Local News

DUBAI / Emirates Business Worldwide spending on information security products and services will reach $86.4 billion in 2017, an increase of 7 percent over 2016, with spending expected to grow to $93 billion in 2018, according to the latest forecast from Gartner, Inc. Within the infrastructure protection segment, Gartner forecasts fast growth in the security testing market (albeit from a ...

ABU DHABI / WAM The Central Bank announced that the money supply aggregate M1 decreased by 1.9 percent, from AED507.1 billion at the end of June 2017 to AED 497.5 billion at the end of July 2017. The money supply aggregate M2 decreased by 0.2 percent, from AED1267.1 billion at the end of June 2017 to AED1264.4 billion at the ...

ABU DHABI / WAM Officials from the Industrial Development Bureau of the Department of Economic Development, visited three new factories in the Emirate of Abu Dhabi, which started their operation in 2017 with a total investment value of AED2.471 billion. The first company was Taweelah Aluminium Extrusion Company LLC (TALEX) which specialises in the field of metal coating as well ...

GENEVA / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has committed $5 million to Gavi, the Vaccine Alliance, to support its Innovation for Uptake, Scale and Equity in Immunisation (INFUSE) initiative. His Highness Sheikh Mohamed bin Zayed has provided $33 million for the work ...

The Board shall have a renewable membership term of three-years, and whenever a member’s seat has become vacant, another member shall be appointed for the rest of the membership period, and the Vice-President shall replace the Chairman in his absence. The Chairman of the Board shall issue the Statutes and Internal Regulation of the Board after approval by other board ...

DUBAI / WAM The Excise Tax Law shall come into play effective October 1 in the UAE, Ministry of Finance told Emirates News Agency (WAM). “The Tax shall impact all excise goods consumed inside the country, including all the country’s free zones and ports,” said Younis Haji Al Khouri, the Undersecretary of the Ministry of Finance, in exclusive statements to ...

DUBAI / WAM Expo 2020 Dubai Bureau announced that it has signed a Memorandum of Understanding (MoU) with the Emirates Intellectual Property Association (EIPA), to raise awareness about the importance of protecting intellectual property. The MoU was signed by Najeeb Mohammed Al-Ali, Executive Director of Dubai Expo 2020Bureau, and Dr Abdul Qaddous Al Obaidli, Assistant Commander for Quality and Excellence ...

DUBAI / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved AED17 million to expand housing units for imams in Sharjah, in accordance with the number and needs of their family members. Ruler of Sharjah called on the Directorate of Public Works, DPW, to speed up the implementation of works. Ali ...

DUBAI / WAM An innovative approach to gauge the condition of bridges nationwide has been launched by the Ministry of Infrastructure Development. Dubbed “Advanced Bridge Condition Assessment Index” the measurement, developed in collabo- ration with the University of Sharjah, ensures periodical inspection of bridges by following a theory of algorithms whereby each and every material used in the construction of ...

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