Local News

Abu Dhabi / WAM The value of spending of federal authorities increased to around AED10.44 billion during the first quarter of 2018, an increase of 17 percent compared to AED8.92 billion during the same period in 2017, highlighting the country’s continuing overall development. According to a financial performance report on the country’s budget issued by the Ministry of Finance, the ...

Dubai / WAM Dubai’s non-oil foreign trade recorded AED645 billion in the first half of 2018, an increase of AED5 billion from 2017 figures. Dubai’s re-exports registered a AED24 billion increase and grew 14 percent to AED203 billion, which reflects the robust and healthy position Dubai leads as a distinctive regional and international re-export hub, while imports touched AED377 billion ...

Dubai / WAM The Khalifa bin Zayed Al Nahyan Foundation has launched, in cooperation with the Abu Dhabi Co-operative Society, Abu Dhabi COOP, the first food outlet market that sells food supplies to UAE nationals and residents, with the exception of rice and flour, which are only available to UAE nationals, at cheap prices. The launch of the market, which ...

ABU DHABI / WAM­­­­­ Maqta Gateway, an Abu Dhabi Ports subsidiary, and Abu Dhabi Global Market (ADGM), signed a Memorandum of Understanding (MoU) to collaborate on innovation projects, technologies and knowledge transfer. The signing took place on the side-lines of the FinTech Abu Dhabi 2018. The agreement aims to spur economic growth, creative thinking and entrepreneurism through setting up a ...

SHARJAH / WAM His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), chaired a meeting of the Council on Tuesday, at the Ruler’s Office in Sharjah, in the presence of His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and ...

VIENNA / WAM The United Arab Emirates is taking part in the Annual week-long General Conference of the International Atomic Energy Agency (IAEA), at the organisation’s headquarters in Vienna, Austria. The UAE delegation, led by Hamad Ali Al-Ka’abi, Permanent Representative of the UAE to the IAEA, includes various national stakeholders in nuclear industry such as the UAE’s Federal Authority for ...

MUKALLA / WAM The Emirates Red Crescent (ERC), distributed a fresh consignment of food aid to 330 needy families in Al Rahba, Al Qariyah, Qaher, Al Quoz areas in Tarim district of the Hadramaut governorate, within the framework of its humanitarian project to support suffering families. The aid that was received by 1,650 persons from needy families included basic food ...

DUBAI / WAM Investment of more than $3.54 billion in cinema screens across the Gulf is expected to help the region’s cinema industry expand manifold following Saudi Arabia’s historic decision to open up the sector 35 years after cinemas were banned in the kingdom. The expansion of the region’s box offices and the industry’s evolution provides massive opportunities as well ...

SHARJAH / WAM The Sharjah Press Club of the Sharjah Government Media Bureau will host the fifth edition of the Arab Media Leaders Forum, an initiative by the Arab Media Forum Authority, on September 26 and 27, featuring more than a hundred leading journalists, media professionals, senior management and owners etc. The forum will open with the session titled, ‘The ...

DUBAI / WAM SICO BSC has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM). This will help create more dynamic two-way markets that will enhance the liquidity of companies listed on the exchange and result in benefits for investors and stocks of listed companies alike. The accreditation builds on SICO’s ...