Local News

TBILISI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with the Foreign Minister of Georgia, Mikheil Janelidze to discuss means of enhancing and developing bilateral relations between the two countries. During the meeting, which was held as part of Sheikh Abdullah’s official visit to Georgia, the two ministers also reviewed the ...

RAS AL-KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has said that the UAE has managed to achieve an exceptional position in field of volunteer work due to the support of the wise leadership, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President and Prime Minister ...

Dubai / Emirates Business Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its first half results for the period ended June 30, 2017. The group net profit increased to AED 2,143 million (AED 2.14bn), up 7% compared with AED 2,004 million for the same ...

DUBAI / WAM The Dubai International Financial Centre (DIFC) Courts announced its partnership with Microsoft to drive digital transformation of the commercial courts’ systems in region and beyond. Building on a successful digital courts projects such as DIFC Courts’ Smart Small Claims Tribunal (SCT), DIFC Dispute Resolution Authority (DRA) signed a Memorandum of Understanding (MoU) with Microsoft during the International ...

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, is to extend its support to the State of Green Economy report by Dubai Carbon Centre of Excellence (DCCE) as a Platinum Sponsor. The Green Economy report sheds light on Dubai’s accomplishments and achievements in developing and applying green economy charters throughout the different ...

DUBAI / WAM More than 6.8 million transactions have been conducted by the Business Registration and Licensing Sector (BRLS) at the Department of Economic Development (DED) Dubai, since its launch in 1997, a figure that underlines the sustainable growth posted by companies in various commercial activities and the competitiveness of the business sector in the emirate and the UAE at ...

ABU DHABI / WAM The total number of investors in Abu Dhabi Securities Exchange (ADX), by the end of H1 2017 reached 961,000 with a total of 2,276 investor numbers issued by ADX during the same period. Of the total numbers issued during the first half of 2017, 2020 were for individuals and 256 for institutions. Up to 1,173 numbers ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), announced it is to implement the Common Reporting Standard (CRS), Regulations in support of the United Arab Emirates’ international obligation in implementing the standards of joint disclosures and the exchange of information for tax purposes set out by the G20 and Organisation for Economic Cooperation and Development (OECD). The CRS Regulations ...

DUBAI / Reuters Dana Gas will lift an injunction it obtained in a UAE court protecting it against claims on $700 million of Islamic bonds to comply with a London court order, a source with knowledge of the matter said. But Dana believes a stay on proceedings in Sharjah will still permit it to resume its legal action there, if ...

DUBAI / WAM Emirates will increase the frequency of flights between Dubai and Khartoum from five to seven a week starting August 8. As with Emirates’ current flights between the two cities, it will also operate a Boeing 777 on the additional services, offering customers a choice of cabins with 8 luxurious private suites in First Class, 42 lie-flat seats ...