Local News

DUBAI / WAM The Dubai Financial Services Authority (DFSA), and the Central Bank of Oman signed a Memorandum of Understanding (MoU), to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International Financial Centre by Bryan Stirewalt, Managing Director, Supervision of the DFSA, and Tahir bin Salim bin Abdullah Al ...

Abu Dhabi / WAM Khalifa Industrial Zone of Abu Dhabi (KIZAD), and Shaheen Chem Investment LLC announced the signing of an agreement for the land lease of a two-phase chemical complex in the industrial zone with an expected investment of AED4 billion ($1 billion). The plant will support the UAE’s growing chemical manufacturing sector as well as supply major industrial ...

Dubai / Emirates Business Noor Bank, a leading Shari’a-compliant bank in the UAE, marked the UAE Innovation Month with its announcement on Sunday of the launch of its redesigned credit and debit cards. The cards unlock a world of innovation, convenience and best-in-class security, while offering a whole new suite of first-in-market benefits. Inspired by modern art and Islamic heritage, ...

Dubai / Emirates Business Emirates has announced several management appointments within its outstation commercial operations team. The changes place top Emirati talent in key country management positions in the Far East and Africa. The commercial appointments further demonstrate the airline’s commitment to strengthening its strategic direction and commercial position within these markets. The new appointments will see three UAE national ...

DUBAI / WAM Data for the opening month of 2018 signalled a pick-up in growth in Dubai’s non-oil private sector. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – rose to 56.0 in January, from December’s 14-month low of 54.7. ...

Dubai / Emirates Business Dubai will play host to the world’s largest gathering of internal auditors when the International Conference of the Institute of Internal Auditors (IIA) takes place in the city in May 2018, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. “Dubai is once ...

ABU DHABI / WAM The Dubai Electricity and Water Authority (DEWA) is participating as the Sustainable Energy Partner of the 6th World Government Summit (WGS). The Summit is held under the patronage of the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, from February 11-13. DEWA will highlight ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of Sharjah Executive Council and Sharjah Innovation Council, lauded the development of the Innovation Week into an Innovation Month this year. Sharjah Innovation Month, to take place from February 15-21 as part of the UAE Innovation Month, will formally ...

DUBAI / Emirates Business UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced it has partnered with San Francisco-based Ripple to enable instant, seamless and real-time cross-border payments. This makes UAE Exchange the largest payment solutions provider in the Middle East to use Ripple’s blockchain technology to process payments globally in real time. Through this ...

DUBAI / WAM An in-depth, medium-to-long term outlook for the global food and beverage industry will be unveiled at Gulfood 2018, the world’s largest annual food and beverage trade event, which runs at the Dubai World Trade Centre (DWTC) from February 18-22. The outlook comes in a detailed report compiled by market intelligence research leader, Euromonitor International, and has been ...