Local News

  Dubai / WAM Lt. General Dahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai, the Honorary Chairman of the Protection of Maritime Environment Society launched the first phase of the fish production enhancement programme in the presence of Sultan bin Sulayem, DP World Group Chairman, CEO and Chairman of Ports, Customs and Free Zone Corporation. Seven ...

  ABU DHABI / WAM The statistics by the UAE Central Bank affirmed improved operating efficiency, with public sector deposits up by AED23.8 billion at the end of Q1 2017, while the private sector deposits stood at AED17.6 billion over the same period, bringing to AED41.4 billion ($11.27bn) the two sectors’ total deposits. Credits offered to the trade and industrial ...

  Dubai / Agencies The estimated value of the building and construction industry in the Middle East and North Africa (MENA) region is expected to surge to US$336 billion by the year 2020, according to recent business reports. Thermal insulation technologies provide efficient solutions conducive to increasing the value of the industry in MENA from $235 billion in 2016 to ...

  ABU DHABI / AGENCIES First Abu Dhabi Bank is “seriously studying” expanding into Saudi Arabia, either through acquisitions or a new license, its chief executive officer told Al Khaleej newspaper. All opportunities for local and foreign acquisitions are open to the bank, Abdulhamid Saeed, said in an interview with the Arabic daily. First Abu Dhabi Bank was created with ...

  SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) has released details of the key themes of the Euromoney Emirates Conference to be held on May 8-9 at the Sheraton Sharjah Hotel, under the theme ‘Finance and Investment for an Innovative Economy’. Held under the patronage of Sheikh Sultan bin Mohamad bin Sultan Al Qasimi, Crown Prince and Deputy ...

Dubai / WAM Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding with Dubai Economy to allow companies operating within DIFC to obtain licenses to operate in mainland Dubai. Essa Kazim, Governor of DIFC, and Sami Al Qamzi, Director-General of Dubai Economy, signed the Memorandum of Understanding, which aims to increases levels of governance, compliance and transparency for businesses ...

  Dubai / Emirates Business Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a high-level conference to discuss the implications of value-added tax (VAT) on businesses in the UAE. The tax will kick in on January 1, 2018.The event convened more than 200 senior bankers, management consultants and experts ...

  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, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, provides great support for culture, literature, science and knowledge, placing them among its priorities, while encouraging authors ...

  Abu Dhabi / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Board of Director of National Media Council, NMC, has highlighted the importance of the Arab Media Forum as an interactive platform for the region’s media sector enabling dialogue and exchange of information to enhance media performance. “There is no doubt that holding ...

  SHABWAH / WAM The Emirates Red Crescent (ERC), continued its mission to distribute food aid across the Shabwah governorate in Yemen, as part of its efforts to alleviate the suffering of citizens and enhance their security and stability. ERC representatives said that these continued humanitarian efforts stem from the UAE’s keenness to assist the people of Yemen and to help ...