Local News

  DUBAI / WAM Noor Bank successfully closed an AED850 million Syndicated Islamic Financing Facility for Ajman Bank. The two-year Sharia compliant facility will be utilised towards Ajman Bank’s future growth plans. Noor Bank, a leading Sharia compliant bank in the UAE, was mandated for the second time to act as the Initial Mandated Lead Arranger and Book-runner for this ...

  ABU DHABI / WAM The Board of Directors of the Central Bank of the UAE has reviewed the latest developments in the Transformation Programme aimed to achieve the bank’s objectives and develop the financial sector in the UAE, during its 10th meeting in 2016, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. During the meeting, ...

  Sharjah / Emirates Business Hotels and hotel apartments across the Emirate of Sharjah welcomed a combined 1,318,748 guests in the first nine months of 2016 (January to September). The Sharjah Commerce and Tourism Development Authority (SCTDA) released the statistics as it took part in the World Travel Market (WTM) in London on November 7-9. The Authority headed a delegation ...

  Dubai / Emirates Business A high-profile delegation from the Dubai Airport Freezone Authority (DAFZA) discussed promising investment opportunities abounding in Dubai with the Japanese business community during a series of seminars held recently in Japan. Japanese decision-makers, investors and entrepreneurs in attendance applauded the pivotal role played by DAFZA as a leading platform and ideal gateway for Japanese companies ...

  DUBAI / WAM The results of this year’s Arab Knowledge Index will be announced at the Knowledge Summit 2016, to be held between December, 5-7 at the Grand Hyatt Dubai hotel. The summit’s theme for 2016 is “Knowledge Present and Future”. The event is being organised by Mohammed bin Rashid Al Maktoum Foundation, MBRF, a member of the Mohammed bin ...

  Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced an AED 500,000 contribution from its Zakat Fund to Dar El Ber Society, as part of its commitment to support the Society’s special committee that supports underprivileged families and individuals. Awatif Al Harmoodi, General Manager, Operational Quality and Processes at Emirates Islamic, presented the ...

  Dubai / Emirates Business As part of the Innovation Week of UAE, the Ministry of Finance (MoF) announced the launch dates for the ‘Innovation Festival’ which will take place on November 21-22. This initiative is aligned with the directives of HH Sheikh Khalifa Bin Zayed Al Nahyan, the President of UAE and encapsulates the national innovation strategy launched by ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, delivered a message on the occasion of the International Day of Tolerance in which he highlighted the values cherished by the UAE community. Following is the full text of the message: To my brothers and sisters, may peace be upon ...

  Abu Dhabi / WAM The UAE has become a global capital for tolerance, affection and co-existence due to its persistent efforts to promote values of tolerance, peaceful co-existence, collaboration, solidarity and respect for cultural diversity, acceptance of others and abhorrence of violence, hatred, discrimination and bigotry, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region. ...

  Abu Dhabi / Emirates Business Etihad Airways gathered senior government officials, business leaders and university students as part of a series of events to mark the International Day for Tolerance. The main event at Zayed University in Abu Dhabi was inaugurated by HE Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance and President of Zayed University. ...