Local News

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 ...

Abu Dhabi / Emirates Business Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, on Thursday announced its financial results for the first quarter ending March 31. Amlak reported net profits of AED 7.5 million for the quarter ended March 31 2017. This was the result of decline in intermittent nature of revenue from sale of ...

Sharjah / WAM His Highness Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, on Thursday inaugurated Medcare Hospital, located on King Faisal Street in Al Qasimia, Sharjah. H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah was present. As the first initiative of its kind, patients will be able to ...

Dubai / WAM The Ministry of Climate Change and Environment (MoCCaE), denied rumours circulating on Jordanian media outlets with regards to the UAE’s lifting of the ban on imports of certain vegetables and fruits from the Kingdom of Jordan, saying that no decision has been issued in these regards by the UAE. Last month, the Ministry announced a decision to ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), participated in the ‘For you Somalia’ campaign, which was launched by the Emirates Red Crescent to alleviate millions of people suffering from famine and war in Somalia. This came as part of DEWA’s commitment to the community, and its efforts to achieve the objectives of the #Year of Giving, and to ...