Local News

UAE, Moldova keen to explore potential in bilateral relations

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Pavel Filip, Prime Minister of Moldova, and his accompanying delegation. Sheikh Mohammed welcomed Filip and discussed with him a number of issues related to developing friendly relations and cooperation between the two countries, and building ...

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Mohamed, Moldova PM discuss advance ties

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, received on Tuesday at Al Mushrif Palace, Prime Minister of Moldova Pavel Filip, who is currently on a visit to the UAE. Sheikh Mohamed and Filip discussed co-operation ties between the two countries and ...

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DP World chairman discusses future of trade with global leaders at WEF

Dubai / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, and other world leaders have discussed international partnerships to shape the future of world trade, on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland. Bin Sulayem met President Petro Poroshenko of Ukraine, President Joao Lourenco of Angola, and Peruvian Prime Minister Mercedes Araoz, to ...

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Union Coop to install 1,000 fire protection systems

Dubai / WAM Following the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, to urgently install fire protection systems directly connected with Civil Defense at all houses, Union Coop, has launched ‘Your Safety .. Is Our Safety’ initiative. The initiative aims to install fire protection systems at 1,000 ...

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FANR to ensure safe, secure, peaceful N-programme

Abu Dhabi / WAM The UAE Federal Authority for Nuclear Regulation (FANR), on Tuesday unveiled details of its 2018 corporate outlook focusing on ensuring safe, secure and peaceful nuclear and radiation programmes in the country. Addressing a media briefing, Christer Viktorsson, Director-General of FANR, said that “the UAE is moving rapidly forward with developing its nuclear sector (and) FANR made ...

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FAB posts $3bn profit

ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s leading and safest financial institutions, reported its financial results for the full year ended December 31, 2017. FAB delivered a resilient performance in a transitional year with a full year 2017 group net profit at AED10.92 billion ($3 billion), compared to AED11.32 ...

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GCC debt issuance hit record $70bn in 2017

DUBAI / Emirates Business A buoyant GCC Bond and Sukuk market achieved an all-time high issuance of $70 billion in 2017, with sustained investor appetite expected in 2018, according to a co-authored white paper from Emirates NBD Asset Management (Dubai) and Fisch Asset Management (Zurich). The paper, titled “The GCC Fixed Income Market: Then and Now” identifies key themes in ...

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‘Data protection more important than ever’

DUBAI / WAM To mark Data Privacy Day, the Ministry of Finance (MoF) has emphasised the importance of protecting personal data for financial transactions, in light of the digital revolution and the increasing global trends to protect individuals from the misuse of their personal information or violation of their privacy. Younis Haji Al Khoori, Under-Secretary at MoF, highlighted that standards ...

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VP issues law on Knowledge and Innovation Dirham fees

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued Law No. 01 of 2018 on the Knowledge Dirham Fee, and Law No. 02 of 2018 about the Innovation Dirham Fee. As per Law No. 01 of 2018, the Knowledge Dirham Fee will be levied on all transactions ...

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DEWA, Azizi Group keen to support joint work

Dubai / WAM The Dubai Electricity and Water Authority (DEWA) and Dubai-based Azizi Group, reviewed ways to support joint work and the group’s future projects and expansion plans in Dubai. Saeed Mohammed Al Tayer, DEWA MD & CEO, received Mirwais Azizi, Chairman of the Board of Directors of Azizi Group, as part of DEWA’s commitment to follow up with developers, ...

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