Local News

Ajman / WAM Ajman Chamber of Commerce and Industry (ACCI) participated in 20th Arab-German Business Forum, organised by the Arab-German Chamber of Commerce and Industry in cooperation with the Union of Arab Chambers of Commerce and the Association of German Chambers of Commerce and Industry (DIHK) in Berlin. The forum was attended by Abdullah Al Muwaiji, Chairman of Ajman Chamber, ...

Abu Dhabi / WAM Sandooq Al Watan, a national initiative launched by prominent Emirati businessmen to support research projects, has received AED12 million in contributions to help support its mission to build a sustainable knowledge economy as directed by the UAE leadership’s vision for the post-oil era. Of the AED12 million total, AED1 million was pledged by the National Corporation ...

SHARJAH / Emirates Business Sharjah FDI Office (Invest in Sharjah) – an investment entity operating under the Government of Sharjah – is targeting events in two of China’s fastest developing cities in a bid to increase the UAE’s business opportunities with the Far East. The organisation will be exhibiting at the 2017 World Forum for Foreign Direct Investment, which takes ...

DUBAI / WAM Ten new schools set to open in September will give greater choice to parents across all communities in Dubai, the educational quality assurance and regulatory authority of the Government of Dubai, has said. Knowledge and Human Development Authority, says that these schools will offer IB, UK, Indian, US, Canadian and French curricula, and are expected to meet ...

Sharjah / Emirates Business The strengthening of ties and the exchange of expertise with United States (US) bodies were the topics on the table at a high-level meeting conducted by Sharjah Department of Statistics and Community Development (DSCD). Taking place at Sharjah Chamber of Commerce and Industry, the activity saw the Sharjah government department host a delegation from the US ...

Abu Dhabi / Emirates Business Miral’s subsidiary, Farah Experiences, held at Ferrari World Abu Dhabi, the second open day of its Ambassador Program, a training program focused on encouraging Emirati talent to grow in the travel and tourism sector. The open day welcomed 550 Emirati candidates seeking to join the Ambassador Program to gain knowledge and experience in this high ...

ABU DHABI / WAM The 9th International Economic Summit in Kazan between Russia and the Organisation of Islamic Cooperation (OIC), member countries started on Thursday in Kazan, the capital of Tatarstan, and will conclude on May 20. The UAE’s participation in this event is represented by a senior delegation, chaired by Dr Rashid bin Ahmed bin Fahad, Minister of State. ...

ABU DHABI / WAM The number of floating shares in the national banking sector available for trading reached 25.6 billion at the end of the first half of May, constituting 50 percent of the total capital of 18 national banks, amounting to 51.2 billion shares. The latest official statistics issued by the Abu Dhabi and Dubai financial markets show a ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced that it joined R3 as a new member of its international consortium. ADGM is the first regulatory body in the Middle East and North Africa region to be part of the R3 consortium, comprising over 80 members from the world’s leading financial institutions and regulators. As a member, the ADGM ...

DUBAI / Reuters UAE Exchange Group, a global remittance and foreign exchange business, aims to spend between $250 million and $300 million on acquisitions to build its global market share, its chief executive said. The group aims to increase its share of the $575 billion global remittance industry to more than 10 percent by 2020, from 6.75 percent currently, Promoth ...