Local News

Dubai / WAM Essa Kazim, Governor of Dubai International Financial Centre (DIFC), and Arif Amiri, Chief Executive Officer of DIFC Authority, received a senior delegation from China, led by Qian Keming, Vice Minister of Commerce. The meeting focused on the growing importance of DIFC’s longstanding relationship with Chinese institutions, and areas of collaboration that can support the One Belt, One ...

Dubai / WAM Emirates NBD on Wednesday announced that it has joined the rapidly growing community of members on CCRManager, a fintech platform supporting the origination and distribution of trade assets. The announcement is aligned with Emirates NBD’s digital strategy as the bank continues to lead innovation in digital banking in the region and actively participate in the fintech ecosystem. ...

Dubai / WAM A delegation representing the Ministry of Planning, Follow-up and Administrative Reformation, Egypt, visited on Wednesday the headquarters of the UAE Federal Competitiveness and Statistics Authority, FCSA, Dubai, as part of the strategic partnership between the two to enhance the government performance in Egypt. The partnership between the two covers areas of excellent performance, government capabilities and accelerators, ...

Dubai / WAM The Dubai Financial Services Authority (DFSA), on Wednesday announced the expansion of its Innovation Testing Licence (ITL), programme in response to continued interest in FinTech and the digital economy. The ITL programme enables firms to test innovations in financial technology, FinTech, in or from the Dubai International Financial Centre (DIFC). Six companies will form a new Cohort (Cohort 1) ...

DUBAI / WAM Industrial readiness in the trade sector and technology advancements could bridge the current $1.5 trillion trade finance gap, with potential to inject new growth in trade, according to a report on ‘The Future of Trade’ from DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise. The research highlights the emerging impact ...

ABU DHABI / WAM The UAE foreign assistance to Yemen has reached a total of AED13.82 billion ($3.76 billion) in the last three years, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) announced. Since April 2015 and until April 2018, the UAE has continued to provide necessary relief aid to Yemeni citizens across a number of humanitarian and development ...

ABU DHABI / WAM The air transport agreement signed between the United Arab Emirates and the United States in 2002 is the legal framework governing the air transport relationship between the two countries and reflects the open skies policy adopted by both countries. The two sides have signed a record of discussion reflecting the strong relationship and the importance of ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and a senior Lebanese economic delegation, led by Mohamed Shuqair, Chairman of the Lebanese Economic Authorities, discussed ongoing economic and commercial ties between the UAE and Lebanon across a range of sectors, as well as their potential future development, while highlighting the importance of promoting cooperation between their ...

ABU DHABI / WAM Aldar Properties announced it delivered a net profit of AED668 million for the first quarter (Q1) of 2018, up 4 percent from same period last year’s AED641 million. Talal Al Dhiyebi, Chief Executive Officer of Aldar Properties, said, “Aldar started 2018 strongly with the announcement of a historic partnership with Emaar to develop the next era ...

DUBAI / Emirates Business Amanat Holdings announced its results for the first quarter ending on March 31. Amanat recorded a net profit of AED 14.4 million, an 11% increase compared to same period in 2017. Total income rose to AED 28.3 million rising 12% compared to same period in 2017. This positive performance was mainly driven by a robust increase ...