Local News

Abu Dhabi / WAM Abu Dhabi is targeting a 5 percent growth in cruise tourism over the coming season, with 350,000 passengers set to visit the emirate in 2017-2018, Sultan Al Dhaheri, Acting Executive Director, Tourism Sector, at the Abu Dhabi Tourism and Culture Authority (ADTCA), told Emirates News Agency (WAM). The UAE capital is on a tourism drive at ...

DUBAI / WAM The UAE and Saudi Arabia, on Monday, signed a work plan for the Authorised Economic Operator (AEO), agreement launched by the two countries in Dubai, aimed at implementing quickly and efficiently the mutual acknowledgement made for the AEO programme between the two countries. Mohammed Jumaa Busaiba, Director-General of Federal Customs Authority (FCA), and Ahmed bin Abdulaziz Al ...

Abu Dhabi / Emirates Business The Abu Dhabi Securities Exchange (ADX) has debuted a new business intelligence and data warehousing platform, provided by Gulf Business Machines (GBM), the region’s number one provider of IT solutions. GBM completed the implementation of the enterprise business intelligence and data warehousing platform project earlier this year. The new platform is engineered to support ADX’s ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), hosted a meeting with the President of Uganda, Yoweri Museveni, and his accompanying delegation, to discuss a number of economic issues of common concern. The meeting, which was held in the presence of Abdullah Sultan Al Owais, Chairman of the SCCI, included discussions on means of enhancing bilateral economic ...

DUBAI / Emirates Business Emirates on Monday confirmed that its first two Boeing 777-300ER aircraft fitted with its soon-to-launch First Class product will operate from Dubai to the airline’s Belgian and Swiss destinations starting from December 1. Emirates’ new First Class cabin will feature six private suites laid out in a 1-1-1 layout, compared to the eight private suites in ...

Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) plans to launch a share sale of a stake in its network of fuel service stations and retail convenience stores in December, sources told Reuters on Sunday. The listing for ADNOC Distribution comes as Abu Dhabi and other Gulf states seek to privatise energy assets. Sources told Reuters in September that ...

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, reiterated that the UAE stands firmly and resolutely with Saudi Arabia in confronting all challenges targeting its security and stability. He condemned in the strongest terms the firing of a ballistic missile towards the ...

Dubai / Emirates Business Commercial Bank International (CBI) announced its financial results for the nine months ended September 30. The net profit increased 4% year on year to AED33 million in Q3 this year, while year to date net profit totalled AED 86 million. The net interest income increased by 13% to AED 145 million from AED 128 million in ...

Reuters Air Arabia, the United Arab Emirates’ only publicly-listed airline, reported 26.6 percent increase in third quarter profit on Sunday. The low cost airline said in an emailed statement that it made a net profit of as much as AED376 million ($102.4 million) in the three months to September 30, compared with AED297 million that was recorded in the same ...

ABU DHABI / WAM Abu Dhabi Ports and Cosco Shipping Ports Limited (CSP) held their ground-breaking ceremony for the CSP Abu Dhabi Container Terminal during a high-level event at Khalifa Port, in the presence of His Highness Sheikh Diab bin Zayed Al Nahyan, Chairman of the Department of Transport and member of the Abu Dhabi Executive Council. A new agreement ...