Local News

  Abu Dhabi / NEW DELHI / WAM The UAE reviewed the steps it has taken so far to further promote entrepreneurship environment and highlight opportunities of building economic and business partnerships that support small and medium entrepreneurs (SME) to penetrate into new markets at regional and international levels. This came during the panel discussion themed ‘Global Partnership Opportunities for ...

  DUBAI / Reuters Etihad Airways has set its planned five-year sukuk at $1.5 billion, the upper end of an expected range of $1.25 billion to $1.5 billion, banks leading the transaction said on Wednesday. The UAE airline set the final spread for its debut Islamic debt issuance at 210 basis points over midswaps, after one bank involved said on ...

ABU DHABI / WAM UAE-based satellite operator Yahsat said on Wednesday the company had entered into a strategic partnership with Talia, a market-leading teleport, satellite and terrestrial network operator. Under the agreement, Talia is committed to capacity on Yahsat’s upcoming Ka-band Al Yah 3 satellite, located at 20 degree W, to be launched in 2017, alongside existing services on the ...

  ABU DHABI / WAM In line with his commitment to innovation as a key pillar of future government work, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance of the UAE, inaugurated on Wednesday the Innovation Lab at the Ministry of Finance (MoF) Headquarters in Dubai. He attended the first brainstorming session ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Wednesday morning received the credentials of new ambassadors of several friendly countries to the UAE, at Al Mushrif Palace. Also present were HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of ...

  Abu Dhabi / Emirates Business With more than 60,000 race fans converging on the capital city for the Formula 1 Etihad Airways Abu Dhabi Grand Prix and related festivities between November, 25 and 27, Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is forecasting highly impressive occupancy rates of 92 percent in the emirate’s leading hotels over the ...

  Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), signed a Memorandum of Understanding, (MoU) to the tune of AED12 million with Hadidi Amer, Naama Province Section Chief at the Ministry of Health, Population and Hospital Reform in Algeria. The MoU was signed in the presence of HH Sheikh Mansour bin Zayed ...

  Abu Dhabi / WAM The Central Bank of the UAE said it had signed a memorandum of understanding (MoU) with the Bank of Algeria for supporting and developing the financial and banking sector in the UAE and People’s Democratic Republic of Algeria. The deal underscores the importance of the sector as a major pillar for supporting expansion of trade exchange ...

  Abu Dhabi / WAM HE Abdullah bin Ahmed Al Saleh, Undersecretary of the UAE Ministry of Economy (MOE) for Foreign Trade and Industry, emphasized during a recent meeting with delegates from the State of Missouri in the United States the depth of the economic relations between the UAE and the US, and noted the various opportunities for the development of ...

  Abu Dhabi / Emirates Business The Abu Dhabi Chamber of Commerce and Industry has announced that it will be organizing the 4th International Franchise Conference and Exhibition 2016. International companies, professionals, and speakers will attend this event at Abu Dhabi National Exhibition Center (ADNEC) on December 14 and 15. On the occasion, H.E. Mohamed Helal Al Muhairi, Director General, ...