Local News

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

Bloomberg Abu Dhabi National Oil Co. (ADNOC) is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. The company, may appoint investment banks for the share sale, likely to be on the Abu Dhabi stock exchange, as early as this week, ...

Abu Dhabi / WAM The UAE equity markets booked decent gains at the close of Tuesday’s session driven by selective purchases targeting banking and property shares and low price stocks below one dirham. The Dubai Financial Market General Index grew 0.64 percent to reach 3439 points, with Abu Dhabi Securities Exchange General Index closing 0.24% higher than Monday, at 4,408 ...

ABU DHABI / WAM The new initiatives launched by ADNOC as part of its flexible operational model will bring significant benefits to the UAE and boost the country’s domestic economy, adding to its resilience and diversity towards achieving more supremacy and competitiveness at the regional and global levels, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...

Dubai / Emirates Business As part of its expansion plan, DC Aviation Al-Futtaim, a joint venture between DC Aviation Group based in Germany and Al-Futtaim, has announced that its second hangar located at Dubai South is on course for completion before the end of the year. The 6,800sqm hangar will more than double the hangar capacity bringing its total land-side ...

ABU DHABI / WAM Abu Dhabi University has offered over AED20 million in scholarships and financial aid during the academic year 2016/ 2017, to 1,200 students. The university had already earmarked AED12 million for scholarships and financial aid at the beginning of the year to coincide with the announcement of #Year_of_Giving initiative, bringing the total volume of financial aid and ...

Dubai / WAM The UAE Gender Balance Council (UGBC) recently held its second meeting for 2017, which was led by the council’s Vice President, Mona Al Marri. During the meeting, the council discussed various topics, including the preliminary results of the Gender Balance Index across federal government entities, pension entitlements for the families of deceased female employees, the council’s brand ...

ABU DHABI / WAM Dr Ali Rashid Al Nuaimi, Director-General of the Abu Dhabi Education Council (ADEC), accompanied by Mohamed Salem Al Dhaheri, Executive Director of ADEC’s School Operations, and Ali Alhaj Al Mehairbi, Executive Director of Buildings Construction Management at the Abu Dhabi General Services Company, Musanada, toured two of the new school buildings located in Mohammed Bin Zayed ...

ABU DHABI / WAM The United Arab Emirates tops the list of Arab countries for Foreign Direct Investment (FDI) inflows, with around US$ 9 billion (AED33.3 billion) during 2016, followed by Egypt and then the Kingdom of Saudi Arabia in the third place, according to the Arab Investment and Export Credit Guarantee Corporation, Dhaman. As per the investment climate report ...

Dubai / Emirates Business Dubai has seen its efforts to combat climate change in the city richly rewarded by the C40 Cities Climate Leadership Group (C40). The governing body, which provides strategic direction for the C40 network of 91 of the world’s greatest cities committed to action on climate change, has elected His Excellency Abdullah Abdul Rahman Al Shaibani, Secretary ...