Local News

  DUBAI / WAM Emirates NBD announced it is the first bank in UAE to process loan or card applications utilising Al Etihad Credit Bureau Consumer Retail Banking Score. The AECB Consumer Retail Credit Bureau Score is the first scoring system for UAE’s retail banking customers, exclusively developed for risk prediction using historical data on repayment behaviour reported to Al Etihad ...

  Dubai / WAM Merger and acquisition (M&A) activity in the Middle East and North Africa (MENA) declined in the first quarter of 2017 recording 84 deals, compared to 115 deals in Q1 of 2016, according to the Q1 2017 M&A report from global professional services firm EY. However, the report shows that MENA deal values remained broadly stable reaching ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed on Monday the launch of Miral’s AED12 billion master development plan to transform the southern end of Yas Island in Abu Dhabi. His Highness welcomed Miral’s delegation today at the Sea Palace Abu ...

  Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA), signed new strategic partnerships with Etisalat and du telecommunications at its headquarters in Abu Dhabi. The memoranda are part of the TRA’s plan of action aimed at achieving the objectives of the UAE National Vision 2021 to raise the country’s ranking among the top 10 countries in the National Readiness Index ...

  Abu Dhabi / WAM The three-day International Conference on Investigation and Prosecution in Terrorism Financing, organised by the Ministry of Justice in co-operation with the US Department of Justice and the US Criminal Division, with the participation of a delegation of authorities from Gulf countries, representatives from local and federal prosecutions, and experts from France, Austria and Jordan, started in ...

  Zagreb / WAM The UAE has participated in the conference on science and religion, organised by the Islamic society in Croatia. Rashid Al Tunaiji, Acting Executive Director of the National Tolerance Programme, stressed during the conference titled “The Role of Religious Tolerance in the Advancement of Science” that the UAE’s wise leadership is keen to promote the values of tolerance, ...

  Dubai / WAM “Proud Expressions”, the touring art exhibition dedicated to honouring the UAE’s heroes, dropped anchor in its second stop at The Dubai Mall, running from May 8-15, before moving on to its third stop in Ras Al Khaimah’s Al Hamra Mall. Ohood bint Khalfan Al Roumi, Minister of State for Happiness, attended the inauguration ceremony, which features works ...

  Abu Dhabi / WAM The National Centre of Meteorology and Seismology (NCMS), urged motorists to be cautious due to low horizontal visibility caused by fog in various areas of the country. NMCS said that the weather will be hot in general, partly cloudy and hazy at times. Clouds will increase over some areas, especially over the eastern and northern areas. ...

  Ras Al Khaimah / WAM Saqr Port Authority, which manages the largest bulk-handling port in the middle East, has signed a deal with German machinery manufacturer Liebherr Maritime for two Liebherr LHM 800 mobile harbour cranes. The deal has been struck in support of Saqr Port Authority’s plans to establish new berths which will significantly increase the capacity of Saqr ...

  Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), announced the recipients of the second cycle of the Internal Excellence Award that honours employees for their meritorious achievements in different categories. Al Suwaidi presented the honorary plaques and certificates of appreciation to the winners of each of the six categories during ADFD’s annual ...