Local News

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has ordered the release of 803 prisoners on the occasion of Eid Al Adha. The pardoned prisoners had been sentenced to jail terms for a variety of offenses. Sheikh Khalifa pledged to settle the financial obligations of the released prisoners. The pardon comes within the framework of ...

Abu Dhabi / Emirates Business Etihad Airways and Aerolíneas Argentinas have launched a new codeshare partnership. Under the agreement, Etihad Airways customers are able to enjoy convenient connections via Rome and Madrid to Buenos Aires (EZE) and onwards to nine other popular Argentinian destinations – Córdoba (COR), Mendoza (MDZ), Rosario (ROS), Iguazú (IGR), Salta (SLA), Mar del Plata (MDQ), Bariloche ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong entered into an agreement to establish a framework of cooperation on financial technology, FinTech, innovation. The agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem in their respective markets. The signing took place between Ian Johnston, ...

DUBAI / WAM flydubai announced its half-year (H1) results for the 2017 financial year and reported total revenue of AED2.5 billion ($689 million) an increase of 9.9 percent compared to the same period last year and a loss of AED142.5 million ($38.8 million). Passenger numbers increased to 5.4 million; an increase of 10.5 percent compared to H1, 2016. The number ...

Abu Dhabi / Emirates Business Organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), hosted by ADNOC, have confirmed the event’s technical conference, already the world’s largest for oil and gas professionals, will see a significant increase in scope for 2017 to include the downstream industry for the first time, as well as more sessions for specialised ...

DUBAI / WAM ENOC Group announced that it has awarded the final contract of three packages that comprise its $1 billion refinery expansion programme to Overseas-AST. The Engineering, Procurement and Construction (EPC) contract includes the construction of various interconnecting pipelines between the refinery’s processing units, the storage tanks and the berth facilities within Jebel Ali Free Zone (JAFZA). The pipelines ...

Abu Dhabi / WAM The celebration of Emirati Women’s Day reflects the UAE leadership’s profound belief in the contributions of women and their role in the country’s development, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region. In a statement to mark the day, Sheikh Hamdan said that since the establishment of the UAE ...

DUBAI / WAM Exporters from Malaysia, the world’s largest producer and exporter of Halal food products, are going to showcase the country’s multi-billion dollar Halal industry, that last year recorded $9.79 billion worth of Halal exports worldwide, at the 9th edition of the Halal Expo Dubai to be held on September 18 and 19 at the Roda Al Bustan Hotel ...

DUBAI / WAM The Emirates Maritime Arbitration Centre (EMAC) last week met with senior executives in two key meetings in Fujairah, as part of its commitment to work with key industry bodies in the region’s maritime sector. In the first meeting, the EMAC delegation discussed boosting cooperation with Port of Fujairah General Manager, Captain Mousa Murad, and Harbour Master, Captain ...

Dubai / Emirates Business The Roads and Transport Authority (RTA), in collaboration with the French Business Council in Dubai & Northern Emirates, will host the “First Emirati – French Business Engagement Summit” on September 25, 2017, as part of efforts to create an environment conducive to growth of trade & investment between the two sides. “More than 200 CEOs and ...