Local News

DUBAI / WAM The Ministry of Community Development (MOCD) partnered with Dubai Holding and Dubai Municipality to implement the first phase of the ‘Masaai Al Khair’ initiative that seeks to provide home maintenance and renovation support for social security beneficiaries and low-income families in Dubai. As part of the AED10 million initiative, phase one covers residences in Dubai’s Jumeirah, Hatta ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has signed a Memorandum of Understanding (MoU) with the Mohammed bin Rashid Housing Establishment (MRHE) to improve their strategic partnership, exchange knowledge and skills, work closely together, and effectively coordinate with each other. The MoU supports the both institutions organisational objectives and will help implement comprehensive housing projects; including residential and ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) will host the International Council of Nurses’ first Regional Conference at its Abu Dhabi National Exhibition Centre from September 25th to 27th 2018. This important Conference will be co-hosted with the Emirates Nursing Association (ENA) and in collaboration with the SEHA International Nursing, Midwifery and Allied Health conference. This ...

DUBAI / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is set to complete Shaista Azizi, one of their five projects in Al Furjan due for completion, at the end of the year. The project is advancing at a fast pace with elevation works, mechanical and electrical installations progressing to the eighth floor and upwards. ...

ABU DHABI / WAM The UAE Cabinet approved restructuring of board of the UAE Space Agency under the chairmanship of Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills. The Board of Directors includes Hamad Obaid Al Mansouri, Chairman of the Mohammed bin Rashid Space Centre as Vice President; Khalid Abdullah Al ...

DUBAI / WAM Dubai Investments, leading, diversified investment company listed on the Dubai Financial Market, has reported net profit of AED491 million for the six month period ended on June 30, an increase of AED11 million compared to AED480 million for the same period last year. Company’s total assets grew to AED19.04 billion compared to AED17.0 billion as on December, ...

Bloomberg Majid Al Futtaim Holding LLC, the Dubai-based conglomerate which operates Carrefour SA stores in the Middle East, posted a 13 percent increase in revenue during the first half, as the company’s regional expansion helped weather the impact of value-added taxation at home. Sales climbed to AED17.8 billion ($4.85 billion) from a year earlier despite “adverse market conditions,” Chief Executive ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and a delegation from Belarus examined areas of economic cooperation between Sharjah and Belarus, in addition to reviewing ways to enhance economic relations and mutual investment opportunities between the various economic sectors of both sides. Mohamed Ahmed Amin, Acting Director-General of the SCCI, and Igor Bondarev, Head of the ...

ABU DHABI / WAM In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines (ATM), operated by banks in the UAE hit a total of 5261 by end of June, an increase of 42 facilities from 5219 in the same month in 2017, according to CBUAE statistics. The continued rise in ...

ADEN / WAM The UAE grant to support the ‘Yemen: Humanitarian Response Plan 2018’ of the UN has benefitted over 20,000 Yemeni families, the United Nations High Commissioner for Refugees, UNHCR, has said. The remarks came during a meeting between Saeed Al Kaabi, UAE Humanitarian Operations Director for Yemen, Ayman Gharaibeh, UNHCR’s Representative to Yemen, and Jacqueline Parlevliet, Head of ...