Local News

WAM / bloomberg The net income of commercial and Islamic banks operating in the emirate of Abu Dhabi amounted to AED16.6 billion during H1 of 2018, a growth of 8.4 percent over the corresponding period last year. The increase comes in line with the growth recorded across the UAE banking sector according to the statistics issued by the Central Bank ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA), has issued a resolution approving the regulatory control of Fintech. Part of a number of initiatives aiming at upgrading the financial activities and services platform in the UAE securities sector to match the best international standards and practices, the ...

DUBAI / WAM Dubai International Financial Centre (DIFC), is continuing to achieve remarkable growth in its wealth and asset management sector with world-leading firms working at impressive scale within the Centre. The number of registered companies and specialist global advisors in the Centre has increased to more than 200, including 13 of the world’s top 25 firms in the sector. ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), launched the 4th edition of the two-year Qiyadi programme, designed to enrich the knowledge and diversify the skills of Emirati engineers. “About 20 Emirati staff engineers have been enrolled in the fourth cycle of Qiyadi, aimed at nurturing their knowledge and skills in order to ensure they remain compatible with their ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Sunday received, in his office at the Ruler’s Court, a Saudi delegation of businessmen and investors led by Dr. Abdulrahman Abdullah Abdulaziz Al Moshaiqeh, Chairman of the Industrial Methods Group of Al Qussaim and Member of the Shura Council. Sheikh Humaid ...

Dubai / WAM The Steering Committee of the World Green Economy Summit (WGES), chaired by Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, Managing Director and CEO of the Dubai Electricity and Water Authority (Dewa), and Chairman of WGES, held its third coordination meeting. The meeting was held to discuss the role of the specialised ...

Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy (DED), is going on to second investment promotion mission to the United States this month in a bid to further strengthen its bilateral relations with one of the world’s leading economic powers. The high-level mission will visit the cities of Indianapolis and Detroit. The main objective of the ...

Al Ain / WAM In line with the beginning of the academic year and as part of the ongoing Al Ain Cultural Programme, Qasr Al Muwaiji is hosting a series of interactive and educational workshops for children, running until December 31. Organised by DCT Abu Dhabi, the programme of workshops has been designed to engage youngsters aged 10-18 and give ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), will organise a number of trade missions to a number of Arab and foreign countries during the next three months, starting from mid-September until mid-December, as part of its foreign visit programme of 2018. The chamber also intends to participate in a variety of prominent economic events around the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received General Raheel Sharif, Military Commander of Islamic Military Counter Terrorism Coalition (IMCTC), on Sunday. During the meeting, which was held at Al Shati Palace in the UAE capital, Sheikh Mohamed and General Sharif ...