JIACC). The move is also in line with ECI’s mandate to support UAE’s non-oil diversification strategy by offering UAE businesses a range of conventional ...

SHARJAH / WAM Sharjah Chamber of Commerce and Industry (SCCI), recorded a growth of 16 percent in new members during the first quarter of 2019 compared to the first quarter of 2018. The chamber said it had 1,464 new members, while those who have renewed their membership has risen to 15,338, a growth rate of six percent as compared to ...