Local News

Abu Dhabi / WAM Ways of cooperation across multiple domains, primarily food, agriculture and logistics, were the main topics of discussion at a meeting Sultan bin Saeed Al Mansouri, Minister of Economy, had on Saturday with Tudor Ulianovschi, Minister of Foreign Affairs and European Integration of the Republic of Moldova. The two ministers affirmed the importance of the recent steps ...

Dubai / WAM The Emirates Institute for Banking and Financial Studies (EIBFS), and a global audit, tax and advisory services firm (KPMG), have partnered to develop highly-specialised programmes in the financial education domain. This initiative was agreed upon by Jamal Al Jassmi, General Manager of EIBFS, and Emilio Pera, Partner – Head of Financial Services, KPMG Lower Gulf Limited. As ...

Dubai / WAM The Emirates Diplomatic Academy (EDA), has announced that it will be hosting a one day workshop for young leaders on the topic of gender balance in the field of international diplomacy and security. Set to take place on April 22, the event will be held at the Academy in conjunction with the UAE Ministry of Foreign Affairs ...

ABU DHABI / WAM The Central Bank has announced that the Money Supply aggregate M1 increased by 2.3 percent, from AED498 billion at the end of January 2018 to AED509.7 billion at the end of February 2018. In a statement, the bank said, “The Money Supply aggregate M2 increased by 0.6 percent, from AED1277.2 billion at the end of January ...

ABU DHABI / WAM The UAE has pledged AED1.84 billion ($500 million), to support the United Nations 2018 Yemen Humanitarian Response Plan (YHRP) which aims to reach more than 13 million underprivileged individuals in Yemen. The move is part of the Saudi-led Arab Coalition to alleviate the suffering of Yemeni people from the Iranian-backed Houthi militias. The coalition has announced ...

DUBAI / Reuters Mubadala Investment Company has signed a deal with Greece’s New Economy Development Fund, known as Taneo, to create a 400 million euro ($496 million) co-investment platform, the Abu Dhabi state fund said on Wednesday. Under the agreement, Taneo and Mubadala will each contribute 200 million euros to invest in businesses with growth potential across key sectors of ...

Abu Dhabi / WAM The Ministry of Economy is predicting a rise in the share of the non-oil sector in the UAE’s GDP to 80% by 2021, compared to 70 percent in 2017 while stating that the UAE has the most diverse economy in the GCC region. It added that the country’s seven emirates have their own economic priorities, despite ...

Dubai / WAM The Ministry of Economy will organise a promotional seminar during the first International Import Expo which will be held in Shanghai, China, next November, where the UAE will participate through an official and commercial delegation led by the ministry that will include local authorities and major exporters, as well as entrepreneurs who are leaders of small and ...

DUBAI / Reuters Dubai Aerospace Enterprise (DAE), a government-controlled company, is raising a $400 million loan arranged by Ahli Bank of Kuwait, sources familiar with the matter said. DAE has become one of the world’s largest aircraft lessors after acquiring Dublin-based AWAS last year. The acquisition tripled the Dubai aircraft leasing and maintenance company’s portfolio to about 400 aircraft worth ...

DUBAI / Reuters DP World has not received an offer from Djibouti to buy its stake in the Doraleh Container Terminal, a spokesman for the port operator said on Wednesday after a Djiboutian official said the stake could be bought. The DP World spokesman also said the Dubai-owned company would consider it illegal if any company entered into any agreement ...