Local News

  ABU DHABI / WAM The 11th annual Sheikh Zayed Book Award ceremony was held in the presence of dignitaries and prominent figures to honour the 2017 winners. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the ceremony was attended by ...

  Dubai / WAM Dubai Culture and Arts Authority, Dubai Culture, the emirate’s dedicated entity for culture, arts and heritage, concluded its ‘Live Our Heritage’ festival, which was held in City Centre Mirdif under the theme ‘UAE Folk Arts.’ The festival was attended by a number of VIPS including Sheikha Fatima bint Hasher Al Maktoum, who visited on the last ...

  Dubai / Emirates Business The Dubai Financial Services Authority (DFSA) hosted a seminar on ‘Liquidity Generating Innovations in Islamic Finance’ in conjunction with the Islamic Financial Services Board (IFSB). The event was held at the Ritz Carlton, Dubai International Financial Centre (DIFC). The seminar served as a platform to explore the use of existing Islamic capital market instruments such ...

  ABU DHABI / Agencies Abu Dhabi Commercial Bank (ADCB) reported on Sunday AED1.1 billion in net profit attributable to equity shareholders, marking an 8 percent increase from the AED1.02 billion recorded in the same quarter of 2016. The bank said the rise in profits was driven by healthy volumes and a strong non-interest income combined with a well-managed cost ...

  Abu Dhabi / WAM Net foreign and corporate investments at UAE stock markets surged to AED 613 million during April 2017 despite the relative volatility of some stocks over the past four weeks. The increasing liquidity is attributable to the hike in foreign purchases, specially by non-Arabs, which hit AED 4.813 billion in April, with sales for the same ...

  SHARJAH / WAM The UAE Ministry of Economy has revealed the signing of a new cooperation agreement with the Korean Intellectual Property Office (KIPO) aimed towards improving the UAE’s patent system. The agreement falls within the framework of completion and implementation of the terms of MoU signed by two parties in October last year. Highly qualified technical experts and ...

  Dubai / Agencies Deyaar Development announced on Sunday that its net profit amounted to AED 32 million in Q1 of 2017. A company statement said real estate development revenues more than doubled to AED 142 million in the first three months of the year, from AED 60 million in Q1-16. Deyaar reported a strong year-on-year increase in revenues to ...

  Dubai / Emirates Business His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the Dubai Font, Microsoft’s first font to be created by a city and named after it, in line with the UAE’s vision to become a regional and global leader in innovation. On this occasion, ...

  Dubai / WAM In implementation of the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Hussain Nasser Lootah, Director General of Dubai Municipality, issued a directive to use the “Dubai Font” in all Municipality transactions with immediate effect. Lootah has asked the Municipality officials to begin to implement this font in the Municipality’s ...

  Dubai / WAM Representatives of small and medium enterprises, (SMEs), will get a chance to showcase their firms to procurement staff from Expo 2020 Dubai and some of its largest contractors at an event next week. The first in a series of ‘Meet the Buyers’ events will take place on May 10 in Dubai, where SMEs can gain valuable insight ...