Local News

DUBAI / Emirates Business In partnership with Asia House, DMCC, the world’s leading Free Zone for commodities trade and enterprise, hosted the ‘The New Global Trade Order’ conference at Almas Tower on Tuesday. More than 300 policymakers and leading figures from the global trade and investment industries gathered to discuss ways to better understand the emerging world trade system given ...

Abu Dhabi / Emirates Business Etisalat Group on Tuesday announced its consolidated financial statements for the three months ending March 31. Etisalat Group announced that consolidated revenues in Q1 amounted to AED 13.1 billion, representing an increase of 5 percent year over year. In the UAE, the revenue of the company in first quarter increased year on year by 3% ...

Abu Dhabi / WAM The Sheikh Zayed Grand Mosque in Abu Dhabi received 516,141 visitors and worshippers in March of various nationalities, from both inside and outside the country. The Sheikh Zayed Grand Mosque Centre (SZGMC), organised many events in March, in line with its leading cultural role and its efforts to promote the values of tolerance and coexistence, according ...

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), announced that UAE nationals can travel to the Kingdom of Tonga without the need for a pre-visa as of May 24, and can stay for up to 60 days during each visit. Ahmed Alham Al Dhaheri, Assistant Under-Secretary for Consular Affairs at MoFAIC, said that Emirati nationals ...

Abu Dhabi / WAM The Department of Health – Abu Dhabi (HAAD), signed two Memoranda of Understanding, (MoUs), with British health authorities. The first agreement was signed with the UK Healthcare Commission and the second MoU with the Human Fertilisation and Embryology Authority (HFEA). The signing of the two MOUs was held on the sidelines of the UAE-UK Business Council ...

Abu Dhabi / WAM Manazel Real Estate won the Housing and Urban Development Award at the 2018 Global Infrastructure Congress, GIC. The award was presented by Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development. The award is a recognition of Manazel’s ‘Ghantoot Waterfront Project’ and its continued support for public and private developments and promoting energy efficiencies ...

Dubai / WAM Dubai South announced the launch of a diverse number of initiatives that aim to attract investment and provide incentives to the private sector. These initiatives come directly in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to stimulate economic growth and reduce the cost ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, signed a MoU to cooperate on the establishment of a ‘Belt and Road’ exchange at ADGM. The cooperation harnesses Abu Dhabi’s strategic position along the Silk Road Economic Belt, ADGM’s best-in-class regulatory regime and SSE’s position as a growing global exchange. The ...

DUBAI/ Emirates Business The third Annual General Meeting (AGM) of Emaar Malls approved the distribution of cash dividends to shareholders amounting to AED 1.3 billion ($ 353.9 million), representing 10 percent of the share capital being 10 fils per share for 2017. The AGM also approved the report by the board of directors on the activities and financial position of ...

ABU DHABI / Agencies Mubadala Investment Company has acquired a minority stake in the general partner of Phoenician Capital, a New York-based investment management company. The investment was made through Mubadala Capital, Mubadala’s financial investment arm. The partnership includes an agreement for Mubadala Capital to invest in a fund managed by Phoenician Capital. “Phoenician Capital has built a strong international ...