Local News

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, on Wednesday announced that 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 the GGGI’s Assembly and Council, held ...

Abu Dhabi / Emirates Business Etihad Airways is celebrating fifteen years since its first flight and its subsequent rise as one of the world’s leading airlines. The major milestone is being marked with a series of events and initiatives in Abu Dhabi and around the world, beginning with the unveiling of an exclusive collaboration with iconic New York fashion designer, ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued a Decree-Law No. (19) of 2018 on Foreign Direct Investment (FDI) which aims to promote and develop the country’s investment environment, and attract foreign direct investment in line with the national development policies. In accordance with Article II, the decree-law aims to consolidate the country’s position ...

DUBAI / WAM Dubai trade with South Korea grew eight percent from AED 25.3 billion in 2016 to AED 27.4 billion in 2017, standing at AED8.7 billion during first six months of 2018. The figures were revealed during a meeting between Ahmed Mahboob Musabih, Director of Dubai Customs, and a South Korean delegation led by the Consul-General in Dubai, Chun ...

DUBAI / WAM Emirates Islamic bank has delivered a strong set of financial results for the period ended on September 30. The bank’s net profit increased by 32 percent year-on-year reaching AED657 million, and total income (net of customers’ share of profit and distribution to sukuk holders) increased by two percent year-on-year to AED1.8 billion. Financing and investing receivables at ...

Manama / WAM King Hamad bin Isa Al Khalifa of Bahrain has received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in the presence of Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development. King Hamad commended the results of the joint UAE-Bahrain committee that convened on October 29-30, during which a ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, officially inaugurated the Global Islamic Economy Summit 2018 (GIES), the world’s largest forum dedicated to all aspects of the Islamic economy, which got underway in Dubai on Tuesday. Held under the theme “A Shared Future”, the two-day ...

Dubai / WAM Dubai Maritime City (DMC), has participated in the 9th edition of the Seatrade Maritime Middle East Conference and Expo taking place at the Dubai World trade Centre. Dubai Maritime City’s participation is to play a significant role in promoting UAE as a first-class maritime destination and will provide a platform for DMC to showcase the recent and ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday crowned Maryam Amjoun, a student from Morocco, as Champion of the third Arab Reading Challenge at a packed award ceremony at Dubai Opera and presented her with the cash prize of AED500,000. Al-Ikhlas School from Kuwait ...

Sharjah / Emirates Business Sharjah Entrepreneurship Center (Sheraa) on Tuesday announced that the second edition of the largest entrepreneurship festival in the UAE, Sharjah Entrepreneurship Festival (SharjahEF), will be held on November 20-21, at the Sharjah Golf and Shooting Club. Held under the patronage of Sheraa Chairperson HE Sheikha Bodour Bint Sultan Al Qasimi, the 2018 edition of SharjahEF will ...