Local News

SEOUL / WAM Abu Dhabi Investment Forum was launched on Wednesday in Seoul, South Korea. The Forum is organised by Abu Dhabi Investment Office of the Department of Economic Development (DED) in Abu Dhabi in collaboration with the UAE Embassy in South Korea as part of the ADIO’s annual programme aimed at attracting FDI to the Emirate of Abu Dhabi. ...

Dubai / Emirates Business Bank of London and The Middle East (BLME), announced the opening of a branch in the Dubai International Financial Centre (DIFC). BLME is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of London and The Middle East plc DIFC Branch is regulated by the Dubai ...

DUBAI / WAM Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, co-ordinated and led a multi-sector trade mission to Croatia to capitalise on the economic prospects in the country and its significance as an efficient gateway to the wider European Union (EU), as well as to Central and South Eastern Europe. The trade ...

ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) completed the e-link project with Abu Dhabi Judicial Department — as part of both government institutions efforts to leverage performance, improve customer services, facilitate procedures and enhance communication channels. Under the project, official transactions will be based on a centralised digital system for both parties, as of March 2018. It ...

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, on Tuesday announced that it will enter the non-bank financial institution (NBFI) space in India through an engagement with IL&FS Financial Services Ltd to offer external commercial borrowings (ECB) in Indian Rupees. Through the IL&FS Group, Mashreq will serve the Indian market across various verticals including financial services, power, ...

Abu Dhabi / WAM The UAE and Belarus have signed multiple cooperation agreements in media, disaster management, facilitation of customs procedures, and health sector on the eve of 4th joint Emirati-Belarusian committee ministerial meeting in Abu Dhabi on Tuesday. Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, led the UAE side, and Belarus was represented by its ...

Abu Dhabi / WAM Ibrahim Mahmoud Al Mahmoud, First Vice Chairman of the Board of Directors of Abu Dhabi Chamber of Commerce, and Mohammed Dansanta Rimi, Ambassador of Nigeria to the UAE, have discussed ways of promoting mutual cooperation between companies and institutions from Abu Dhabi and Nigeria. During the meeting, Al Mahmood said that the chamber aims to promote ...

Dubai / Emirates Business Noor Bank, one of the leading Shari’a compliant banks in the UAE, on Tuesday announced the launch of Noor Home, establishing an independent identity for its successful home finance business. Leveraging the robust track record of catering to the bank’s home finance customers, the newly named Noor Home will cater to both potential home buyers and ...

Dubai / WAM The Roads and Transport Authority (RTA), in Dubai has closed 40 private parking yards following an inspection campaign, where offending parking operators were found to breach the prescribed stipulations in place or have failed to obtain the applicable licensing permits. Maitha bin Adai, CEO of RTA’s Traffic and Roads Agency, said, “This inspection campaign was launched to ...

Dubai / WAM Major General Mohammed Ahmed Al Marri, Director General, General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA-D), said that by 2030, the smart gates at Dubai airports will replace passport officials’ platforms with a view to reducing the human involvement factor in application of Dubai’s 10X initiative. The 10X initiative was first launched in February 2017, ...