Local News

  Abu Dhabi / WAM The Union National Bank (UNB) has no intention of merging with any other bank, its chief executive officer (CEO) has affirmed. “There are no formal procedures or any intention to merge UNB with any other banking institutions,” Mohammed Nasr Abdeen told reporters after the bank’s Annual General Meeting on Wednesday in Abu Dhabi. The bank ...

  Abu Dhabi / WAM The Emirates NBD Dubai Economy Tracker Index (DET) eased slightly to 56.2 in February from the two-year high reached in January, according to new data released today by the lender. The DET in February was higher than the average reading for 2016, signaling an acceleration in economic growth at the start of this year. Output and ...

  Dubai / WAM Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges. Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between central securities depositories in the respective ...

  Dubai / WAM The third edition of the Dubai Canvas Festival concluded following a week-long exhibition of scintillating 3D art created by some of the world’s most innovative exponents of the art form. The public 3D art festival was organised by Brand Dubai, the creative arm of the Government of Dubai Media Office, in partnership with Meraas, one of Dubai’s ...

  Dubai / WAM Emirates and Google are engaging visitors at this year’s Emirates Airline Festival of Literature with innovative on-ground experiences ranging from virtual reality 3D painting tools to an e-book reading lounge. Emirates’ on-ground activations run until March 11 at the InterContinental Hotel, Dubai Festival City. The airline is partnering with Google to feature Google Tilt Brush, a ...

  Dubai / WAM Minister of Infrastructure Development, Dr Abdullah bin Mohammed Belhaif Al Nuaimi on Thursday visited The Sustainable City, region’s first sustainable and integrated project and the first residential project in Dubai that produces clean energy. The tour to the city included a special preview on the first ever complete model of the Sustainable City which will be showcased ...

  Sharjah / WAM As part of its participation at the world’s leading travel trade show, the Sharjah Investment and Development Authority (Shurooq) is reinforcing the emirate’s status as one of the Middle East’s leading tourism destinations by promoting four of its most impressive hospitality venues. Under the umbrella of Sharjah Tourism and Commerce Development Authority, Shurooq is attracting interest from ...

  Abu Dhabi / WAM Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development (DED) in Abu Dhabi, is expecting Abu Dhabi’s economy to achieve a growth rate of between 3.5 to 3.7 percent during the current year, in light of the emirate’s ongoing implementation of large projects, an increase in private sector investments and oil price stability. ...

  Abu Dhabi / Emirates Business ADNOC Distribution announced the opening of Bab Al Sharq ADNOC Xpress station in Mohammed Bin Zayed City in Abu Dhabi as part of phase one of its plan to open 10 such stations to service the most congested areas of the city and its suburbs. ADNOC Xpress stations have a longitudinal ground plan featuring ...

  Dubai / WAM The Public Transport Agency, Roads and Transport Authority (RTA) in Dubai revealed that its public buses had transported 151.1 passengers last year. The sector is witnessing a steady growth and increasingly becoming important to the people in their daily commute. Basel Ibrahim Saad, Director of Buses, RTA’s Public Transport Agency, expressed his delight at the growing numbers ...