Local News

  Dubai / WAM The Emirates Airline requested the authorities to take strong measures and impose penalties to discourage future occurrences of unauthorised drone activity, and also consider implementing drone detectors at the Dubai airport. The appeal was made by Adel Al Redha, Emirates’ Executive Vice President and Chief Operations Officer, who said, “Flight diversions and extensive holding are costly. Financial ...

Dubai / WAM Emirates Integrated Telecommunications Company, du, on Tuesday published its financial results for the third quarter of 2016, showing a 2.9% rise in revenue to AED3.14 billion. Net profit before royalty rose 2.4% to AED 995.1 million. Commenting on the results, Osman Sultan, du’s Chief Executive Officer, said, “Our consistent focus on improving the entire customer experience, while providing ...

  Dubai / WAM Dubai-based Emirates Islamic Bank donated AED300,000 to the Sharjah City for Humanitarian Services to support services for people with disability across the UAE. The donation was announced by the bank officials during a tour to the City to learn about its activities and services. General Manager of Operational Quality and Processes at the Emirates Islamic Bank Awatif ...

  Dubai / Emirates Business Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), recently concluded a successful mission to three cities in Italy, interacting with businesses across varied sectors looking at Dubai as a gateway to high-growth markets. Overall, the Dubai FDI delegation met with representatives of 21 companies across the cities of ...

  Dubai / Emirates Business Under patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the Dubai Maritime Summit will be launched on Wednesday, to discuss the present and future of world maritime navigation, with a special focus on best practices in maritime innovation, arbitration and human capital ...

  ABU DHABI / WAM Mubadala Petroleum reached an agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (Jasmine FPSO), which paves the way for the continued extension of the field life of this successful development. The parties signed a new ‘life of field’ agreement for the provision of ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued, in his capacity as Ruler of Abu Dhabi, a law on regulation of deep water resources in the emirate of Abu Dhabi. According to the law, the deep water resources in the emirate of Abu Dhabi, shall be owned by the emirate. It stipulates that ...

  Dubai / EMIRATES BUSINESS The Department of Economic Development (DED) in Dubai saw a 10% increase in permits issued for various business activities during the third quarter of 2016, compared to the same period in 2015. Altogether, 39,000 permits were issued in Q3 2016 as discount sales and special offers grew 213%, reaching 1,647 from the 526 permits issued ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology’s Sustainable Bioenergy Research Consortium (SBRC), a non-profit consortium supported by founding members Etihad Airways and Boeing, along with Takreer, SAFRAN and General Electric, on Monday announced it is to organise the first International Seawater Energy and Agriculture Forum 2016 in Abu Dhabi. To be held on November 1-2 ...

  ABU DHABI / WAM National Bank of Abu Dhabi (NBAD) won two industry awards, taking its tally to more than 100 recent industry accolades for its capital markets business, more than any other bank in the Middle East. The Banker magazine has named NBAD, “Most Innovative Investment Bank in the Middle East 2016”. This is the first occasion this ...