Local News

  Abu Dhabi / Emirates Business His Excellency Engineer Sultan bin Saeed Al Mansoori, Minister of Economy, headed the 4th Meeting of the Higher Committee for Consumer Protection (HCCP) for 2016, which was recently held at the Meydan Hotel in Dubai. The session was attended by HE Engineer Mohammed Ahmed bin Abdulaziz Al-Shehhi, Undersecretary for Economic Affairs in the Ministry ...

  Dubai / Emirates Business In response to the declaration of 2017 as the ‘Year of Giving’ by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has allocated AED 25 million to support charitable and humanitarian work in the upcoming year. The move reinforces the ...

  Dubai / Emirates Business Tasjeel, the UAE’s one-stop-shop for all vehicle testing and registration needs, unveiled growth plans to double its network in the next four years to cater to increasing population growth. The company plans to add 12 new sites; six in Dubai and six in the Northern Emirates including Ras Al Khaimah and Ajman for the first ...

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) officially opened its section within KidZania, the award-winning children’s edutainment centre managed by Emaar Entertainment in The Dubai Mall. The new MBRSC space science and technology section enables the young visitors to join a team in designing and manufacturing their very own observation satellite, before witnessing the launch ...

  Sharjah / Emirates Business UAE fans of the big top are set for an exciting three months of action with the arrival of the Monte Carlo Circus in Al Qasba, Sharjah for the first time ever. Running from December 28, until March 18, 2017, the popular show will be featuring a host of acrobatic performances and thrilling entertainment acts ...

  ABU DHABI / WAM The Central Bank announced that the Money Supply aggregate M1 increased by 0.04%, from AED472.4 billion at the end of October 2016 to AED472.6 billion at the end of November 2016. In its statement, the bank announced that the Money Supply aggregate M2 increased by 0.8%, from AED1203.3 billion at the end of October 2016 ...

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), ranked second in UAE foreign aid contributions, according to the report titled ‘UAE’s Foreign Aid in 2015’ by the Ministry of Foreign Affairs and International Cooperation (MoFAIC). ADFD’s expenditure amounts to AED2.70 billion (US$736.73 million), whereas government aid, ranked first with 86.1% market share of total aid spent; AED27.84 ...

  Dubai / WAM The Emirates Development Bank (EDB) approved an estimated budget of AED1.5 billion for 2017 to finance housing loans for Emirati citizens and to help establish small and medium enterprises (SMEs). The decision was taken during the EDB’s 10th board meeting in Abu Dhabi on Sunday. The budget allocates AED750 million for housing loans for Emirati citizens ...

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, said that the announcement of President HH Sheikh Khalifa bin Zayed Al Nahyan, naming 2017 as the official ‘Year of Giving’ presents joyful tidings for the UAE and its people. Al Mansouri said, “It ushers in a new year that is set to establish new milestones in ...

  DUBAI / WAM Mohammed bin Rashid Establishment for Small and Medium Enterprises and the Al Habtoor Group have signed a Memorandum of Understanding. The MoU constitutes an understanding of collaboration between Al Habtoor Group and Mohammed bin Rashid Establishment for SME Development where the Al Habtoor Group will give priority business to members of Dubai SME proving they can ...