Local News

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, has partnered RAK Centre for Statistics & Studies to develop detailed analysis of the economic impact local, regional and international visitor arrivals play on the emirate’s gross domestic product (GDP). The MoU between t ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Australian Securities and Investments Commission (ASIC) have strengthened their FinTech collaboration with an official strategic partnership to further advance developments and initiatives that nurture Fintech entrepreneurship and support innovation in financial services in Abu Dhabi and Australia. The FinTech bridge is a ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) has announced the establishment of an arbitration hearing centre on Al Maryah Island by early 2018. This significant milestone augments the recent development and agreement with world-leading arbitral institution, the International Court of Arbitration of the International Chamber of Commerce (ICC Court), to launch its Middle East representative office in ADGM. ...

RAS AL KHAIMAH / WAM Ras al-Khaimah Chamber of Commerce and Industry, RAK Chamber, has signed a Memorandum of Understanding (MoU) with Ras al-Khaimah International Airport, to boost mutual cooperation, exchange of expertise and studies. The MoU will cement the basis of joint work between the two parties in a systematic way that aims at realising a constructive mutual partnership ...

DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) has been named as a finalist for the Best Unconventional Project award in the 2017 World Chambers Competition. The Chamber, set to present its nominated project at the 10th World Chambers Congress in Sydney this September, is the only chamber of commerce from the Middle East and North ...

DUBAI / WAM AccessAbilities Expo 2017, the region’s largest dedicated event for the disabilities sector scheduled to be held in November, will host a conference for the ‘people of determination’ titled ‘Inclusion in the Workplace’. This conference will be held in line with the vision of Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh ...

DUBAI / Emirates Business Modhesh World, one of the most popular indoor edutainment destinations in the region, has stepped up its efforts to offer an all-immersive entertainment arena by unveiling a ‘Handicraft’ section in the ‘Food Park DXB’ zone located in Hall 1 of Dubai World Trade Centre (DWTC). The section features pop up stores and kiosks selling a variety ...

ABU DHABI / WAM Abu Dhabi’s trade in pearl, gemstones and precious metals surged to AED4.9 billion during the first four months of the year, posting an impressive growth of 25.6 percent over the corresponding period last year, according to Statistics Centre-Abu Dhabi. The trade inflowing via the country’s air, land and sea ports of entry accounted for 8.4 percent ...

DUBAI / Emirates Business The UAE is benefitting more from the rebound in world trade flows and growth in global tourism than other GCC economies, according to ICAEW. In a new report, released on Tuesday, the accountancy and finance body says the UAE has a more favourable economic outlook because it is the most diversified economy in the GCC. Fuel ...

Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said on Tuesday. Reuters reported earlier that the company had notified two term buyers in Asia that they would receive 10 percent less crude for September, according to two sources familiar with ...