Local News

Sharjah / WAM The Emirate of Sharjah has announced a budget with total expenses of AED25.7 billion for 2019, marking a 10 percent growth in comparison to its 2018 budget. His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the spending for 2019, which will see an increase in spending on public ...

Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX), together with General Holding Corporation (Senaat), on Sunday rang the market opening bell to celebrate the listing of the first tranche of Senaat sukuk. Valued at $300 million (AED1.1 billion), it is the first of its kind dual listing between the Abu Dhabi Securities Exchange and London Stock Exchange. The sukuk ...

Dubai / WAM National Bank of Fujairah (NBF), announced on Sunday that NBF Islamic has retained the ‘Best Islamic Window – UAE’ accolade for the third consecutive year at the Islamic Business and Finance Awards 2018. Hosted by CPI Financial, the Islamic Business and Finance Awards recognises the efforts of business leaders as they seek to promote their organisation’s Shari’a ...

Dubai / WAM Dubai remains on track to becoming the most visited city for global travel, business and events, according to the latest visitation figures released by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism). The emirate welcomed 11.58 million visitors in the first three quarters of 2018, with India retaining its position as Dubai’s leading source market, followed ...

ABU DHABI / WAM As per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the Emirati women’s representation in the Federal National Council (FNC) will be increased to 50 percent in the coming parliamentary term. The step reflects the country’s future approach aimed at achieving full empowerment of Emirati women and emphasises their pioneering and effective ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan, sent a cable of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the fourth anniversary of his accession to the throne. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

Sharjah / Emirates Business The fourth edition of the region’s leading FDI event, held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the Sharjah FDI Forum unveils on Monday. The two-day event titled ‘Shaping the Future of Economies’, on December 10-11 is bringing together 40 global ...

Emirates Business Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), is participating in the 22nd Middle East Iron and Steel Conference (MEIS), alongside being its Platinum Sponsor. The conference, held in the Grand Hyatt Hotel Dubai between December 10-12, will bring 800 iron and steel professionals from across the ...

Dubai / Emirates Business Dubai Land Department (DLD) has organised the 10th edition of its Dubai Property Show (DPS) in Mumbai with the participation of a number of leading developers. HE Majida Ali Rashid said: “DLD has chosen the most important cities in the world to focus on its promotional agenda, considering several factors, most important of which is the ...

Dubai / Emirates Business China XD, one of China’s leading specialty chemical companies and one of the top 500 non-stated owned enterprises has opened a new facility under its subsidiary – Al Composites Materials FZE in Jafza. The company is involved in the development, manufacture and sale of polymer composite materials for automotive applications worldwide. The opening marks a new ...