Local News

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) on Wednesday entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement reflects the commitment of both authorities to develop an environment that supports the sustainable development of financial services through emerging technology. ...

Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is launching its third premium residential project in Du-bai Healthcare City (DHCC) Fa- wad Azizi Residence. The AED 342mn project is spread over a total construction area of 565, 503 sqft and will have a total of 396 upscale apartments compr-ising 201 studio apartments, 165 ...

DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced the launch of DirectRemit services to the United Kingdom (UK), enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates. Emirates NBD’s remittance service is the fastest in the UAE and enables GBP transfers to Lloyds Bank accounts in less ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has designated India as the guest of honour for the 29th edition of the Abu Dhabi International Book Fair (ADIBF), which will be held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

DUBAI / Emirates Business A developer for innovative technologies; i-Life Digital Technology announced the launch of its latest notebooks for students in the UAE. With schools moving towards e-learning; digital devices are the most essential and a must-have for students today. I-Life has launched three new devices, Zednote Prime- Convertible, Zedair-Ultra slim and Zedair-Lite Ultra slim notebook. i-Life’s new range ...

ABU DHABI / WAM Dubai based Zaitoun Green Shipping LLC has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on radically improving performance of container ships and forming a new business model for this market. The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery ...

DUBAI / WAM Dubai Airport Freezone Authority (Dafza) announced strong business results for first half of 2018, showing an 11 percent growth in Earnings Before Interest, Depreciation (EBID) in comparison with same period of 2017 and a growth of new rental revenues by 27 percent. The results include a 10 percent increase in licensing revenues and a 31 percent increase ...

Dubai / Emirates Business The Museum of Illusions, the world’s fastest growing museum chain, is heading to Dubai — with its biggest edition yet poised for a September opening at the emirate’s Al Seef development located near the iconic Dubai Creek. A flagship attraction in the heritage and cultural development on Dubai Creek, the full line-up of exhibits at Museum ...

Dubai / Emirates Business The Dubai International Financial Centre (DIFC) Courts released its key figures for the first half of 2018, with total a volume of 368 cases across all divisions, revealing a 64% increase year-on-year. The overall value of claims saw an increase of 181% over the same period, delivering strong growth for the English-language common law courts. The ...

SHARJAH / WAM The Sharjah Executive Council (SEC) reviewed on Tuesday a set of proposals of the retail project (Supermarkets) in Sharjah. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, said that the presentation included a number of suggestions and recommendations, as well as accurate statistics of the grocery stores in the various areas of Sharjah ...