Local News

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, received a note from President Emmanuel Macron of the French Republic, regarding the bilateral relations between the two friendly countries. The note also touched on ways to further develop relations between the UAE and France in various fields, in addition to the latest developments on the regional ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), inaugurated the Al Fatah Elementary and Secondary School in Al Qataba, Khawkhah District in Hodeidah Governorate, after it has been renovated, rehabilitated and furnished, to support the education sector in Yemen. The ERC’s representative in the Red Sea Coast stated that the project was completed in record time, to enable 1,800 ...

Dubai / WAM Dubai International Boat Show gets underway next week, welcoming no fewer than 450 yachts and boats from around the world to the Dubai Canal. Ranging from fishing boats and small leisure-craft, to 50-metre (164ft) superyachts, the Dubai International Boat Show will be home to all things “chic nautique”, and will once again be the Middle East’s premiere ...

Dubai / Emirates Business The Gulf Craft Nomad Yachts range goes from strength to strength as the company pushes the innovation button with the launch of an extended range of Nomad Yachts at the Dubai International Boat Show. The new range is added to the already successful Nomad 55, Nomad 65 and Nomad 75 models which have made waves in ...

Dubai / WAM Demand within the UAE’s food and beverage sector is expected to gain momentum over the next three years, supported by the country’s fast-growing population, rising number of tourists, and expanding halal food market, according to new analysis from Dubai Chamber of Commerce and Industry. The findings of the analysis were revealed during a briefing on the sidelines ...

ABU DHABI / WAM The UAE Armed Forces has awarded 28 deals worth AED 4,878,756,832 on the third-day of the International Defence Exhibition (Idex), and the Naval Defence and Maritime Security Exhibition (Navdex). The total value of deals awarded so far to national and international companies has reached AED16.869 billion. Speaking at a press conference, General Mohammed Al Hassani, Official ...

Abu DHABI / WAM Abu Dhabi Ship Building and Leonardo signed an MoU to enhance their collaboration in the naval sector. Building on years of positive partnership for development of UAE naval capabil- ities, under the MoU, which was signed at Idex, the two parties will jointly work to create a combat management system (CMS), integration laboratory capable of testing, ...

ABU DHABI / WAM The UAE Central Bank has announced that money supply aggregate M1 increased by 0.1 percent, from AED485.6 billion at end of December 2018 to AED486 billion at end of January 2019. The money supply aggregate M2 decreased by 0.2 percent, from AED1308.4 billion to AED1305.5 billion.

ABU DHABI / Emirates Business LuLu, the largest hypermarket chain in the Middle East, launched the annual Egyptian-themed food festival “Taste of Egypt” across its stores in the UAE. The week-long fest features various offers on different product categories until February 25. In partnership with EgyptAir, LuLu will be giving away 10 tickets to Cairo in a raffle promo, where ...

DUBAI / WAM Nasdaq Dubai and Menacorp will collaborate to raise investor awareness across the Middle East and North Africa (Mena), of the expanding capital markets opportunities in the UAE and the region. The campaign will include joint roadshows conducted by Nasdaq Dubai and Menacorp in GCC and other Mena countries as well as digital outreach to a wide range ...