Local News

SHARJAH / WAM In a move focused on pushing the innovation agenda in the UAE, a delegation from Sharjah Department of Statistics and Community Development (DSCD) visited the Mohammed bin Rashid Centre for Government Innovation (MBRCGI). During the visit, the DSCD was able to find out more about the best practices adopted by the centre to develop the business environment ...

Dubai / Emirates Business The Supreme Legislation Committee (SLC) has revealed the released an updated version of its strategic plan of the year 2019, which incorporates all the key guidelines and standards aimed at addressing and meeting all the goals and objectives of Dubai, its government agencies and stakeholders concerned with the development and implementation of legislation in the emirate. ...

ABU DHABI / WAM The UAE Banks Federation (UBF) has announced that it has secured the support of the Central Bank for its initiative that aims to develop a unified framework to handle customer complaints. The UBF is a professional body representing 48 member banks operating in the UAE. “The proposed framework was developed as part of UBF’s continued efforts ...

DUBAI / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the Arab Youth Centre has announced its organising of ‘Arab Youth Start-up Marketplace’ (AYSM), a unique annual event that sheds light on creative Arab youth start-ups. As part of centre’s initiatives, the AYSM seeks to establish a platform ...

Dubai / WAM Emirates NBD recorded half-year net profits of AED3.9 billion, up 5 percent on higher net interest income, lower expenses and lower provisions. Net interest income improved 2 percent year-on-year due to loan growth and helped by a recent improvement in margins. Net interest margin improved since the beginning of the year as loans reset at higher rates ...

BEIJING / WAM UAE Minister of State, Dr Sultan Ahmed Al Jaber, met on Wednesday with the Foreign Minister of the People’s Republic of China, Wang Yi, to discuss means of enhancing political, social, economic and trade relations between the two countries. Dr Al Jaber’s discussions with the Foreign Minister also included an exchange of sha- red views on extremism ...

DUBAI / Emirates Business The United Arab Emirates is most prepared for change among the Middle East and North African (MENA) countries, and the third most prepared in the world, KPMG’s 2017 Change Readiness Index (CRI) showed. The leading global audit, tax and advisory firm, launched the 2017 KPMG International Change Readiness Index, ranking 136 countries for their capacity to ...

AJMAN / WAM A total of 1052 business licenses have been issued in Ajman during Q2, 2017, reflecting the accelerated development of the emirate’s economy. With only 165 licenses revoked, the figures, revealed by the Planning and Development Division at Ajman Department of Economic Development, DED, indicated a 12.3 percent growth in the number of renewed licenses during the same ...

DUBAI / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, the integrated free zone technology park, in collaboration with NXN (formerly neXgen), the leading smart city consulting and digital service provider, have received the prestigious ‘Best Infrastructure Innovation Award’ for its Silicon Park project at the annual Global Telecoms Business (GTB) Innovation Awards ceremony ...

DUBAI / WAM The Primary Health Care (PHC) sector will witness a notable expansion in its facilities and services in the next phase, Dr Manal Taryam, CEO of PHC at the Dubai Health Authority (DHA) revealed during the ‘Leaders at Your Service’ session, on Wednesday. The DHA launched Leaders at Your Service, under the directives of Humaid Al Qutami, Chairman ...