Local News

42,000 Yemenis benefit from ERC aid in Hodeidah

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 ...

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EPG gifts ‘first’ UAE-China commemorative stamp

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 ...

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DME sets new open interest record of 71.5mn barrels of crude oil

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 ...

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GAC Abu Dhabi joins Abu Dhabi Airports Free Zone

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 ...

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Abu Dhabi hotels record 6% rise in guest numbers in June

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 ...

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Nasdaq Dubai set to launch futures trading of 12 Saudi companies

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 ...

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DED receives 14,970 consumer complaints

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) saw a 23 percent increase in consumer complaints during the first half of 2018, compared to the same period last year as more consu-mers came forward and raised their concerns with the authorities as well as the merchants. The CCCP, while continuing ...

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DCT Abu Dhabi, Airbnb team up to promote ‘Emirati Experiences’

Abu Dhabi / Emirates Business The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) and Airbnb, the online community marketplace which provides access to millions of unique accommodation and Experiences around the world, have teamed up to promote the UAE capital’s offerings. DCT Abu Dhabi’s already established Emirati Experiences initiative offers visitors to the emirate a selection ...

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Dubai DED issues first licence in Chinese language

DUBAI / WAM The Department of Economic Development (DED) in Dubai has issued the first licence in Chinese and Arabic to one of the investors from the Republic of China. This is in line with the latest strategic partnerships betw-een the UAE and China to strengthen bilateral cooperation in economic, investment and trading sectors. The issuance of the Chinese licence ...

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DIFC Courts, Smart Dubai to launch blockchain taskforce

Dubai / WAM The Dubai International Financial Centre (DIFC) Courts have partnered with Smart Dubai to create the world’s first Court of the Blockchain. Building on existing dispute resolution services, the alliance will initially explore how to aid verification of court judgments for cross-border enforcement. The partnership is the first step in creating a blockchain-powered future for the judiciary which ...

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