Local News

ADFD financed AED 9 billion Morocco development projects

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), Abu Dhabi’s leading national entity for development aid, and the Government of Morocco have enjoyed strong bilateral ties dating back to 1974. The four-decade-long close relations continue to drive sustainable socio-economic development across key sectors that benefit the citizens of Morocco. To date, the Fund has supported Morocco with ...

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UAE’s transport projects value reaches $87 billion in first half

DUBAI / Emirates Business The total value of 481 active transport projects exceeded AED 321.49 billion ($87.6 billion) in the first half of 2017, according to BNC Network, – the largest and most comprehensive construction intelligence service in the Middle East and North Africa (MENA) region. Of these, 364 projects with a combined value of $36.5 billion are road projects ...

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Dubai tourist arrivals jump 10.6% to 8.06mn in first half

DUBAI / Emirates Business A record total of 8.06 million international overnight tourists arrived in Dubai during the first six months of 2017, reflecting a stellar 10.6 percent increase over the same period last year. Figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) affirm the foundational strength, and sustained acceleration of the emirate’s tourism sector, as ...

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DCCI promotes Dubai as global industrial hub in Russia

DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) participated in INNOPROM 2017, Russia’s largest international industrial trade fair, as part of its efforts to showcase Dubai’s potential as a global hub for emerging industries. The conference and exhibition, held in Ekaterinburg, featured a Dubai Chamber stand which provided visitors with an overview of the Dubai Industrial ...

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Mashreq launches digital mobile wallet

DUBAI / Emirates Business The UAE’s market leader in innovation, Mashreq Bank, announced the launch of MashreqPay — a digital mobile wallet providing secure easy-to-use payment for purchases, anywhere in the world where cards are accepted and the merchant terminal has NFC (near-field-communication) capability. Since 2014, when Mashreq launched the first mobile contactless payment wallet with its Tap-n-Go sticker, the ...

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UAE submits candidacy for membership into IMO

Abu Dhabi / Emirates Business The UAE has officially submitted its candidacy for membership into the International Maritime Organization’s (IMO) Category B during its participation in the organization’s General Meetings held in London. The plenary sessions, which was chaired by His Excellency (HE) Abdullah Belheif Al Nuaimi, Minister of Infrastructure Development and Chairman, Federal Authority for Land and Maritime Transport, ...

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Abu Dhabi issues 4,538 new trade licenses in H1

Abu Dhabi / WAM The total number of new commercial licences issued in the emirate of Abu Dhabi and registered at the Abu Dhabi Business Centre (ADBC), affiliated to the Department of Economic Development (DED), reached 4,538 during the first half of this year. This includes 2,330 licences issued during the first quarter and 2,208 in the second quarter. The ...

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Sharjah airport records 5.5mn passengers in H1

SHARJAH / WAM A total of 5.5 million passengers passed through Sharjah International Airport (SIA) during the first half of 2017. The latest numbers show an increase of 2.9 percent as compared to the 5.3 million passengers recorded during the first half of 2016. In a statement, SIA has also revealed that 835.8 thousand passengers in June 2017 passed through ...

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National strategy for motherhood and childhood launched

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, has laun-ched the National Strategy for Motherhood and Childhood and the Strategic Plan for boosting the rights and development of children with disabilities 2017-2021. Sheikha Fatima made the ...

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