Local News

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) commended the foundation stone laying ceremony of Senegal’s National Road No.2 (Ndioum – Ourossogui – Bakel) project. ADFD, one of the key financiers of the 336-km long infrastructure project, allocated a concessionary loan of AED53 million (US$15 million). Senegalese President, His Excellency Macky Sall, attended the ceremony and ...

  Sharjah / Emirates Business Knowledge without Borders (KwB), a Sharjah-based cultural initiative, is continuing to share its insights and experiences with visitors to ITB Berlin 2017, the world’s leading travel trade show, which runs from March 8-12, in Berlin, Germany. KwB is illustrating its rich and creative presence to the visitors, experts and delegates at the fair with a ...

  Berlin / Emirates Business In order to encourage tourist traffic, and promote international partnerships to attract tourists to the Emirate of Ajman, and as part of its strategic objectives to exchange expertise and collaborate with leading travel and tourism companies, the Ajman Tourism Development Department (ATDD) signed three agreements with major tourism companies. This aims to develop the domestic ...

Dubai / Emirates Business Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture & Arts Authority (Dubai Culture), inaugurated the seventh edition of SIKKA Art Fair 2017 – Dubai Culture’s flagship initiative under the Dubai Art Season umbrella. Also, present at the inauguration was Her Excellency Ohood bint Khalfan Al Roumi, Minister of State ...

  Sharjah / Emirates Business A number of children skipped the usual amusement parks, gaming arcades and malls to advocate for breast cancer awareness. About 80 young horse riders, starting at the age of 2 year, came in with their horses and ponies to participate in the Pink Caravan Ride’s first ever Children’s Ride, which they organised in collaboration with ...

  DUBAI / WAM The theme parks in the UAE are dialling up the “smart” visitor experience to ensure the country remains one of the world’s fastest growing markets, industry experts announced, ahead of the of the Dubai Entertainment, Amusement, and Leisure Show. The UAE is the dominant market in the Middle East and North Africa, the world’s fastest growing region ...

  Abu Dhabi / WAM The Union National Bank (UNB) has no intention of merging with any other bank, its chief executive officer (CEO) has affirmed. “There are no formal procedures or any intention to merge UNB with any other banking institutions,” Mohammed Nasr Abdeen told reporters after the bank’s Annual General Meeting on Wednesday in Abu Dhabi. The bank ...

  Abu Dhabi / WAM The Emirates NBD Dubai Economy Tracker Index (DET) eased slightly to 56.2 in February from the two-year high reached in January, according to new data released today by the lender. The DET in February was higher than the average reading for 2016, signaling an acceleration in economic growth at the start of this year. Output and ...

  Dubai / WAM Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges. Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between central securities depositories in the respective ...

  Dubai / WAM The third edition of the Dubai Canvas Festival concluded following a week-long exhibition of scintillating 3D art created by some of the world’s most innovative exponents of the art form. The public 3D art festival was organised by Brand Dubai, the creative arm of the Government of Dubai Media Office, in partnership with Meraas, one of Dubai’s ...