Local News

DUBAI / WAM The Board of Executive Directors of Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board, has endorsed the awarding of a contract for procuring 125 new school buses. The new buses will add to the fleet of the Dubai Taxi Corporation (DTC) to cope with the growing school transport activity. ...

Dubai / Emirates Business Dhofar Global, a leading supplier of hygiene products in the Middle East, announced that it has signed an agreement with AccorHotels, the world’s leading travel & lifestyle group. Through the agreement, Dhofar Global will supply world-class cleaning and hygiene products for the hotels the Group operates in the UAE, Oman, Bahrain and the Seychelles. The deal ...

ABU DHABI / WAM The cash flow circulating on the UAE market by UAE nationals and residents, including individuals and corporations alike, gained AED5.1 billion during H1 2017, bringing to AED67.4 billion the money supply circulating outside the banking sector by the end of June, according to UAE Central Bank statistics. On a YOY basis, the liquidity available outside banks ...

Abu Dhabi / WAM China continues to top the list of UAE’s major trade partners for the third straight year, with total bilateral trade exchange amounting to AED520.6 billion from 2014 through 2016, according to Ministry of Economy statistics. India came second followed by the USA, while the Kingdom of Saudi Arabia came fourth and then Germany fifth. Despite the ...

Abu Dhabi / WAM Abu Dhabi Airports has been awarded the UAE’s first Aerodrome Flight Information Services (AFIS) certification from the General Civil Aviation Authority (GCAA), for Sir Bani Yas Airport. AFIS is provided at airfields where flight information is required, but where the aircraft traffic does not warrant having a full Air Traffic Control service. AFIS can provide information ...

Dubai / WAM Master developer Nakheel has awarded four contracts, collectively valued at more than AED430 million, for Deira Islands’ new 15.3 square km waterfront city currently under construction in Dubai. The contracts, covering islands A and B of the four-island development, are for a sewage treatment plant, a district cooling plant, a substation and piling work for an 800-room ...

ABU DHABI / Reuters Dubai builder Arabtec said on Wednesday that it had swung to a net profit in the second quarter, boosted by profits from its investment in interior designer Depa as well as by cost-cutting. Arabtec made a net profit attributable to equity holders in the parent of 39.8 million dirhams in the three months to June 30, ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, met His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in Dubai. During the meeting, Their Highnesses discussed a number of national and regional issues ...

DUBAI / Emirates Business The UAE public sector is driving the country’s blockchain’s $300 million market to deliver fast and secure customer and citizen transactions, global blockchain enabler SAP announced. In contrast to business transactions with third parties like banks, blockchain sends records over a peer-to-peer network. With the inter-connected Internet of Things era advancing, UAE organizations are increasingly using ...

DUBAI / WAM The robust growth momentum of the non-oil private sector in Dubai was maintained in July, with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index, a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy, at 56.3 in July, broadly similar to 56.5 in June. The latest index reading ...