Local News

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President, Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the Government of Dubai’s Budget Law No. (17) for the year 2016 for the emirate’s 2017 general budget, with AED47.3 billion expenditure, according to the new budget classification. Issued earlier this year, the Financial Regulations for the ...

  Dubai / WAM Emirates NBD, a leading bank in the region, on Wednesday announced that it has been named The Banker’s ‘Bank of the Year – UAE 2016’. The awards, considered among the most prestigious by the global banking community, recognise Emirates NBD’s strong financials and pioneering approach to the digitalisation of banking. In awarding the top UAE title to ...

  Dubai / WAM Dubai Customs has recently launched the ‘Drug Smart Encyclopaedia’, the latest innovation by the Customs Training Centre at Dubai Customs, in cooperation with the Ministry of Interior, represented by the Federal Police School in Sharjah. The encyclopaedia is the first of its kind worldwide and includes all types of drugs illustrated by information, images and videos, with ...

  Abu Dhabi / WAM In a move that extends its reach across East Africa, Etihad Airways, the national airline of the United Arab Emirates, on Wednesday announced that it has entered into a codeshare agreement with Precision Air, Tanzania’s leading domestic airline. Under the new codeshare agreement, Etihad Airways will place its EY code on Precision Air flights between Dar ...

  Abu Dhabi / WAM In line with its commitment to cooperate with relevant entities in undertaking its regulatory role, the UAE’s Federal Authority for Nuclear Regulation (FANR) signed a Memorandum of Understanding (MoU) with the Insurance Authority. The MoU promotes the exchange of information between the two entities and cooperation in the assessment and evaluation of insurance policies and sources ...

  DUBAI / WAM The total trade between Dubai and Spain reached AED3.4 billion during the first half of this year, Dubai Customs revealed. ‘‘Imports, exports and re-exports stood at AED2.77 bn, AED389 million exports, and AED271 mn respectively,’’ said Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence at Dubai Customs, as he briefed a visiting Spanish delegation ...

  DUBAI / WAM The Federal National Council (FNC) on Tuesday endorsed the UAE federal budget for 2017, set in late October by the Cabinet at AED48.7 billion, with a prime focus on education, social development and health. The approval came at a third session of the FNC’s 16th legislative chapter, presided over by Dr. Amal Abdullah Al Qubaisi, Speaker ...

  DUBAI / Emirates Business Dubai’s Department of Finance (DOF) launched the fourth stage of the Smart Fiscal Planning programme (SFP) in a ceremony that witnessed a wide representation of 35 government entities. Launching the new phase followed the DOF’s remarkable progress in implementing the previous phases. Meanwhile, efforts are still being made in order to complete the comprehensive system ...

  DUBAI / Emirates Business Azizi Developments – a leading UAE-based real estate developer with global reach into international markets – announced an unprecedented launch of 50 new developments, which will comprise of residential, commercial and retail space in 2017. The announcement of such a high number of projects, ahead of the festive season and the New Year, demonstrates the ...

  Abu Dhabi / WAM The Board of Directors of the Central Bank of the UAE has approved a number of applications of banks and other financial institutions working in the UAE to expand their activities and open new branches. The decision was taken during the board’s 11th meeting at the Central Bank office in Abu Dhabi, under the chairmanship of ...