Local News

Dubai / WAM The UAE and Kenya have signed a Memorandum of Understanding (MoU), which aims to promote cooperation in the area of domestic employment. The MoU, which is complemented by a cooperation agreement on domestic workers, was signed by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, and Ukur Yatani Kanacho, Minister of Labour and Social ...

Dubai / WAM The UAE is the leading nationality in the MENA region, occupying the 46th position of out 167 nationalities, according to the 3rd edition of the Henley and Partners – Kochenov Quality of Nationality Index (QNI), which was launched in London on Wednesday. In the latest edition of QNI, the UAE nationality has significantly outperformed to become the ...

Abu Dhabi / WAM Abu Dhabi’s Smart Solutions and Services Authority (ADSSSA), signed 14 service level agreements to govern the digital data exchange process and streamline work between digital data providers and users. Aiming to further develop AD CONNECT — a comprehensive work system to enable governmental entities in Abu Dhabi to digitally exchange government documents — the agreements aim ...

ABU DHABI / WAM The Committee for Goods and Materials Subject to Import and Export Control started a three-day meeting yesterday with a delegation from the government of the Democratic Republic of Congo (DR Congo), to discuss the means of strengthening their cooperation in regulating the gold trade, according to the best international practices. The meeting was headed by Talal ...

ABU DHABI / WAM UAE’s space programs, including the planned launch of the first Arab probe to Mars by 2021, known as Emirates Mars Mission, are beacons of hope for Arabs to blaze a trail and achieve distinction in this domain, according to Dr Farouk El-Baz, Director of the Centre for Remote Sensing at Boston University, and Member of the ...

ABU DHABI / WAM Masdar and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad, or ICE) have announced a collaboration to promote renewable energy development. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eugenia Gutierrez, Member of the Board and Director of ICE, signed a Memorandum of Understanding to share technical knowledge and project experience. The agreement ...

ABU DHABI / WAM Mubadala Investment Company and Mubadala Infrastructure Partners (MIP) agreed to sell their combined equity interest of 50 percent in Abu Dhabi Terminals (ADT) to the remaining shareholder, Abu Dhabi Ports, for an undisclosed amount. ADT is the first commercial port operator in the Emirate of Abu Dhabi. Its core business is to operate and manage a ...

ABU DHABI / WAM Shuaa Capital has announced the completion of its acquisition of Integrated Securities (IS) and Integrated Capital (IC), following final approval by the Emirates Securities and Commodities Authority and the UAE Central Bank. Shuaa’s current multi-pronged business strategy — which came into effect in early 2017 — helped it return to a path of sustained long-term profitability, ...

ABU DHABI / WAM The UAE Central Bank announced that the money supply aggregate M1 rose 0.2 percent, from AED509.7 billion at the end of February 2018 to AED510.6 billion at the end of March 2018. In a statement, the bank said, “The money supply aggregate M2 increased by 0.7 percent, from AED1284.9 billion at the end of February 2018 ...

Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai to design and implement new initiatives that complement Dubai’s success in emerging as a leading global sukuk-listing hub. The announcement was made at a session to present updates on the Dubai Gold Sukuk Centre initiative to His Highness Sheikh Mohammed bin Rashid ...