Local News

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED), mandated to develop the small and medium enterprise (SME), sector, supported 4,227 Emirati entrepreneurs with incentives and facilities worth AED101 million ($27.5 million) in 2018. The number of entrepreneurs represents an increase of 32 percent over the previous year and the increase in the value of ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), announced the establishment of the ‘Zayed Centre of Excellence for Financial Research’, at the Higher Colleges of Technology – Abu Dhabi Women’s campus. The Centre’s main objectives includes collaborating with HCT on research related to finance including, but not limited to, finance-related data analytics, financial technology services, artificial intelligence, blockchain, ...

Abu Dhabi / WAM As part of the Abu Dhabi Government’s accelerator programme ‘Ghadan 21’, the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has announced strategic initiatives to further drive the development of the Emirate’s tourism sector. In line with the Ghadan 21 ambition, to make Abu Dhabi one of the best places in the world ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted the National Space Strategy 2030 during its meeting at the Presidential Palace in Abu Dhabi. The Cabinet meeting was attended by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that the value of its direct and indirect impact on the Abu Dhabi economy in 2018 registered AED3.41 billion, taking the total value of its contribution to the local economy since its inception in 2005 to AED32 billion. The company shared its 2018 results at a press ...

ABU DHABI / WAM The UAE consolidated government revenues increased to AED304.5 billion during the first nine months of 2018, up 4.8 percent on year, with expenses picking up from AED259.3 billion over the first nine months of 2017 to as much as AED267.2 billion in the corresponding period of 2018, according to figures released by Federal Competitiveness and Statistics ...

Dubai / WAM Dubai World Trade Centre (DWTC), revealed that its hospitality division – Hospitality by DWTC – catered for 1,056 high-profile external events in 2018, serving a total of 415,293 guests. DWTC continues to strengthen Dubai’s competitiveness as a regional event destination. “The impressive results for 2018 are a testament to the competency of the entire Hospitality by DWTC ...

Abu Dhabi / WAM The UAE, represented by the Emirates Red Crescent (ERC), distributed 25 fishing boats to the families of martyrs and disabled people in Al Buraiqa District, Aden Governorate, continuing its support for Yemeni fishermen. Mohammed Al Kaabi, ERC Representative, said that the boats were distributed in Qaewa, Ras Omran, Fiqm and Al Haswa while stressing that in ...

ABU DHABI / WAM The UAE financial regulators have announced the launch of a new fund passporting facility to help promote investment fund in the country. In a statement, the Emirates Securities and Commodities Authority (ESCA), the Financial Services Regulatory Authority (FSRA), of Abu Dhabi Global Market (ADGM), and the Dubai Financial Services Authority (DFSA), said that following the enactment ...

DUBAI / WAM The Dubai Investment Development Agency, Dubai FDI, kicked off its first of a series of visits for 2019 under the Global Promotional Investment Programme. The tour, which takes place from March 9 to March 16, is aimed towards strengthening bilateral relations with one of the most important global economic powers while also opening new markets in line ...