Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received the President of the Republic of Lithuania, Dalia Grybauskaite on Wednesday. During the meeting, His Highness Sheikh Mohammed bin Rashid and President Grybauskaite discussed bilateral cooperation and consolidating ties for the benefit of the two countries’ peoples ...
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DUBAI / Emirates Business dnata Travel was presented with the prestigious ‘UAE’s Leading Travel Agency’ accolade for the fourth consecutive year at the World Travel Awards Middle East Gala Ceremony 2017, which took place in Dubai. In addition to that, dnata Travel also picked up ‘Abu Dhabi’s Leading Travel Agency’ and ‘The Middle East’s Leading Business Travel Agency’. The World ...
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DUBAI / Emirates Business Emirates unveiled the first aircraft in its fleet with a new livery dedicated to Expo 2020 Dubai. The decal was installed on A6-EPK, an Emirates Boeing 777-300ER aircraft, at the Emirates Engineering hangar. The unique and striking livery is based on the Expo 2020 logo inspired by an ancient gold ring excavated in Dubai and it ...
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DUBAI / Emirates Business In what is certain to be big news for sandwich fans, Subway is celebrating World Sandwich Day with a huge free giveaway across the UAE. On November 3, Subway restaurants in the UAE will offer its customers a free sandwich. Redemption is easy, all you have to do is walk into any Subway UAE restaurant that ...
Read More »ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Wednesday its financial results for the first nine months of 2017. The company reported a net profit of AED 178.5 million for the period, an increase of 24% over the same period last year. Commenting ...
Read More »DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued Law No. 15 of 2017 regulating inheritance, wills and probate for non-Muslims. The law, which is applicable to the wills and assets of non-Muslims based in Dubai including the Dubai International Financial Centre (DIFC) creates a ...
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Abu Dhabi / WAM Al Jazira Sports and Cultural Club and Majid Al Futtaim officially broke ground, on Tuesday, on City Centre Al Jazira, the new AED1.4-billion lifestyle destination coming to Abu Dhabi. The new project will bring to the capital an integrated shopping, lifestyle and entertainment destination, contributing to Abu Dhabi’s vision that aims to develop a competitive, sustainable ...
Read More »Bloomberg The International Monetary Fund expects the UAE economic growth to nearly triple next year as Abu Dhabi benefits from an expected recovery in oil exports. The UAE’s GDP will expand 3.4 percent in 2018 from 1.3 percent this year, largely on expectations that growth in oil-rich Abu Dhabi will surge to 3.2 percent from 0.3 percent this year. Dubai’s ...
Read More »Dubai / WAM Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market, has reported net profit of AED350 million for the quarter ending September 30th, 2017, an increase of 4.8 percent over the AED334 million achieved during the same quarter last year. The company’s net profit for the first nine months of 2017 was AED830 million, ...
Read More »Dubai / Reuters Dubai-based Emirates REIT, a sharia-compliant real estate investment trust, plans to issue a debut Islamic bond of at least $300 million by the end of this year, said a source close to the company. The sukuk, to be denominated in US dollars, could potentially replace all of the company’s outstanding debt, said the source, who spoke on ...
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