Local News

ABU DHABI / WAM The 4th session of the UAE-Spain Joint Economic Committee was held in Dubai, chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, and by Luis de Guindos Jurado, Spain’s Minister of Economy, Industry and Competitiveness. The meeting touched on important economic and development issues in both countries. The ministers also reviewed the latest developments and ...

Dubai / WAM DP World Limited has reported that it handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017. Gross container volumes grew by 10.0 percent year-on-year on a reported basis and 9.6 percent on a like-for-like basis, with the third quarter growth rates accelerating to 13.5 percent ...

ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the Emirate of Abu Dhabi, has signed an agreement with Jalboot Marine, a local company that provides ferry services around Abu Dhabi, to begin cruise trips to the Louvre Abu Dhabi in addition to other city landmarks. Abdulkareem Al Masabi, Executive ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA) has toured five key European countries as part of its ongoing promotional strategy to increase visitor numbers from core and emerging source markets across the continent. Kicking off the roadshow in Brussels, the Authority then attended a number of tailored travel trade and media events across Amsterdam, ...

DUBAI / Emirates Business Larsen & Toubro (L&T) successfully showcased its multi-dimensional EPC capabilities in power transmission & distribution, infrastructure, water and renewable energy segments at 19th Water, Energy, Technology and Environment Exhibition (Wetex). On display is L&T’s strengths across domains with specific emphasis on power transmission and renewable energy projects executed across India, UAE and GCC, highlighting its role ...

DUBAI / WAM The Abu Dhabi Department of Education and Knowledge (ADEK) has confirmed that 40 percent of the 71 exciting and educational activities lined up for the upcoming 7th Abu Dhabi Science Festival (ADSF) it is organizing under the patronage of HH Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the ...

Dubai / Emirates Business Dubai Land Department (DLD) announced that the total value of real estate transactions for the first nine months of this yearreaching AED 204 billion, achieved through 52,170 transactions. According to the report, there were a total of 37,633 transactions for land, residential units and buildings, generating a value of over AED 88 billion. There were also ...

Abu Dhabi / WAM The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision. The warning was made by Mubarak Rashed Al Mansouri, Governor of the UAE Central Bank, on the sidelines of the Islamic Financial Services Board Summit which started in Abu Dhabi on Monday. “Some nations have announced that they are not ...

DUBAI / WAM The UAE has been ranked first among Arab countries in terms of quality and performance of postal services. Chairman of Emirates Post Group, Mohammed Sultan Al Qadi, said that the UAE’s top regional ranking on the Integrated Index for Postal Development (2IPD), is a great achievement, and constitutes a new element on the postal policy map for ...

ABU DHABI / WAM The UAE is home to eight Islamic Banks, accounting for approximately 20 percent of total assets in the banking sector, which comprises 23 percent of total domestic credit as of the end of August 2017, Mubarak Rashed Al Mansouri, Governor of the UAE Central Bank, said. “The growth of Islamic banking has been supported by robust ...