Local News

SUNAINA RANA / Bloomberg Considering the rapid expansion of e-commerce in the Emirates and mounting need of constant vigilance, Department of Economic Development (DED) has signed a deal with Souq.com to protect the customer rights. According to the pact, which was signed between Mohammad Lootah, CEO of Commercial Compliance and Consumer Protection (CCCP) sector in DED, and Ronaldo Mouchawar, CEO ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has selected National Bank of Abu Dhabi (NBAD), the largest UAE lender by assets, as its Middle East Strategic partner for transactional banking services. Under the agreement, NBAD will provide Etihad Airways with a full range of transactional banking services across multiple countries in the ...

Abu Dhabi / EMIRATES BUSINESS DC Aviation Al-Futtaim (DCAF) has received CAR145 approval from UAE’s General Civil Aviation Authority for providing maintenance services for the Bombardier Global Express and Challenger 604/605 type aircraft. “This is a major milestone for DCAF as it means we are now in a position to provide comprehensive maintenance services to our fleet of managed aircraft,” ...

Dubai / Emirates Business As many as ss30 Emirati women from across the public and private sectors took part in Dubai Women Establishment’s (DWE) flagship equine leadership initiative, “Leaders Spirit” – Leadership Skills from an Equestrian Perspective Advanced Programme” which concluded on Monday. The programme, which was held at the Desert Palm Hotel & Resort in Dubai, is designed to ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) presented its outlook on the regional and global investment climate to its top private banking clients at a number of events in Abu Dhabi, Dubai and Al Ain. Senior ADIB executives from ADIB’s Private Banking arm explained to clients how to manage wealth effectively in times of economic and political volatility. ...

Abu Dhabi / WAM Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, received here on Sunday Minister of Foreign Affairs of New Zealand, Murray McCully. The meeting discussed bilateral relations and ways to enhance them, the outcome of the recent visit of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation to ...

Abu Dhabi / WAM The Zakat Fund announced that it has spent AED 44.46 million in medical assistance under its ‘‘Reward and Recovery Initiative.’’ Abdullah bin Aqueeda Al Muhairi, Secretary-General of the Fund, said the health aid was given through the Zakat channel distribution category meant for the poor and the needy. “The Fund is ready to support poor patients ...

Dubai / WAM As part of their efforts to promote commercial arbitration in settling trade disputes, and to exchange experiences and knowledge in the area of alternative dispute resolution, the Dubai International Arbitration Centre (DIAC), an initiative of Dubai Chamber of Commerce and Industry, in cooperation with the UAE Consulate in Shanghai, organised an introductory session to highlight the benefits ...

Dubai / Emirates Business Dr. Mohammed Al Zarooni, Director General of Dubai Airport Freezone (DAFZA), met Dato’ Sri Mustapa Mohamed, Malaysia’s Minister of Trade and Industry at the Ministry’s headquarters to discuss ways to develop and strengthen economic and trade ties between Malaysia and the Freezone. They also talked about DAFZA’s exceptional investment advantages for foreign companies, including Malaysian entrepreneurs ...

ABU DHABI / WAM The current slump in the world oil prices poses a real challenge to oil exporting countries but did not have any impact on the UAE’s economy, thanks to the economic diversification policy adopted by the country, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, affirmed on Sunday. “Low oil prices should create investment opportunities ...