Local News

ABU DHABI / WAM The United Arab Emirates will participate in Web Summit, the largest tech conference in the world, in Lisbon, Portugal, from November, 6-9 with the attendance of nearly 60,000 delegates and 15,000 companies from 160 countries. Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade, will lead the UAE delegation, which includes representatives from ...

DUBAI / Emirates Business To further enhance Dubai’s competitiveness in a bid to make it a global destination for recreational marine tourism, the Dubai Maritime City Authority (DMCA) has launched the first services of the proactive ‘Sea Dubai’ initiative that will establish clear and definitive frameworks for recreational marine craft licensing regulations and mechanisms in the emirate. It also aims ...

DUBAI / WAM Dar Al Ber Society (DABS), launched a special and comprehensive campaign to support the orphanages it had earlier established worldwide, attract more contributions to this segment of the society, and thoroughly secure their needs. The leading charity society, now sponsoring about 30,000 orphans in 20 countries including 950 in the UAE, spares no effort to develop the ...

DUBAI / Emirates Business Emirates unveiled a special tribute to the late HH Sheikh Zayed bin Sultan Al Nahyan, the founding father of the United Arab Emirates, with a bespoke livery for its 100th A380 carrying one of his most memorable images. The unique livery is the first time Emirates will feature a customised decal of a well-known public figure, ...

DUBAI / Emirates Business The UAE’s design market will reach $36bn in 2019, fuelled by architects and interior designers leveraging innovations to enhance the experience, experts announced ahead of The Big 5 in Dubai. Boosted by innovative architecture and interior design projects, the UAE’s design market will grow by 13 percent from $32 billion in 2017 to reach a record-high ...

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance, has said that the UAE flag represents loyalty and love for the country and supports all its objectives and aspirations. In a statement to mark the UAE’s Flag Day on Thursday, Sheikh Nahyan said, “It is an honour for all of us to celebrate the day with ...

Abu Dhabi / WAM The assets held by traditional banks operating in the UAE surged to AED2.103 trillion, accounting for 79.6 percent of the total assets of the country’s banking apparatus until the end of September, according to statistics released by the UAE Central Bank. The assets of the country’s Islamic banks neared AED5.39 billion, making up 20.4 percent of ...

Abu Dhabi / WAM The UAE federal government departments’ total expenses amounted to AED31.5 billion in nine months, according to official figures released by the Ministry of Finance as part of a report on the financial performance report on the implementation of the country’s general budget. Public services’ expenses totalled around AED10.4 billion, accounting for 33 percent of total federal ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced the latest score of its Wealth Sentiment Index (WSI), which remained stable at 1052.78 in October, compared to 1,052.94 in September this year. The October score reflects a range of factors, including an increase in oil prices, a fall in inflation, which reached its lowest level since August 2016, and ...

Abu Dhabi / WAM Mobile phone subscriptions in the UAE reached 19.7 million by the end of September, according to official statistics released by Etisalat and du, the only telecommunications operators on the local market. The figures indicate a 2.2 percent increase in the number of subscribers in the post-paid and pre-paid mobile phone services during the first nine months ...