Local News

  Abu Dhabi / WAM Net foreign and corporate investments at UAE stock markets surged to AED 613 million during April 2017 despite the relative volatility of some stocks over the past four weeks. The increasing liquidity is attributable to the hike in foreign purchases, specially by non-Arabs, which hit AED 4.813 billion in April, with sales for the same ...

  SHARJAH / WAM The UAE Ministry of Economy has revealed the signing of a new cooperation agreement with the Korean Intellectual Property Office (KIPO) aimed towards improving the UAE’s patent system. The agreement falls within the framework of completion and implementation of the terms of MoU signed by two parties in October last year. Highly qualified technical experts and ...

  Dubai / Agencies Deyaar Development announced on Sunday that its net profit amounted to AED 32 million in Q1 of 2017. A company statement said real estate development revenues more than doubled to AED 142 million in the first three months of the year, from AED 60 million in Q1-16. Deyaar reported a strong year-on-year increase in revenues to ...

  Dubai / Emirates Business His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the Dubai Font, Microsoft’s first font to be created by a city and named after it, in line with the UAE’s vision to become a regional and global leader in innovation. On this occasion, ...

  Dubai / WAM In implementation of the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Hussain Nasser Lootah, Director General of Dubai Municipality, issued a directive to use the “Dubai Font” in all Municipality transactions with immediate effect. Lootah has asked the Municipality officials to begin to implement this font in the Municipality’s ...

  Dubai / WAM Representatives of small and medium enterprises, (SMEs), will get a chance to showcase their firms to procurement staff from Expo 2020 Dubai and some of its largest contractors at an event next week. The first in a series of ‘Meet the Buyers’ events will take place on May 10 in Dubai, where SMEs can gain valuable insight ...

  Dubai / Emirates Business Adamas Consultants will provide the highest quality of business management expertise and consultancy to the automotive industry, they see manufacturers and dealership owners as their potential customers, covering volume, performance, luxury and prestige brands across the GCC, Middle East and Northern Africa. Adamas Consultants has been shaped from the vision of Karl Hamer, CEO, who ...

  Dubai / WAM Exotic Indonesian reptile skins, luxury fashion accessories, UAE-produced camel leather goods, and the global launch of 24 karat gilded stilettos from Italy all shared the stage, as the Middle East’s dedicated leather industry trade show opened in Dubai yesterday. The exhibition was inaugurated by Butti Saeed Al Kindi, Second Vice Chairman of Dubai World Trade Centre. The ...

  Sharjah / WAM Bank of Sharjah on Wednesday announced its financial results for the three months ending March 31. The bank’s total assets reached AED 28,880 million, an increase of 4 percent over the corresponding 31st March 2016 figure of AED 27,651 million. When compared to the 31 December 2016 figure, total assets increased by 7 percent from AED 27,097 ...

  Abu Dhabi / WAM The Abu Dhabi Judicial Department has organised the 40th Media Summit, entitled “Bogus Investment Portfolios and their Negative Effects on Individuals and Society”, with the aim of assisting in expanding the culture of law, while raising awareness among individuals in society about the dangers of these portfolios. The summit warned about the negative effects of financial ...