Local News

  Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Humanitarian Foundation (KF) is to organise a mass wedding of 888 brides and bridegrooms in Bahrain for the 6th year in a row. The group wedding will be organised in implementation of the directives of President HH Sheikh Khalifa bin Zayed Al Nahyan and HH Sheikh Mohamed bin Zayed Al ...

  Dubai / WAM National Bonds Corporation, the unique sharia-compliant investments company in the UAE licensed by the UAE Central Bank and owned by the Investment Corporation of Dubai, Dubai Government’s principal investment arm, on Wednesday announced that its consistent message of encouraging a savings discipline has resulted in a staggering 75% increase in its regular savers in the UAE in ...

  Dubai / WAM Siemens AG announced that it is to set up its global headquarters for airports, cargo and ports logistics in Dubai. The company will use the site of Expo 2020 Dubai as the future location for this business after the next World Expo ends in April 2021. The German company’s decision to locate some of its key businesses ...

  Abu Dhabi / WAM The ZonesCorp announced that it has signed 4 new deals with companies to build facilities in Al Ain Industrial City, AAIC. The new projects represent a combined investment of approximately AED51 million and cover a total area of nearly 60,000sqm. After finalising deals with ZonesCorp at the end of 2016 and Q1 2017, construction of the ...

  Dubai / WAM The Low-income Families Committee of Dar Al Ber Society helped 120 eligible local government employees in the emirate of Umm Al Qaiwain to perform Umrah at its expense. The religious trip, organised in collaboration with the UAQ Council for Youth and Cooperation and 13 other government entities, is one of the12 trips sponsored by Dar Al Ber ...

  Dubai / Emirates Business Hotels developed in and around the region’s shopping malls can expect to post an Average Daily Rate (ADR) 25% higher than hotels that are not co-located with a major retail development. The findings are published in a report by Colliers International, released ahead of Arabian Travel Market 2017, which takes place April, 24-27 at Dubai ...

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) is launching Etihad REIT, a Shariah-compliant real estate investment trust (REIT). The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE. Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate ...

  Abu Dhabi / Emirates Business Etihad’s team at Abu Dhabi International Airport has welcomed 157 talented Emirati nationals from across the UAE after they graduated from the Etihad UAE National Development Foundation Programme (NDFP). Women make up 107 of the graduates and 50 are men. Within the group, 96 were trainees with Etihad Airport Services (EAS) and 61 trained ...

  DUBAI / WAM Dubai has opened its doors to the second generation of world-class construction projects with the launch of the Al Wasl Plaza Project, the main hub of Expo 2020 Dubai. Al Wasl Plaza is a dynamic, urban, cultural, environmental, tourism, educational and recreational destination for future generations, which will be completed by the end of 2019. It ...

  DUBAI / WAM Nasdaq Dubai has added NBAD (now known as First Abu Dhabi Bank), Dubai Financial Market (DFM) and Dubai Investments (DIC) to its equity futures market, raising the number of leading UAE companies on which futures can be traded to 12. Market making services on futures contracts on the three additional companies are provided by SHUAA Capital, ...