Local News

DUBAI / WAM Tech-focused entrepreneurs, start-ups, SMEs and leaders are now able to give full vent to their potential at FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, which announced on Monday the commencement of its inaugural accelerator programme. The initiative features 11 finalists and brings together an emerging generation of technology leaders and entrepreneurs to address the ...

DUBAI / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed HousingProgramme, has signed two contracts on the construction and maintenance of the Al Montazi Residential Complex in the Mohamed bin Zayed Region of Ajman, valued at around AED1 billion, with the China State Construction Engineering ...

ABU DHABI / WAM The UAE Space Agency has discussed means of joint cooperation with the Ministry of Climate Change and Environment during a meeting between high-level Space Agency delegates and the Minister of Climate Change and Environment. Discussions included the possibility of providing data on local and international environmental issues as well as exchanging knowledge and expertise in relevant ...

Dubai / WAM Dubai Land Department (DLD) held a ceremony in honour of the first generation of real estate brokers who were the earliest supporters of the emirate’s property market and have played a fundamental role in boosting activity in this sector. Sultan Butti bin Mejren, Director-General of DLD, was present at the event organised by the Real Estate licensing ...

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 ...