Local News

Abu Dhabi / WAM The UAE Central Bank’s foreign currency assets increased 1.5 percent to AED322.4 billion during the month of May from AED317.44 billion in April, according to statistics released Tuesday by the bank. The surge is attributable to the rise in UAE banking balances and deposits overseas from AED147.85 billion in December to AED215.66 billion by the end ...

Dubai / WAM Dubai Municipality has donated 100,000 lamps for Dubai housing projects, as part of the municipality #Year of Giving initiatives. The move is part of the municipality’s community responsibility to serve the nation and contribute to its development process, said Ahmed Saeed Al Badwawi, Director of Applied Sustainability and Renewable Energy Department. The lamps represent unique innovation in ...

Dubai / WAMM A UAE delegation, led by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, marked a successful attendance at the World Scientific and Engineering Congress (WSEC 2017), convened at Astana EXPO 2017 Congress Centre in Kazakhstan from June 19-20, 2017. The conference held under the theme “Energy of the Future: innovative scenarios and methods of ...

Dubai / WAM Du has announced its new satellite Teleport Facility, located in the Al Qudra area of Dubai, away from planned commercial and residential real-estate developments. The new upgraded facility covers an area of 75,000 sq. meters and has been built to enable the expanding requirements of du broadcast customers, to deliver a superior service with a focus on ...

DUBAI / WAM The UAE Government Leaders Programme (UAEGLP) launched a new category ‘UAE Youth’ Programme, in collaboration with the Emirates Youth Council, to empower and prepare competent young nationals to lead the country’s future across all strategic sectors. The new category is the fourth to be added to the wider UAE Government Leaders Programme, which also includes the Strategic ...

Abu Dhabi / WAM TechPreneur Africa, a social impact firm which focusses on harnessing innovation and entrepreneurship to achieve real economic impact across Africa, has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, to foster and support the growth and activities of FinTech in the Middle East and ...

Abu Dhabi / WAM With a total traded volume of 155.5bn securities, the UAE capital markets topped list of GCC most liquid markets in 2016, with Saudi Stock Exchange coming second with a total of 67.7bn securities. The UAE financial markets came second only to Saudi Arabia in terms of market value, which amounted in 2016 to AED817bn, US$222bn, with ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD) has launched a consultancy service to develop the industrial sector and streamline its procedures in the emirate. The service has been developed due to the fact that Sharjah has an excellent investment environment, especially in the industrial sector, in addition to its strategic location and its ownership of a large number of ...

SHARJAH / WAM H.H. Sheikha Jawaher bint Mohammed Al Qasimi, wife of H.H. the Ruler of Sharjah, UNHCR Eminent Advocate for Refugee Children and Chairperson of the Big Heart Foundation (TBHF), has strongly urged world leaders to escalate all relief efforts to control the unprecedented global refugee crisis, restoring peace and stability in countries and regions affected by war and ...

Abu Dhabi / WAM In yet a new bullish sign of its ability to break new highs over the coming few days and to further stir the market appetite, Emaar broke the AED8.00 mark for the second time in two weeks, drawing transactions worth AED88 million on Monday. Analysts attributed the upbeat sentiments that prevailed today to Emaar’s outperformance, specially ...