Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH) on Sunday announced the appointment of Talal Al Zain as Chief Executive Officer of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM). ADCorp is incorporated and subject to final regulatory approval, will be regulated by the ...
Read More »Local News
MoF holds workshop on IMF Fiscal Monitor in Dubai
Abu Dhabi / Emirates Business The Ministry of Finance (MoF), in collaboration with the International Monetary Fund (IMF), recently held a workshop on IMF Fiscal Monitor report which is published twice a year, on its premises in Dubai. The report analyses the latest public finance developments on an international level, the impact of the recession on several countries, in ...
Read More »New retail promotion to enhance National Day celebrations in Dubai
Dubai / WAM The Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), will launch a new retail initiative, the National Day Sale, on the joyous occasion of the country’s 45th National Day. The National Day Sale, from December 1-3, will feature participating malls and retail outlets offering shoppers mega discounts ...
Read More »ADFD finances AED147mn Morocco high-speed train
ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), signed a concessionary loan agreement to the tune of AED147 million with the Office Nationale des Chemins de Fer du Maroc, (ONCFM), Morocco’s national railway operator, to finance the construction of a high-speed train to reduce the distance between the cities of Tangier and Kenitra. Complementing ADFD’s first instalment ...
Read More »Dubai SME-Dubai Holding pact wins AED17 million contracts
Dubai / WAM Members of Dubai SME, the agency of the Department of Economic Development (DED), mandated to develop the small and medium enterprise (SME) sector, won contracts worth AED17 million during the first half of 2016 under a partnership between the agency and Dubai Holding, a global investment holding company. This partnership aims to support competitive entrepreneurs in ...
Read More »Economy minister to visit Cuba, Mexico
ABU DHABI / WAM As part of the UAE’s policy to build trade and economic relations with other countries of the world, Sultan bin Saeed Al Mansouri, Minister of Economy, will embark on a six-day tour of Cuba and Mexico on Sunday. During the visit, Al Mansouri will hold talks with senior Cuban and Mexican officials on ways to ...
Read More »MoFAIC marks historic relations with sub-Saharan Africa
Dubai / WAM The UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), has, in co-operation with Expo 2020 Dubai, celebrated the cultural collaboration with sub-Saharan Africa at the launch of the book ‘Shared Vision, Shared Voices’ in the presence of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. Reem bint Ibrahim Al Hashemi, ...
Read More »RTA inks agreement with Deutsche Bahn
Dubai /Â WAM The Roads and Transport Authority (RTA) Dubai, has signed an agreement with the German Deutsche Bahn AG for the establishment of a specialised mobility & transport centre, and sharing expertise in the rail and transport sectors. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, signed the agreement on behalf of ...
Read More »Saif chairs FDSC’s meet with municipalities on progress of Smart Buildability Index
Abu Dhabi /Â WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Interior and Chairman of the Federal Demographic Structure Council (FDSC), on Saturday chaired a meeting of the Council with the directors of emirates municipalities. The meeting was held to follow up progress of work on the Smart Buildability Index, which ...
Read More »ADP hosts second maritime conference
Abu Dhabi /Â WAM A large number of executives and industry professionals from local, regional and global markets took part in the second edition of Maritime Standard Ship Finance and Trade Conference held here this week. Hosted by Abu Dhabi Ports (ADP), the event aimed to chart a future course for shipping and maritime sectors that would boost the industry ...
Read More »