Local News

  Dubai / WAM RAKBANK announces the arrangement of a three-year US$10mn medium term loan facility to DFCC Bank PLC, a leading financial institution in Sri Lanka. DFCC Bank secured the loan for general expansion of its Offshore Banking Unit (FCBU). The loan facility was recently signed at DIFC. Attending the ceremony were Lakshman Silva, DFCC Bank Deputy Chief Executive Officer, ...

  Dubai / WAM The Ministry of Community Development launched a contest to design the best innovative educational tools and applications for people with disabilities as part of the ministry’s programme for UAE Innovation Week 2016. The contest was announced at a ceremony at the Ministry’s Dubai office which was attended by Sana Mohammed Suhail, Under-Secretary of the Ministry, along with ...

  Dubai / WAM Dubai will launch the US$27 billion Green Energy Fund to support local, national and international projects, according to the Third Dubai Declaration issued at the conclusion of the World Green Economy Summit (WGES) on Thursday. The third edition of the WGES, organised under the theme of “Driving Global Green Economy”, gathered more than 80 prominent speakers from ...

  Dubai / Emirates Business The design community in Dubai is ready to stage the largest celebration of design and creativity in the Middle East, collectively underlining Dubai’s rich and multi-faceted design landscape. When Dubai Design Week kicks off on October 24, design professionals, residents and visitors will be able to engage in more than 150 events over six days ...

  Emirates Business Etihad Airways Partners (EAP), a unique partnership of eight airlines, has announced further steps aimed at aligning the benefits for tiered members of the separate frequent flyer programmes operated by each airline. The latest enhancements incorporate customer feedback on benefits they value and are part of an ongoing strategy to enhance the customer proposition and create the ...

  Dubai / Emirates Business Almost two thirds (65%) of business managers in the UAE said their company’s corporate wellness progamme had improved the health of their employees, according to a survey carried out by Middle East business intelligence provider MEED. Almost half of respondents (48%) said that corporate wellness programmes had improved employee engagement, 35% said the schemes had ...

  Dubai / Emirates Business Methods of payment are changing for customers in the UAE, with many now switching from cash to digital. In the first half of 2016, the number of du customers paying bills online through the telco’s faster Quick Pay service shot up nearly 50%, compared to the same period last year. Quick Pay is the latest ...

  ABU DHABI / WAM The UAE established the foundations and favourable circumstances for excellence in education and in other sectors in a short time providing a driver for continuous development, thanks to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

  DUBAI / WAM Dubai South has assigned Etihad ESCO to provide advisory and implementation services for its energy efficiency and environmental sustainability initiatives, as well as implement the adoption of Dubai Green Building Regulations across the city. The parties signed a Memorandum of Understanding, MoU, to this effect at WETEX 2016, currently taking place at the World Trade Centre, ...

  DUBAI / WAM In its ongoing commitment to champion the UAE’s clean energy agenda, the Dubai World Trade Centre, (DWTC), has conducted an extensive feasibility study to use solar energy across its real estate assets, in both the Trade Centre and Jebel Ali locations. Within the DWTC complex, the Dubai International Convention and Exhibition Centre, DICEC, is planning to ...