Local News

Sharjah/ Emirates Business The Sharjah Business Women Council (SBWC) and the Sharjah Economic Development Department (SEDD), launched a ‘single-window’ service exclusively for female entrepreneurs to accelerate business processing, including applications, permits, visas and licences. SBWC is one of NAMA Women Advancement Establishment’s (NAMA) entities. The NAMA-SEDD initiative is in line with the directives of Her Highness Sheikha Jawaher bint Mohammed ...

Dubai / Emirates Business Meraas announced the winners of its first annual brokers awards at a ceremony held at the Yacht Club at Bulgari Resort & Residences Dubai on Jumeira Bay. The Meraas Brokers Awards were created to recognise the impact leading real estate brokers have had on the industry in Dubai, and the ceremony coincided with an exclusive sales ...

Abu Dhabi / Emirates Business Eagle Hills Abu Dhabi, the private real estate investment and development company, on Tuesday unveiled its new state-of-the-art sales centre located on the 12th floor of Capital Gate Abu Dhabi. The interactive facility features a huge touch-enabled screen designed to serve more than one customer at a time. In addition to providing useful information on ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq) signed a partnership agreement with Diamond Developers, a leading Dubai-based company specialised in developing sustainable environmental projects, to deliver a large mixed-used project in Sharjah. The implementation of the green project aligns with Shurooq’s vision to strengthen strategic partnerships with the private sector, giving a strong boost to the drive ...

DUBAI / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) highlighted Dubai’s growing popularity as a global cruise destination viable for pre-cruise and post-cruise stopovers and an apt homeport in the region at the Seatrade Cruise Global in Florida, USA, a leading event for the cruise industry. Dubai Tourism exhibited under the Cruise Arabia banner, bringing together ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, broke ground on the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the biggest Concentrated Solar Power (CSP) project in the world. The start of the new project advances the UAE’s global leadership ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a Federal Law on linking the general budget of the Federation and the budgets of the autonomous state institutions for the fiscal year 2018. According to the Law, published in the Federal Official Gazette, both the expenditures and the revenues in the Federation’s general budget ...

DUBAI / WAM Dubai’s non-oil foreign trade in 2017 grew AED26 billion to reach AED1.302 trillion compared to AED1.276 trillion in 2016, enhancing Dubai’s position as global hub for trade despite the challenges faced by the global economy. Dubai’s re-exports grew nine percent in 2017 to AED360 billion, while Dubai’s imports reached AED798 billion and exports totalled AED144 billion. Dubai’s ...

Abu Dhabi / WAM The 2017 cash dividends paid out by 62 companies listed on the Abu Dhabi and Dubai bourses amounted to AED33.161 billion, according to latest official figures. The banking sector continued to have the lion’s share of cash distributions, after 13 out of 18 listed banks pad out around AED18 billion in cash, accounting for 54.3% of ...

Abu Dhabi / WAM The Department of Finance (DoF) has announced that the percentage of all local government entities who have implemented the ‘Abu Dhabi ERP System’ amounted to 93% by the end of January 2018. DoF has also integrated the VAT scheme onto the system, to unify VAT processes across federal entities. As part of the announcement, DoF revealed ...