Local News

Dubai / WAM The Ministry of Finance (MoF), held an official ceremony on Monday to celebrate 30 years of signing the avoidance of double taxation and bilateral investment agreements. A press conference to announce and sign a three-year extension of the MoU between the UAE and the Organisation for Economic Cooperation and Development (OECD), also took place. The MoU stipulates ...

Abu Dhabi / WAM Etihad Airways has announced that it will take part at the Saudi International Airshow with displays of some of its aircraft, products and services, and a number of important partnership announcements. The airshow is the first aviation and aerospace exhibition of its kind to be held in the Kingdom of Saudi Arabia from March 12-14. Etihad ...

DUBAI / WAM Dubai’s external non-oil trade in 2018 reached AED1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown that has led to currency rate volatility in developing countries. The latest trade figures show that Dubai is moving forward steadily as a leading international and regional trade hub ...

Abu Dhabi / WAM A total of 113 listed public joint stock companies distributed AED32 billion in dividends for 2018, according to data released by the Abu Dhabi Securities Exchange and Dubai Financial Market. The largest across the GCC and Mena region, the increased dividends reflect the growth in foreign capital invested in key listed Emirati companies. In further detail, ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that the UAE has been a long way in empowering and integrating the People of Determination in the transformational drive embraced by the country at all levels. The UAE Vice President made the remarks ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, led the opening ceremony of Qasr Al Watan – the nation’s newest cultural landmark housed ...

Dubai / WAM Considerable investment in airport infrastructure expansion in the Middle East, North Africa and South Asia (Menasa), is attracting companies from across the world to further consolidate their business through participating in Dubai’s Airport Trade Exhibition. The world’s largest annual airport exhibition will return for its 19th year in Dubai this April, with a record 375 exhibitors from ...

DUBAI / Emirates Business French based high fashion label Sakina Shbib is all set for major expansion in the Middle East and Indian market. After gaining comfortable foothold in the French market she has forayed into the Middle East. It can be seen that a large part of the multibillion dollar Middle East fashion market is dominated by the international ...

Dubai / WAM Nama Women Advancement Establishment (NAMA), announced its support to Education For Employment (EFE), efforts to train 3,500 Jordanian, Palestinian and Egyptian youth – 50 percent of them young women – and link them to job opportunities. This came as part of a partnership signed between the two sides at the Education For Employment Summit held in Dubai. This ...

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), delivered two AED229.7 million ($62mn) internal road and infrastructure projects over an area of 1.2 million square metres at Mohammed Bin Zayed city in collaboration with Abu Dhabi City Municipality and Abu Dhabi Housing Authority. The company revealed that the work is 100 percent complete of the first project related ...