Local News

  Sharjah / WAM The total value of real estate investments implemented in the first six months of 2016 amounted to AED12.1 billion, while the total number of real estate transactions carried out by the department during the same period last year reached 25,474, Abdul Aziz Ahmed Al Shamsi, General Director of the Sharjah Real Estate Registration Department, has revealed. Al ...

  Dubai / WAM Amlak Finance PJSC on Monday announced its financial results for the half year ended 30th June, 2016, recording a net group profit of AED87.4 million in H1 2016, compared to AED14.6 million for the same period last year. The H1 results were supported by strong revenue growth in Q1 generated from one-off sale of land plots. The ...

  Abu Dhabi / WAM The overall number of new commercial licenses registered by the Abu Dhabi Department of Economic Development, ADDED’s Abu Dhabi Business Centre (ADBC) during the first half of 2016 has reached 4,787. The first quarter has seen 2,339 licenses while the second quarter scored 2,448 licenses, which brought the overall number of licenses in the Emirate of ...

  Dubai / Emirates Business The GCC healthcare market is rapidly expanding, with connected hospitals and healthcare providers re-imagining the industry with wearables, machine monitoring, and patient record digitisation. Both startups and established technology firms are transforming healthcare technology, showcasing the latest developments at GITEX Technology Week 2016. The GCC is investing at least USD 2 billion in new patient-management ...

  Dubai / Emirates Business A month from now, the largest banking technology and innovation summit gets underway in Dubai. Organized by Expotrade, the sixth edition of the Middle East Banking Innovation Summit will be held on September 5 and 6 at Palazzo Versace, Dubai. Focusing on the latest banking techniques and innovations impacting Middle East region’s banking sector, summit ...

  Dubai / Emirates Business Prominent Asian direct selling company, QNET, is on an ambitious growth strategy for 2016 in the MENA region. The company is working with beauty and lifestyle product manufacturers in UAE, Egypt, Morocco and Tunisia to source and develop exclusive products from within the region that will support local small and medium enterprises. Khaled Diab, Regional ...

  Dubai / Emirates Business The use of captive insurance companies to fund employee benefit insurance continues to evolve globally as organisations look for new ways to manage rising costs. Companies now increasingly go beyond using their captive vehicle purely to save money on their annual employee benefits bill. According to a study by Willis Towers Watson, the primary driver ...

  DUBAI / WAM Al Tayer Group, a UAE-based business group, donated 10 Ford E-350 DRW ambulances to Emirates Red Crescent (ERC). The cut-away units were especially converted into ambulances by Horton Emergency Vehicles in Ohio, USA. Ahmed Al Tayer, Director of the Al Tayer Group, handed over the ambulances to Mohammed Abdullah Alhaj Al Zaroni, Manager of the Dubai ...

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) in Dubai announced the launch of an ‘Intellectual Property Gateway’ for receiving complaints on trademark infringement via the DED website. The gateway automates all procedures relating to intellectual property (IP) issues, starting from receiving complaints and opening files to receiving reports from ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan sent a congratulatory cable to President of the Republic of Cote d’Ivoire, Alassane Ouattara, on the occasion of the country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin Zayed ...