Local News

DUBAI / WAM The Mohammed bin Rashid Innovation Fund (MBRIF), operated by the Emirates Development Bank (EDB), announced its financial support for ‘Lamsa’, a brand and platform for children. The first of its kind in the region, Lamsa delivers diverse interactive content focused on education and entertainment for children, overseen by Finnish experts in the fields of early childhood education. ...

DUBAI / Emirates Business Dubai Chamber of Commerce and Industry (Dubai Chamber) has supported Dubai’s high-end real estate sector through its sponsorship of LPS Beijing 2018, China’s leading invitation-only luxury property show. Dubai Chamber, which was a strategic partner for the three-day event, showcased an array of companies operating in Dubai’s elite property sector to affluent customers in the world’s ...

Hodeidah / WAM The Emirates Red Crescent (ERC), distributed 5,000 food parcels to Yemeni families across liberated towns and villages in Hodeidah in the past four days. This latest aid distribution benefited 35,000 individuals as part of the UAE-Saudi Arabia humanitarian assistance plan across Yemen’s Red Sea Coast. The UAE aid authority distributed 1,000 food baskets to Yemenis residing in ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), in Dubai has added 26 new business activities across a number of sectors in the first half of 2018, following that tracked local market needs supply and demand in those vital sectors. The move, which is part of DED’s efforts to facilitate business ...

Dubai / WAM Jebel Ali Free Zone (Jafza), the region’s trade enabler and leading business hub, on Monday signed a cooperation agreement with the General Directorate of Residency and Foreigners Affairs (GDRFA) to further simplify existing visa procedures and improve customer experience. Under the agreement, the GDRFA will provide enhanced services to companies operating in Jafza and the National Industries ...

Abu Dhabi / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM), launched the third edition of the municipality’s Internal Excellence Award (Ertiqaa), 2018. The launch of the award comes in implementation of the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...

Abu Dhabi / Emirates Business The number of hotel guests staying in Abu Dhabi increased by 4.9% during the first five months of 2018 compared to the same period last year. According to statistics from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), 162 hotels, resorts and hotel apartments offering 31,236 rooms across the emirate welcomed ...

Abu Dhabi / WAM The balance of loans lent by banks operating in the UAE to the industrial and business sectors rose 3.4 percent at the end of May 2018 to AED 774.5 billion, from AED748.9 billion in December 2017, according to figures released by the UAE Central Bank (CBUAE) on Sunday. The two sectors borrowed 48 percent of aggregate ...

ABU DHABI / WAM The Securities and Commodities Authority (SCA) is working with the Ministry of Economy (MoE) and the Organisation for Economic Co-operation and Development (OECD) to launch a new international initiative to create a platform for funding small and medium-sized enterprises (SMEs), said Dr Obaid Al Zaabi, CEO of the SCA. In his statement to the Emirates News ...

DUBAI / Emirates Business HE Mariam bint Mohammed Almheiri, Minister of State for Future Food Security, said that the future food security of the Middle East and North Africa region (Mena) depends primarily on strengthening economic and trade cooperation between regional countries, and elevating these ties to newer heights, especially in agriculture and agricultural production. “With similarities in the climatic ...