Local News

Dubai / Emirates Business The state of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth. Promotional activity helped to stimulate client demand, reflected by new order books expanding at the fastest pace since December last year. Despite companies ramping up output, backlogs of work built ...

Dubai / Emirates Business Dubai Land Department (DLD) announced that its Finance Department activated new smart payment services through the ‘Apple Pay’ and ‘Samsung Pay’ applications. The move is aligned with the Dubai Smart Government’s strategy to support outstanding government performance based on the latest technologies. DLD introduced the service at the beginning of June and it is now in ...

Abu Dhabi / WAM The Abu Dhabi Sports Council (ADSC), and the Abu Dhabi National Oil Company, (Adnoc), on Tuesday announced the inauguration of the Adnoc Abu Dhabi Marathon, which will be held for the first time on December 7, bringing the world’s oldest race to one of the world’s most modern cities, deepening Adnoc’s commitment to the Abu Dhabi ...

Dubai / WAM Dubai Electronic Security Centre (DESC), is set to launch the first of its kind ‘Cyber Security Standard’ on Autonomous Vehicles (AV), in the region. The move marks a great achievement to the journey of excellence of the Dubai Cyber Security Strategy that was launched under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

ABU DHABI / WAM Al Yasat Company for Petroleum Operations (Al Yasat), a subsidiary of the Abu Dhabi National Oil Company (Adnoc) has awarded the Engineering, Procurement and Construction (EPC) contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company (NPCC). The agreement covers engineering, procurement, construction, and commissioning activities for offshore ...

DUBAI / WAM The UAE is the fifth largest country investing in Uzbekistan during the first quarter of 2018, according to a statistical report released by the Central Bank of Uzbekistan. The report said that Emirati investment accounted for 6 percent of the total Foreign Direct Investments (FDIs) in Uzbekistan during the first three months of 2018. The US topped ...

ABU DHABI / WAM The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) reached AED2.8 trillion in the first five months of the year, according to statistics released by the UAE Central Bank (CBUAE). The CBUAE indicated that the value was almost the same as that registered in the corresponding period last year. “January was ...

Abu Dhabi / Emirates Business The UAE Banks Federation (UBF) on Monday announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on November 11 at The Westin Dubai Al Habtoor City in Dubai. Held in association with Financial Times and The Banker under the theme, ‘Banking ...

DUBAI / WAM The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region. Titled “The Case for an Innovation Hub to Facilitate ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman on Monday, issued an Emiri Decree about reducing the tourism tax paid by hotels and tourism companies in Ajman, with the aim of promoting tourism and improving the emirate’s investment environment. Decree No. 08 for 2018 stipulates the reduction of tourism fees, ...