Local News

  ABU DHABI / WAM The UAE Ministry of Economy’s delegation has prepared to head to the 14th United Nations Conference on Trade and Development (UNCTAD XIV), to be held from July 17th to 22nd in Nairobi, Kenya. The delegation comprises Juma Mohammed Al Kait, Assistant Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, representatives of competent federal ...

  Dubai / Emirates Business Emaar Properties PJSC will mark the launch of an exclusive collection of elegantly designed homes in Dubai Hills Estate today. A green city within the city, the 11 million sq m Dubai Hills Estate is set to welcome its first residents later this year, ensuring that customers into the new mid-rise tower become part of ...

  ABU DHABI / Emirates Business Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and Management Company, continues to make strong progress across its portfolio of residential projects. Residential construction activities continue to progress at West Yas, Aldar’s first villa community on the iconic Yas Island, with piling, sewerage, utility, telecommunication and lighting work almost complete. The ...

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Shanghai Free Trade Zone Authority (SHFTZA) on Wednesday signed a Memorandum of Understanding (MoU) in Shanghai to foster collaboration and facilitate business developments in their respective markets. Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority of ADGM, and Guo Yusong, Department Director, Fiscal and Financial Services of SHFTZA, ...

  ABU DHABI / WAM The Abu Dhabi Monitoring and Control Centre (ADMCC) announced the launch of the ‘Falcon Eye’ system throughout the city of Abu Dhabi, including Abu Dhabi International Airport, the main islands, and Bani Yas and Musaffah areas. The system is a complete central system that receives a live feed from visual surveillance equipment installed across the ...

  Dubai / Emirates Business Leading financial institution, Mashreqbank psc (Mashreq) announced successful coordination of a BHD 107 million (AED 1,050 million) contracting facility for financing the bonding and working capital requirements of the Arabtec Construction LLC (Arabtec) and TAV Tepe Akfen Yatirim Insaat ve Isletme A.S. (TAV) joint venture (JV) in support of the JV’s main works contract for ...

  Dubai / Emirates Business GITEX Technology Week 2016 will welcome an exceptional line up of finance and technology experts, including James Barrese, formally CTO of PayPal, and Andres Wolberg-Stok, Global Head of Emerging Platforms and Services from Citi to shed light on the state of FinTech (technology-enabled banking and finance). FinTech solutions are transitioning from startup offices to the ...

  Farnborough / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing company wholly owned by Mubadala Development Company, announced that it has been awarded two contracts to manufacture additional composite components and completed major assemblies for Airbus. The combined deals, valued at more than US$1 billion, will see Strata become a source for Airbus A320 Horizontal Tail Plane (HTP) and A350-900 ...

  Abu Dhabi / WAM Saqr Ghobash, Minister of Human Resources and Emiratisation, issued a Decree empowering students to complete training periods and fill positions in the private sector after obtaining their work permits. Conditions of the Decree stipulate the need for written consent by the guardianship of student aged between 12 and 18 years for training purposes, similarly to those ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MOFAIC) co-hosted in Abu Dhabi the Tidewater Development Cooperation Meeting, with the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD). The Tidewater Meeting convenes ministers and heads of major bilateral and multilateral aid agencies and development banks each year for a strategic conference ...