Local News

  Sharjah / Emirates Business Souq Al Jubail (SQAJ), Sharjah’s largest fresh produce market and an investment project of Sharjah Asset Management, is supporting the ‘Save Safi and Sheri’ campaign launched by the Ministry of Climate Change and Environment (MOCCAE). Taking place from the 1st of March to the 30th of April 2017, the campaign will strive to protect fisheries ...

  Sharjah / Emirates Business Committed towards harnessing the entrepreneurial energy of youth to pioneer new businesses, Sheraa hosted 2017’s inaugural Startup Weekend at its state-of-the-art hub in American University of Sharjah. The Startup Weekend event is part of the global movement coordinated by TechStars and supported by ‘Google for Entrepreneurs’. In this edition, Sheraa provided a platform to over ...

  Dubai / Emirates Business Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has recently signed an agreement with SriLankan Airlines, the national carrier of Sri Lanka. According to the terms of the agreement, SriLankan Airlines customers will now be able to make payments through more than 170 UAE-wide Al Ansari Exchange branches. The service will ...

  Sharjah / Emirates Business Sharjah Ladies Club (SLC) honoured the winners of the Sharjah Ladies Run 2017, which took place at Sharjah University City. Characterised by fierce but friendly rivalry, the run saw the participation of about 1,500 female racers from 54 countries, with 66% Emiratis taking part. The competition was held in the presence of a large number ...

  ABU DHABI / WAM Ups and downs in the UAE financial markets dominated Thursday’s session amid liquidation margin, driving the general index of Abu Dhabi Securities Exchange up by 0.34 percent or 4,653 basis points while the Dubai Financial Market saw a 0.33 percent drop to 3,634 basis points. The market value of shares traded gained by AED25.5 billion ...

  ABU DHABI / WAM The total value of non-oil trade between Abu Dhabi and Saudi Arabia reached AED17 billion in 11 months during 2016, based on statistics that focussed mainly on the imports through Abu Dhabi’s land, sea, and airports. According to the official statistics, Saudi Arabia came in second place on the list of the countries that traded ...

  ABU DHABI / WAM The MENA region’s finance elite converged on Abu Dhabi to discuss the region’s role in the global economy and international factors shaping the region’s investment landscape. With the UK’s vote to leave the European Union just starting to set in and a new republican administration in the White House, two of the world’s largest economies ...

  ABU DHABI / WAM An AED29.7 million 33/11 kilovolt power station was inaugurated in Tawyeen in the Emirate of Fujairah as part of the Federal Electricity and Water Authority’s (FEWA) plans to meet growing demand for electricity arising from urban, demographic and economic expansion. Mohammed Mohammed Saleh, Director-General of FEWA, said the new 75 MV plant would serve residential ...

  Dubai / Emirates Business Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly approved the distribution of 45 fils per share as cash dividend for 2016, maintaining the strong return to shareholders since it embarked on a growth agenda three years ago. The assembly also approved the bank’s 2016 financial statements. ...

  Abu Dhabi / Emirates Business Emirates Global Aluminium has become the first Middle East-headquartered aluminium company to join the Aluminium Stewardship Initiative, which brings the world’s leading mining and metals companies together with household-name aluminium customers to set global standards for governance, environmental and social responsibility. EGA invested almost US$1 billion since 2010 in environmental technologies and facilities to ...