Local News

ABU DHABI / WAM The UAE has granted citizenship to 309 children of Emirati mothers. In its latest meeting, under the chairmanship of Ahmed Juma Al Za’abi, Deputy Minister for Presidential Affairs, the committee tasked with implementing the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, reviewed and approved the list of applicants submitted by the Ministry ...

Dubai / Emirates Business The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, announced its strategic partnership with MAG Property Development (MAG PD) for the 14th edition of the event. IPS 2018 will run from April 9-11 next year at the Dubai World Trade Centre (DWTC), where a 20,000-strong international ...

Dubai / WAM Leaders and experts in foreign direct investment, FDI, are gathering at the 22nd annual World Investment Conference (WIC17), the flagship event of the World Association of Investment Promotion Agencies, WAIPA, hosted by Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy and WAIPA Steering Committee Member, at the InterContinental Dubai Festival City, from November, 27-28. ...

DUBAI / Emirates Business Better Life, one of the leading home appliance retailers in the UAE and a division of the Easa Saleh Al Gurg Group LLC announced the launch of an ambitious new retail strategy focused on kitchen appliances to offer a wide variety of options to consumers that meet the requirements of contemporary UAE lifestyles. The strategy aims ...

Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Ports are to establish a joint Marine Simulator Centre in Musaffah, Abu Dhabi, to provide a range of maritime training for the UAE’s growing marine workforce. Under this long-term partnership, the Marine Simulation Centre will provide training for ADNOC employees and serve the wider marine ...

Dubai / Reuters Bank of Sharjah and Invest Bank are in merger talks that could create an institution with about AED50.6 billion ($13.8 billion) of assets, sources familiar with the matter told Reuters. In the latest latest sign of consolidation in the United Arab Emirates’ crowded banking industry, the two lenders have held on-and-off discussions over a potential merger since ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a seminar for the students of the United Arab Emirates University (UAEU) to discuss the Fund’s development work, operational activities, and achievements spanning 84 beneficiary countries. The panellists shared insights on how ADFD has driven and supported UAE’s mission of socio-economic ...

ABU DHABI / WAM The UAE Central Bank announced that the money supply aggregate M1 increased by 0.6 percent from AED488.9 billion at the end of September to AED492 billion at the end of October this year. In a statement, the bank said, “The money supply aggregate M2 decreased by 1 percent, from AED1257.2 billion at the end of September ...

Sharjah / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday, inaugurated the second edition of the International Photography Festival, Xposure 2017, the region’s biggest photography event of its kind, with the participation of a galaxy of the world’s most celebrated photographers and leading international brands. Themed ‘Captivating Stories’, Xposure ...

Dubai / WAM The world’s largest annual aviation event, the Airport Show, will be held in Dubai from May 7-9, 2018, and is expected to bring together more than 300 exhibitors from over 90 countries to showcase innovative and game-changing products to key decision-makers across the Middle East, North Africa and South Asia aviation industry. Commenting on the announcement of ...