Local News

RAS AL KHAIMAH / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Saturday, inaugurated the new facility of Ginox Swiss, a world leader in the manufacturing of professional kitchens. The opening ceremony was attended by Jérôme Hofer, CEO of Ginox Swiss, senior officials and media. Sheikh Saud said the ...

Abu Dhabi / Emirates Business The International Defence Conference (IDC) 2019, held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the Armed Forces, wrapped up on Saturday in Abu Dhabi. HE Mohammed bin Ahmad Al Bawardi, UAE Minister of State for Defence Affairs, kicked off the final day ...

DUBAI / WAM Customs World, a subsidiary of the Ports, Customs and Free Zone Corporation (PCFC), created a first of its kind platform based on the accumulative experiences of Dubai Customs. RIISE, the new platform, will be rolled out globally to empower different countries with a cost-effective and sustainable customs system that allows to effectively and transparently manage core customs ...

Mocha / WAM A project to enable the fishing industry in Yemen has been inaugurated in Mocha, following reconstruction works by the Emirates Red Crescent (ERC). Al Ruwais fishery will enable the small-scale fishing industry to thrive once again, opening up opportunities for Yemenis to improve their economic situation. Commenting on the opening, Sultan Abdullah Mahmoud, Director-General of the Mocha ...

BERBERA / WAM DP World has launched a new water distribution centre increasing water supplies in Somaliland’s Berbera by 60%. The $1 million project started in 2018 and includes four water wells, two shallow pools, two water troughs, a concrete reservoir tank and seven kilometre pipeline connected to the main water supply. The project, powered by a hybrid solar system ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has opened on Saturday a main bridge at the intersection of Expo Road and Al Asayel Street. The bridge is a part of Phase 5 of the roads network leading to Expo site. The completion rate of this phase has exceeded 50 percent, and construction will complete this June. “RTA has ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) announced its participation in the 24th edition of Gulfood, which is taking place at Dubai World Trade Center between February 17-21, under the theme “The World of Good, The World of Food”. Dafza is one of the UAE’s biggest supporters of the Halal food industry, and will highlight its efforts to ...

DUBAI / WAM Emaar Malls – the shopping malls and retail business majority-owned by Emaar Properties, recorded a full-year 2018 net profit of AED2.230 billion, a growth of 7 percent over the Fiscal Year (FY), 2017 net profit of AED2.086 billion. Revenue for FY 2018 was AED4.446 billion, 23 percent higher than FY 2017 revenue of AED3.629 billion. Recording consistent ...

Emirates Business Aldar Properties PJSC (Aldar) reports robust financial results for the 12 months to December 31, 2018 – a transformational year with strong momentum building in the second half that has continued into 2019. The company posts AED 6.3 billion revenue, up 2%, supported by asset acquisitions and development revenue recognition as projects under construction achieve milestones. The company’s ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) on Wednesday reported its financial results for the full year ended December 31, 2018. Adnic delivered a strong set of results, with gross written premiums up by 10.1% year-on-year to AED 2.91 billion driven by growth across core lines of business. Net technical profit of Adnic increased by 22.8% to ...