Local News

  Dubai / WAM The Asset Management Department of Roads and Transport Authority (RTA) briefed a visiting delegation from the Emirates National Oil Company, ENOC, in Dubai on the best practices and processes in asset management. The orientation began with planning for procurement of new assets, processes of monitoring the performance of assets, listing inventory as well as the numbering and ...

  DUBAI / WAM The government of Indonesia on Thursday listed two Sukuk with a total value of US$3 billion on Nasdaq Dubai. The listings raised the total nominal value of all Sukuk listed in Dubai above US$50 billion for the first time, to a global record high of US$52.06 billion. The Indonesian government is the largest issuer on the ...

  Dubai / Emirates Business Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, on Thursday released its audited full year 2016 financial results. For the 12 months ending December 31, 2016, the company reported total revenue of AED 294 million, an increase of 36.89 % over the full year results for 2015. The results revealed an ...

  Dubai / Emirates Business Mashreq Al Islami – the Islamic banking division at Mashreq bank, as part of its ongoing campaign to make a difference to the lives of the underprivileged, has tied up with Emirates Red Crescent to deliver its promise of the ‘contribute for good’ feature on its credit card. The bank, inspired by the UAE’s Year ...

  Dubai / Emirates Business Aster DM Healthcare, the Dubai based healthcare conglomerate, reported a healthy 2016-17 fiscal year led by its continued expansion and acquisition strategy. Over the past year, the group has expanded its network across GCC as well as India. Aster DM Healthcare also announced the closure of US$295 million, comprehensive group-wide credit facility with Axis Bank. ...

  ABU DHABI / WAM The move towards quality healthcare as well as an increase in demand for preventive care and digital health will contribute to a massive 60 percent growth of the UAE’s healthcare sector in five years, according to a new study by MENA Research Partners (MRP), a leading research company in the region. The current AED64 billion ...

  ABU DHABI / WAM ZonesCorp, the largest developer and operator of purpose-built industrial zones in the UAE, unveiled a new development designed to support the growth of small and medium-sized enterprises, SMEs, in Abu Dhabi. The new zone being developed by ZonesCorp will feature 261 prefabricated, ready-to-use units covering an area of just over 300,000 square metres. Overall, 80 ...

  Dubai / WAM AED396 million worth of business deals were sealed at the 17th edition of the Dubai World Dermatology and Laser Conference and Exhibition, known as Dubai Derma, which concluded on Wednesday. Some 540 companies from 85 countries took part in the three-day event, which included participation from around 15,000 visitors, according to Dr. Abdul Salam Al Madani, Executive ...

  Dubai / WAM Middle East airports are making massive investments towards expansion projects to drive global aviation growth and attract global manufacturers and suppliers to explore business opportunities in the region’s aviation sector. In order to address a capacity gap, over $100 billion worth of airport projects is underway and planned across the Middle East, according to a recent report ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has been included as a Participating Insurer (PI) by the Dubai Health Authority (DHA) to offer health insurance coverage under its Essential Benefits Plan. Speaking on ADNIC’s appointment as a PI for the DHA, Ahmad Idris, ...