Local News

ABU DHABI / WAM In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines (ATM), operated by banks in the UAE hit a total of 5261 by end of June, an increase of 42 facilities from 5219 in the same month in 2017, according to CBUAE statistics. The continued rise in ...

ADEN / WAM The UAE grant to support the ‘Yemen: Humanitarian Response Plan 2018’ of the UN has benefitted over 20,000 Yemeni families, the United Nations High Commissioner for Refugees, UNHCR, has said. The remarks came during a meeting between Saeed Al Kaabi, UAE Humanitarian Operations Director for Yemen, Ayman Gharaibeh, UNHCR’s Representative to Yemen, and Jacqueline Parlevliet, Head of ...

Abu Dhabi / Emirates Business Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. The Memorandum of Understanding (MoU) was signed by Alex Coelho, Chief Executive Officer at Al Hilal Bank, and Richard Teng, Chief ...

Dubai / Emirates Business Amlak Finance PJSC, a leading specialised Islamic real estate financier in the Middle East, announced its financial results for the first half ending 30 June 2018. Amlak reported net profit attributable to equity holders of AED10.4 million in H1 2018, an increase of 2% compared to AED 10.2 million for the same period last year. The ...

HODEIDAH / WAM Around 42,000 Yemenis, including 30,000 children and 6,000 women, have benefitted from the food aid distributed by the Emirates Red Crescent (ERC) to the residents of Al Tuhayta District and the liberated areas of Zabid and neighbouring villages in Hodeidah Governorate, as part of the ERC’s humanitarian efforts to rescue citizens in the liberated areas of Yemen’s ...

DUBAI / WAM The Emirates Post Group (EPG) has witnessed a high demand for the latest stamp celebrating 34-year of diplomatic relations between the UAE and China issued to mark recent historic visit of Chinese President Xi Jinping. One such request was received by 8-year-young philatelist Asmaa Humaid Issa Alsuwaidi who contacted EPG through its social media channels. Asmaa, along ...

DUBAI / WAM Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has reported a new exchange-wide open interest record of 71,586 lots on July 31. This total is equivalent to almost 71.5 million barrels of crude oil. The latest figure surpasses the previous open interest record of 69,183 lots, which was set ...

Bloomberg Abu Dhabi Airports Free Zone (ADAFZ) on Tuesday announced leading international logistics firm Gulf Agency Company (GAC) Abu Dhabi as the latest addition to its cargo terminal free zone site. As a result of its free zone status, GAC Abu Dhabi is set to enhance its customer experience, allowing cargo to be transferred to any other free zones in ...

ABU DHABI / WAM The latest figures released by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) for the emirate’s hospitality sector show the number of hotel guests staying in Abu Dhabi in June rose by 6 percent compared to the same month last year, driven largely by growing number of visitors from Saudi Arabia and ...

DUBAI / WAM Nasdaq Dubai on Tuesday announced the names of 12 Saudi Arabian companies on which the exchange will launch equity futures in September. The 12 companies are some of the Middle East’s largest businesses, active in sectors from real estate and petrochemicals to banking and transport. Their combined market capitalisation is SR859 billion ($229 billion), representing 43 percent ...