Local News

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 ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the issuance of Law No.19 of 2018 on Foreign Direct Investment (FDI), represents a quantum leap in the business environment in the country, strengthening its attractiveness to FDI and supporting its efforts at attracting qualitative investments in sectors such as knowledge, innovation and advanced technology, ...

DUBAI / WAM Hindustan Infralog Private Limited (HIPL), a joint venture between DP World (65%) and the National Investment and Infrastructure Fund (NIIF), (35%), has won the bid to develop and operate the Free Trade Warehousing Zone at India’s largest container gateway – Jawaharlal Nehru Port Trust (JNPT), for $78 million. Hindustan Infralog Private is the recently created investment vehicle ...

ABU DHABI / WAM The UAE has reinforced its presence in the world of digital media, through innovative strategies that have helped to convey its message locally and internationally. The UAE’s digital media is being supported by many senior officials. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, declared ...