Local News

FUJAIRAH / WAM The Fujairah Chamber of Commerce and Industry is organising TEDxFujairah on August 11 under the theme “Think Deeper, Time to Break Barriers.” The Technology, Entertainment and Design, TEDx, Programme is designed to help communities, organisations and individuals to spark conversations and make connecti- ons through local TEDx-like experiences. Seven talented young minds will speak about their innovative ...

Dubai / WAM Smart Dubai, the government office leading Dubai’s smart city transformation, has been selected by the United Nations’ International Telecommunication Union (ITU) to co-chair the global Working Group on Data Economy, Commercialisation and Monetisation. The announcement was made at the ITU’s meeting in Geneva, Switzerland, where the Union, as the UN’s main body handling information and communications technology ...

ABU DHABI / WAM The subscription base in UAE mobile phone services expanded 2.4 percent during H1 2017 to 18.7 million subscribers from 18.26 million in the corresponding period last year. The growth reflects the vibrant and robust nature of the UAE’s telecommunications sector which is considered a significant mainstay of the economy. According to recent data released by Etisalat, ...

DUBAI / Emirates Business Emirates airline announced a partnership with The General Secretariat of The Executive Council of Dubai, which will see it air a video describing the ‘Dubai Font’ story to flyers from around the world. Designed to reflect the modernity and culture of innovation that exists within Dubai, the video will see the city further cement its reputation ...

ABU DHABI / Emirates Business Abu Dhabi’s Department of Finance has announced that the ‘Al Maqta’a bidding hall’ processed tenders worth AED as much as 10,260,975,489 from ten different government entities in the Emirate of Abu Dhabi during the first half of 2017. The aim behind Al Maqta’a is to enhance transparency, competitiveness, and open-ness pertaining to tenders issued by ...

ABU DHABI / WAM In yet another indicator of the growth in economic sentiments in the country, the number of ATM operated by banks in the UAE hit a total of 5219 by end of H1, an increase of 2% from 5118 in same period in 2016, according to UAE Central Bank statistics. The continual rise in ATMs in country ...

ABU DHABI / WAM The Abu Dhabi Events Licensing System (ELS), which was launched earlier during the year by Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) has experienced unprecedented growth of 19.5 percent in total applications between Q1 and Q2. About 9,002 applications covering all types of events were submitted during the first half of 2017.

DUBAI/ Reuters Abu Dhabi government-owned Al Hilal Bank has raised $100 million through a private placement of sukuk, or Islamic bonds, sources familiar with the matter said on Monday. The issue, led by First Abu Dhabi Bank, has a two-year maturity and offers 90 basis points over three-month London Interbank Offered Rate (Libor). The bank, an Islamic lender, issued a ...

Dubai / Emirates Business Abu Dhabi International Airport (AUH) handled 11,928.609 passengers between January 2017 and June 2017, compared to 11,848,359 during the same period last year, registering an increase of 0.7%. As many as 1,763,103 passengers used the airport during the month of June 2017, registering as much as 5.3 % drop in traffic compared with the same month ...

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, visited the Expo 2020 Dubai Site Office and said he was encouraged by the developments on site. During the visit, His Highness was accompanied by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ...