Local News

Sharjah / WAM­­­­­ His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has allocated AED4.5 million to purchase the latest publications of the participating publishers at the 37th Sharjah International Book Fair (SIBF 2018). The gesture is a continuation of HH’s constant approach to support the book industry and publication houses with the ...

Dubai / WAM The Dubai Land Department (DLD), announced that the real estate brokerage commissions reached AED842 million during the first nine months of 2018. Brokers contributed to concluding 18,121 transactions in that period, the Department added. A report issued by the Department of Real Estate Studies and Research at DLD shows that brokers earned AED429 million from land sales, ...

ABU DHABI / WAM The UAE will on Sunday launch the Unified Customs Strategy, announced Ali Al Kaabi, Customs Commissioner and Head of the Federal Customs Authority. Al Kaabi said the strategy aims to support the country’s security and customs systems, maintain community security and stability and improve the UAE’s rankings in the international competitiveness indexes. He stated that the ...

ABU DHABI / WAM The 4th International Conference on Future Mobility (ICFM), will be held in Abu Dhabi on Tuesday, featuring a world-class team of experts in the automotive industry and technologies. More than 450 experts and professionals are expected to represent more than 175 government and private institutions from 18 countries at the event. The conference and its accompanying ...

DUBAI / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, announced the UAE will contribute $1.5 million annually for the period 2019 to 2021, cumulatively amounting to $4.5 million, to fund the projects carried out by the Global Green Growth Institute (GGGI). The announcement was made at GGGI’s Assembly and Council, held at the South Korean ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) announced its financial resu- lts for first nine months of the year. Adnic reported net profit of AED218.8 million for the period, up 22.6% compared with the same period of last year. Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “The results stand as testament to the company’s continuous ...

DUBAI / WAM UAE-based Emirates Integrated Telecommunication Company (du) has signed a network installation outsource for services (NIO) agreement with Ch-ina Communication Services International (CCS). The contract will enable CCS UAE to provide services for installation and maintenance works acr-oss du’s vast “Access and Transport Network”. Osman Sultan, CEO of du, said, “This contract signifies another bold step towards the ...

DUBAI / WAM Transactions on the Nasdaq Dubai Murabaha platform for Islamic financing have exceeded a total of $100 billion, reflecting its popularity with corporate and individual users. Established jointly by Nasdaq Dubai and Emirates Islamic, the platform meets needs ranging from funding for corporate growth and expansion to personal finance for retail customers. Transactions so far in 2018 have ...

SHARJAH / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the 37th edition of the Sharjah International Book Fair (SIBF), on Wednesday. HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the ...

DUBAI / WAM­­­­­ Juma Mohammed Al Kait, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy, discussed, with a delegation from the Ningxia region of China, headed by Xiang Chigang, Mayor of Yinchuan, ways of promoting their commercial and economic cooperation. During the meeting, which was held at the ministry’s headquarters in Dubai, both sides highlighted the importance ...