Local News

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) recently issued a comprehensive halal industries guide as part of its initiatives to contribute to Dubai’s vision of becoming the capital of the Islamic economy for 2017-2021. The first-of-its-kind guide titled ‘Dubai: The Global Gateway to Halal Industries’ describes Halal products in different sectors, highlighting several investment opportunities for foreign ...

ABU DHABI / WAM The m-Government – Telecommunications Regulatory Authority (TRA) announced that 1,800 persons participated in the evaluation of the official portal of the UAE government, Government .ae, during July 2017, with a result showing 84 percent satisfaction with the quality of the portal’s content, while 16% percent said they were dissatisfied with the content, and provided some comments ...

Dubai / Emirates Business A recent census of optician stores in the United Arab Emirates (UAE) has revealed that the power of shopping malls to attract consumer buying behaviour is growing, with a 22% rise in the number of shopping mall-based opticians since 2014. These locations now account for one third of all optician business in the Emirates. GfK, the ...

ABU DHABI / WAM The UAE stock markets started the maiden session of the week on a high note following a selective buying spree targeting a series of blue chips which secured some gains over the past few days. Within this context, the DFM General Index went up 0.39 percent to 3615 points, which is an acceptable level according to ...

ABU DHABI / WAM The banking sector increased their statutory reserves at the UAE Central Bank by AED8.6 billion during H1, 2017, bringing to AED125.5 billion the total required reserves by the end of June 2017, according to CB statistics. Statutory reserves are the minimum liquidity banks are required to hold against client deposits without getting interests in return. The ...

Dubai / WAM Dubai Aerospace Enterprise (DAE) has completed its previously announced acquisition of the AWAS group of companies in a move that propels DAE into the top tier of global aircraft lessors. DAE will now conduct its aircraft leasing business using the DAE Capital brand name. DAE Capital now features an owned, managed and committed fleet of approximately 400 ...

DUBAI / WAM Tejar Dubai, an initiative of the Dubai Chamber of Commerce and Industry has said that a total of 28 commercial projects have been launched to date by its participants with a majority of Emirati-owned businesses operating within the UAE’s smart services, retail, logistics, and food and beverage sectors. A total of AED 15.4 million worth of financing ...

DUBAI / WAM Smart Dubai Government Establishment contact centre has received ISO 18295 certification, Parts I and II, as well as the CCA Global Certification for Contact Centre Management. This makes the centre the first in the world to receive the ISO certificates, awarded by the Switzerland-based International Organisation for Standardisation (ISO) and the first in the region to receive ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) discussed with European energy companies, Dubai’s efforts to develop renewable and alternative energy, rationalise the use of natural resources, and find alternative solutions to conventional energy. The discussion took place during his meeting with a delegation of these companies which included Daniel Develay, ...

DUBAI / Emirates Business wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, is forging ahead at wasl1 – the company’s iconic parkside freehold master development in the heart of Dubai. Enabling works are now underway following the appointment of Kele Contracting for Phase 1 of the project. Hills & Fort Construction LLC ...