Local News

Abu Dhabi / WAM Counterfeit cheques currently expose banks, businesses and customers to financial, reputational and legal risks, and with sophisticated printing technologies incidences of fraud have increased. This phenomenon has led the UAE Banks Federation (UBF), to combat such risks, including the hosting of a workshop, in coordination with the UBF IT Committee, dedicated to addressing new and innovative ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has formalised an $3 billion (AED11 billion) deposit into the State Bank of Pakistan to support Pakistan’s economic growth and achieve the long-term objectives of its monetary policy. Announced in December 2018, the decision to formalise the deposit was made under ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the participants of the 27th conference of the General Union of Arab Writers in Abu Dhabi, being hosted in the UAE capital from January 19 to 22, with the participation of ...

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd announced that it continues to make strong progress in building its managed aircraft portfolio. In 2018, DAE concluded transactions adding 19 aircraft to the portfolio valued at over $500 million, taking DAE’s total managed fleet to 54 aircraft. DAE is growing its managed portfolio both through sales of assets targeted for ...

DUBAI / Emirates Business Al Etihad Credit Bureau (AECB), the UAE’s federal credit bureau, and Visa, the world’s leader in digital payments, signed a memorandum of understanding (MoU) to promote responsible money management among consumers in the UAE. The agreement was signed by Marwan Lutfi, CEO, Al Etihad Credit Bureau, and Marcello Baricordi, General Manager of Mena, Visa. The organisations ...

Hatta / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ordered concerned government entities to speed up the execution of projects related to Hatta’s comprehensive development plan, that seeks to turn the city into a key touristic and investment hub that offers all requirements for decent life to ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as the Ruler of Abu Dhabi, issued an Emiri Decree restructuring the Abu Dhabi Executive Council, under the chairmanship of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Decree ...

Abu Dhabi / WAM The importance of ensuring Houthi militias’ full compliance with the UN-sponsored Sweden agreement was the crux of the meeting Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, had with the envoy of the Kingdom of Sweden to Yemen and Libya, Peter Semneby. During the meeting, which was held at the premises of the ...

Abu Dhabi / WAM Prospects of cooperation in promoting investment and trade exchanges between the UAE and Australia were reviewed by Undersecretary of Ministry of Economy for Foreign Trade, Abdullah Al Saleh, and Australian Minister for Trade, Tourism and Investment, Simon Birmingham. At the meeting, which was held at the Ministry’s premises in Dubai, the two sides addressed e-commerce challenges, ...

HADRAMAUT / WAM The Emirates Red Crescent (ERC), on Monday delivered an electric generator to Thamud Directorate in Hadramaut, Yemen, to support the energy sector and solve the power outage crisis for residents. The gesture is part of the UAE’s continuing efforts to rehabilitate the infrastructure including energy across various Yemeni governorates, and to alleviate the suffering of Yemeni citizens. ...