Local News

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) announced the expansion of its partnership model to span the group’s entire value chain as well as the more active management of its portfolio of assets. The new initiative builds on ADNOC’s flexible operating model and its 2030 growth strategy, enabling it to unlock and maximise significant value from ...

Dubai / WAM Emirates NBD announced that it will provide clearing member services to its subsidiary, Emirates NBD Securities, making the brokerage firm, the first trading member to sign with the bank. The announcement follows Securities and Commodities Authority (SCA), UAE’s approval of Emirates NBD as its first general clearing member providing clearing and settlement services to trading participants of ...

Dubai / WAM The Roads and Transport Authority (RTA) in Dubai is gearing up for hosting the inaugural International Road Federation (IRF) Middle East and North Africa (MENA) Regional Congress and Exhibition on October 29, 31. A number of specialists and experts from around the globe will take part in the event to share expertise and engage in discussions about ...

SHARJAH / WAM The Emirates Publishers Association (EPA) and the Sharjah Book Authority (SBA) recently convened a meeting to explore ways to develop the publishing industry in the UAE and the Arab world, as well as strengthen the presence of Emirati publishers in the regional and global publishing arenas. The meeting aligns with both entities’ long-term strategy to enhance collaboration ...

DUBAI / WAM Dubai plans to have a new deep-tunnel sewerage system costing around AED30 billion by the year 2025 as part of the emirate’s efforts to accommodate any future growth and meet long-term needs for used water collection, treatment, reclamation and disposal. Dubbed the ‘Development of the Century’, the project should save millions of dirhams worth of maintenance costs ...

Abu Dhabi / WAM Abu Dhabi’s e-Government will participate in the Esri User Conference (Esri UC), the world’s leading geographic information systems, GIS) event, to communicate, exchange experiences and share knowledge on the latest technologies and innovations in the industry. The conference is organised by the Environmental Systems Research Institute Esri, in San Diego, California from June 10 to July ...

Dubai / Emirates Business Emcredit, a subsidiary of Dubai Economy, has forged a strategic alliance with Network International, the leading payment solutions provider in the Middle East and Africa region, to deliver world-class mobile payment solutions in the UAE. Under a Memorandum of Understanding (MoU) signed between the two entities, Network International will provide advanced acquiring functionality for Emcredit’s next ...

ABU DHABI / WAM As part of its efforts to develop sound and efficient infrastructure for banking systems in the Arab World, the Abu Dhabi-based Arab Monetary Fund (AMF), discussed reports on central banking issues, payment settlement systems and methodologies to promote financial inclusion and stability in the Arab countries. The reports were received by the Arab Committee on Banking ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals has been adjudged as the Best Insurance Company at the Banker Middle East (BME) Awards 2017 in Dubai. Commenting on the achievement, Abudlla Al Nuaimi, Executive Vice President – Shared Services at ADNIC said: “ADNIC’s performance in ...

DUBAI / WAM In unison with the Smart Dubai vision, a smart mobility concept has been launched in the emirate to dedicate routes for the movem-ent of smart vehicles at Dubai Silicon Oasis. The initiative is the brainchild of the Roads and Transport Authority (RTA), and Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the ...