Local News

Abu Dhabi / WAM The UAE International Investors Council (UAECII) has made a range of strategic decisions to support the development of its working procedures, to serve its goals of promoting coordination and supporting Emirati companies that invest abroad. The Council made its decisions during its 14th meeting, which was chaired by Sultan bin Saeed Al Mansouri, Minister of Economy ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), announced the allocation of $50 million for UAE companies wishing to invest in the Central African nation of Chad. The announcement came during the participation of an ADFD delegation in the UAE-Chad Investment Forum that took place on Wednesday in Abu Dhabi. Several ministers and senior officials from the public ...

Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA), represented by the Computer Emergency Response Team (aeCERT), signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM), to activate collaboration between the two sides in the areas of information security. The MoU will also enhance coordination mechanism for information exchange and early warning on threats and risks of cyber-attacks, ...

Dubai / WAM Thuraya Telecommunications Company will attend the humanitarian and international development event (AidEx), in Nairobi, Kenya from September 13-14. The MSS operator will be meeting with disaster management partners and displaying its latest range of ‘relief comms’ equipment at the event. Now in its fourth year, the two-day annual conference is a prominent gathering where over 500 aid ...

Abu Dhabi / WAM The United Arab Emirates has achieved impressive improvement across six global competitiveness indices over the past eight months of 2017, further consolidating its investment-conducive environment in line with the government’s sustainable development drive. The country maintained its competitive edge and top position regionally across the six global indices. At the World Competitiveness Yearbook issued by the ...

Dubai / Emirates Business Boosted by a year on year increase of 25% for visitors during its first two days, Cityscape Global has been the catalyst for a 186% increase in registered Dubai Land Department transactions of off-plan units, while big name developers have recorded overwhelmingly positive sentiment from investors driven by onsite sales. The region’s largest real estate and ...

Dubai / Emirates Business Following successful exhibitions in Hong Kong, London, Mumbai, and Shanghai, the last two of which generated AED 1.2 billion and AED 800 million of investments respectively, Dubai Land Department (DLD) now plans to explore new destinations for promoting the Emirate’s attractive real estate market through its flagship event, the Dubai Property Show. At a ceremony hosted ...

Dubai / WAM Leading professional services company, Accenture, will open a digital hub in District 2020, the legacy site of Expo 2020 Dubai, to help clients across a variety of industries develop innovative digital solutions, working closely with its technology partners. This initiative signals Accenture’s support to the UAE government’s initiative of accelerating economic and social development through the World ...

Dubai / Emirates Business MAG Property Development (MAG PD), the real estate development arm of MAG Group, announced the launch of its flagship AED 4 billion ‘MAG EYE’ project for customers looking for exceptional investment opportunities at Cityscape Global. MAG EYE is one of the exclusive communities being developed in the heart of Mohammed bin Rashid City in Meydan Dubai, ...

Dubai / Emirates Business Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, has announced that following the success of Phase 1 and 2 sales of the its AED12billion waterfront project — Azizi Riviera — at Cityscape Global 2017, it will announce 2 new mega developments at Meydan One in the last quarter ...