Local News

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that realising the UAE’s objective of achieving the highest ranking in every sphere requires players across sectors to work together to develop and implement a happiness-centred development model. His Highness’s remark came as he received a number of ...

Dubai / WAM The Dubai Chamber of Commerce and Industry’s Board of Directors on Wednesday discussed strategic decisions, initiatives and efforts aimed at attracting foreign investment to the UAE and enhancing the competitiveness of Dubai’s private sector. This came during board meeting, chaired by Majid Saif Al Ghurair, Dubai Chamber Chairman, focused on major initiatives which were recently announced by His ...

Abu Dhabi / WAM The Federal Customs Authority (FCA), the Anti-Narcotics Federal General Directorate of the Ministry of Interior and local customs departments from around the country have discussed, during a meeting that was held at the FCA’s headquarters in Dubai, the means of strengthening their cooperation in combatting drugs and protecting the community from its negative effects. The meeting ...

Dubai / WAM Dubai Customs participated in Shenzhen Security Summit in China. Ahmed Mahboob Musabih, Director of Dubai Customs and Younis Othman, IT Director attended the event. The participation aimed at learning about the best practices in security that can help protect borders and entry points, control and monitor passenger traffic and implement latest techniques in risk management. Dubai Customs ...

Ras Al Khaimah / Emirates Business With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale. Launched ...

Bloomberg By most accounts, Dubai’s biggest bank got a good deal when it agreed to buy Turkey’s Denizbank AS for $3.2 billion. Emirates NBD PJSC is buying the lender from Russia’s Sberbank at a time when the country is struggling with a plunging currency, a wave of debt restructurings, looming elections and political meddling in the finance industry. The purchase ...

ABU DHABI / WAM Mohammed Thani Murshid Al Rumaithi, Chairman of the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry, praised the decisions of the UAE Cabinet related to the full ownership of Emirati companies by international investors and companies. This move will encourage more international companies to do business in the UAE and benefit from ...

ABU DHABI / WAM The actual expenditure of UAE federal government departments amounted to AED48.572 billion during 2017, with a 100 percent execution rate, according to the financial performance report issued by the Ministry of Finance. Spending on the general public services sector reached around AED16.190 billion, accounting for 33.3 percent of total expenditurein 2017, with the public order and ...

DUBAI / WAM The Dubai Financial Market (DFM) and Nasdaq Dubai have been certified with the ‘ISO 22301: 2012’ for Business Continuity Management System (BCMS), from Lloyd’s Register Quality Assurance (LRQA). The certificate is a key standard for business continuity that recognises the effectiveness of the system’s design and application in response to disaster recovery when facing any disruptive events. ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said the UAE, in cooperation with other Arab and Muslim countries as well as religious scholars, is forging ahead with its efforts to promote the quintessential Islamic values and principles of peaceful co-existence, ...