Local News

Abu Dhabi / WAM The Ministry of Economy (MoE) signed MoUs to launch the ‘National Programme for Supporting Emerging, Modern and Innovative Businesses’ with 14 state-run entities as part of its participation in the 3rd Government Accelerators. The 14 departments are: Ministry of Finance; the Telecommunication Regulatory Authority; the Securities and Commodities Authority; Takamul Programmme, run by the Department of Economic ...

Dubai / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Knowledge Foundation, has honoured 31 winners, including commercial and innovative projects and people of determination, at the 12th edition of the Young Entrepreneur Competition 2018 (YEC), on Saturday. The competition is organised by Dubai SME, the agency of the ...

Sharjah / WAM Sharjah Islamic Bank (SIB), has been awarded the ISO 27001 Certification, and is among few in region to have been given this accolade. ISO27001 is a globally recognised standard for ‘Information Security Management System’ and provides the accreditation on SIB’s security practices to customers, regulators, partners and other stakeholders and ensures that SIB is aligned with the ...

Abu Dhabi / WAM The UAE International Investors Council announced its support for DP World Group and its legal measures performed in the case regarding the Republic of Djibouti’s termination of the concession contract for the Company’s operation of the Doraleh Container Terminal towards one of the most prominent Emirati investment entities in the world, the DP World company. The ...

Abu Dhabi / Emirates Business The Federal Tax Authority (FTA) has launched a roadshow to communicate directly with businesses subject to Value Added Tax (VAT) that haven’t registered yet, urging them to benefit from the exemption given by the Authority until April 30, 2018, which took into consideration the lack of preparedness among businesses in an effort to promote compliance ...

DAMMAM / WAM The UAE Armed Forces are participating in the final maneuvers of the region’s largest scale military drill ‘Joint Gulf Shield I’ with the participation of 24 friendly Gulf, Arab and Muslim countries. The drills will also be witnessed by Arab and Muslims leaders and heads of state on Monday in the Saudi Eastern Province. “The drills reinforce ...

DUBAI / Emirates Business More than 1 million Tons of Carbon Dioxide will be abated by 2030 and 1.7 TWh of electricity will be saved by the same year in Dubai, according to the new targets revealed by Dubai’s Etihad Energy Services Company, Etihad ESCO, at the 4th annual RetrofitTech Dubai Summit & Awards which began on Wednesday. The event ...

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, has established a $1 billion multi-currency Certificate of Deposit Programme (CD programme) in Hong Kong. The CD programme, which aims to provide access to new liquidity pools in Asia-Pacific, is offered in multiple currencies. The launch of the programme highlights Mashreq’s growth in Asian markets given the positive momentum ...

Dubai / Emirates Business Emirates SkyCargo, the world’s largest international cargo airline, has launched Emirates AOG – a new airfreight product designed for transporting aircraft parts quickly across the globe. Every day, spare parts are airfreighted at short notice to help repair aircraft that have been stranded due to technical reasons and lack of availability of the right spare part. ...

Dubai / Emirates Business Global air services provider dnata on Wednesday announced it has signed an agreement to acquire Qantas’ catering businesses. The agreement is subject to approval from the Australian Competition and Consumer Commission (ACCC). Qantas’ catering businesses include wholly-owned subsidiaries Q Catering Limited and Snap Fresh Pty Limited. Q Catering has centres in four Australian ports – Sydney, ...