Local News

DUBAI / WAM The Emirates Development Bank (EDB), launched a housing loan programme for UAE nationals who have obtained relevant approvals from the country’s major housing institutions – the Sheikh Zayed Housing Programme, the Abu Dhabi Housing Authority, the Mohammed bin Rashid Housing Foundation and the Sharjah Housing Department – during a meeting at its headquarters in Dubai, which was ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has launched an enhanced version of its innovative ADNIC Plus mobile application (‘app’). Available on both Android and Apple phones, the app has been launched as part of ADNIC’s commitment to making its customers’ lives easier through ...

DUBAI / Emirates Business The fifth Lifestyle Expo in Dubai will take place from September 25-26 at the Hyatt Regency Dubai, connecting Hong Kong and Chinese mainland suppliers with buyers from the Middle East and Africa to fill the region’s growing demand for trendy consumer products. Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Trade Development ...

ABU DHABI / Emirates Business Etisalat on Tuesday announced it received the award and recognition of the ‘Best Operator’ at the industry leading event ‘Telecoms World Middle East 2017 held in Dubai. This award recognised the telecom operator that has achieved unparalleled growth in its operation, has innovated its service portfolio, has improved customer service and has developed its network ...

DUBAI / Emirates Business A high-level delegation from the Dubai Chamber of Commerce and Industry (DCCI) is participating in various activities at the 10th World Chambers Congress (WCC) in Sydney this week with the aim of promoting Dubai as an attractive business hub and expanding the Chamber’s global network. Hamad Buamim President and CEO of Dubai Chamber and Deputy Chairman ...

DUBAI / Emirates Business TASC Outsourcing, a leading people solutions and talent management company in the GCC, unveiled TascTemp, an innovative online hiring portal which is set to transform the temporary hiring industry in the UAE. TascTemp is the first-of-its-kind solution in the region for temporary staff. This platform is perfect for businesses that need additional staff to meet peak-season ...

ABU DHABI / WAM Cash dividends and bonus shares to the tune of AED32.5 billion have been distributed by 79 companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) for Fiscal Year 2016, according to statistics released by the Securities and Commodities Authority (SCA). Distribution of such big gains goes in line with the listed companies’ ...

Dubai / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy, said that economic relations between the UAE and Iraq have witnessed unprecedented growth over the past years due to the willingness of the two countries to strengthen their relationship on all levels. “Volume of non-oil trade between the UAE and Iraq reached a relatively high rate at $11 ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA), on Monday entered into a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA). The MoU will enhance information sharing and cooperation on supervisory issues, further extending the existing relationship between the two markets. It also provides the foundation to facilitate the entry of some financial institutions into Dubai International ...

Dubai / WAM DP World Limited announced on Monday that it has entered into agreements to acquire Maritime World LLC, the 100% owner of Dubai Maritime City (DMC), for a purchase consideration of $180 million and to buy 100% of Drydocks World LLC (Drydocks) by means of a capital injection of $225 million, taking the total cash required for the ...