Local News

  Astana / WAM Dr Mohamed Ahmed bin Sultan Al Jaber, the UAE Ambassador to Kazakhstan, and Beibut Atamkulov, Kazakh Minister of Defence and Aerospace Industry, have discussed cooperation between the two countries in the defence industries field. During the meeting, held at the ministry in Astana, the UAE envoy highlighted the recent visit of the President of Kazakhstan, Nursultan Nazarbayev, ...

  Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties, recorded a net profit of AED 1.874 billion during 2016, an increase of 13 per cent over the full-year 2015 net profit of AED 1.656 billion. FY 2016 revenue recorded a growth of 8 per cent to AED 3.227 billion ...

  Abu Dhabi / WAM The Board of Directors of the UAE Central Bank has reviewed the bank’s Q4 Report for 2016, which covered various banking related issues. The first meeting in 2017, held under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board, reviewed a report from the Monetary and Reserve Management Department, which included systemic prudential ratios ...

  Abu Dhabi / WAM The Masdar Institute of Science and Technology, the independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, announced that its research team, one of the inaugural recipients of the US$5 million grant from the UAE Research Program for Rain Enhancement Science last year, has filed a provisional patent with the United States Patent and ...

  Dubai / Emirates Business Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, revealed that it will invest AED60 million this 2017 to achieve growth via targeted acquisition of local firms. The announcement was made during a press conference on Tuesday, at the Jumeirah Zabeel Saray, Palm Jumeirah in Dubai where the leading FM company also ...

  Abu Dhabi / Emirates Business The Dubai Airport Freezone Authority (DAFZA) is showcasing its comprehensive corporate packages designed to drive regional and global business growth during its participation at Arab Health 2017, the latest edition of the Middle East’s largest healthcare exhibition and medical congress running from January 30 to February 2 at the Dubai International Convention and Exhibition ...

  Dubai / Emirates Business Yosouf Hamad Al Shaibani, Director General of the Mohammed bin Rashid Space Centre (MBRSC), announced that the centre has submitted a request to the International Astronautical Federation (IAF) to host the 71st session of the International Astronautical Congress (IAC), which will be held in 2020, in coordination with the UAE Space Agency. Al Shaibani made ...

  Dubai / Emirates Business The Dubai Financial Services Authority (DFSA) launched a consultation on its proposed framework for regulating loan-based crowdfunding platforms. The consultation is the first in a series of papers which set out the DFSA’s approach to the regulation of crowdfunding platforms and the financial technology (FinTech) industry within the Dubai International Financial Centre (DIFC). The DFSA ...

  Dubai / Emirates Business Dubai’s growing appeal as a destination for staging and attending events was recently recognised at prestigious awards, reflecting the combined efforts of the emirate’s public and private sectors to continuously expand and evolve the city’s offering across both business and leisure events, festivals, meetings and conferences. For the fifth time since 2011, Dubai was named ...

  Abu Dhabi / Emirates Business Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective March 26. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity ...