Local News

Dubai / WAM Dubai Customs carried out 2.329 million customs transactions during the first quarter (Q1) of 2017 compared to 2.241 million customs transactions in the same period in 2016. This reflects a healthy continuity of growth and a better performance of external non-oil trade sectors. The growth supports the diverse national economy and helps the UAE better advance towards ...

Abu Dhabi / WAM In celebration of International Museum Day on May 18, the Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, is inviting visitors to experience Al Ain’s past through a free cultural programme from May 16-18, to evoke the history of museums in Abu Dhabi and uncover the link to their future. The ‘Museums by Night’ programme ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Saturday President Mauricio Macri of Argentina at Zabeel Palace. While welcoming the President of Argentina and his accompanying delegation, His Highness Sheikh Mohammed bin Rashid stressed that such mutual visits between officials of the UAE and Argentine ...

Beijing / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State met Zhang Yesui, Vice Minister of Foreign Affairs of the People’s Republic of China, in Beijing on Saturday. The meeting took place during Dr. Al Jaber ’s official visit to China to attend the Belt and Road Forum for International Cooperation, in Beijing. The ministers discussed the ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), has concluded its first roadshow in New York City. Accompanied by a number of its listed companies, the officials from the exchange hosted meetings with around 50 institutional investors from various asset management companies and hedge funds whose assets under management are around US$ 7 trillion. The roadshow was designed to ...

Abu Dhabi / WAM Abu Dhabi Quality and Conformity Council (QCC) released an updated edition of the Infrastructure Standards Guidelines (ISGL) for the emirate of Abu Dhabi, following its approval by the Infrastructure and Environment Committee of Abu Dhabi Executive Council. The updated ISGL will serve as a comprehensive guide to all entities concerned with infrastructure development in Abu Dhabi. The ...

ABU DHABI / WAM The UAE dirham has continued to appreciate in Q1 2017 for the twelfth consecutive quarter, according to Central Bank of the UAE statistics. With a few exceptions, the dirham appreciated against most of the UAE’s main trade partners. From the import side, the weighted dirham’s appreciation against its top-nine non-dollarised import partners, which claim 48.5 percent ...

ABU DHABI / WAM Waha Capital, a leading investment company based in Abu Dhabi, has reported a net profit of AED87.6 million for the first quarter of 2017. The company’s asset management division, which manages capital markets, and private equity and private debt investments, continued to deliver strong returns and now accounts for just over two thirds of total income. ...

ABU DHABI / WAM Abu Dhabi National Energy Company (TAQA) announced Q1 total revenues of AED4.1 billion, an increase of 6 % on previous year (Q1 2016: AED 3.9 billion), for the period ended March 31, 2017. Saeed Al Dhaheri, Acting Chief Operating Officer, said, “After the completion of our two-year transformation programme, I am pleased to announce a return ...

Dubai / WAM The country’s commitment to internationally agreed standards of transparency and exchange of information for taxation purposes was the crux of a workshop organised by the Ministry of Finance in collaboration with the Organisation of Economic Cooperation and Development. The workshop reviewed a series of issues of close relevance to tax and monetary policies developed to realign taxation ...