Local News

  ABU DHABI / WAM The Abu Dhabi Investment Authority (ADIA) on Thursday announced the opening of an office in Hong Kong, marking its first on-the-ground presence in the territory. It also announced the appointment of Dong-Sinh Ngo as Chief Representative, Asia Pacific, based in Hong Kong. ADIA Hong Kong will act as a platform for ADIA to broaden and ...

  ABU DHABI / WAM The eighth edition of the International Real Estate and Investment Show (IREIS 2016) kicked off on Thursday, at the Abu Dhabi National Exhibition Centre (ADNEC). Drawing the participation of more than 125 exhibitors from 25 countries, as well as over 11,000 regular, private and institutional investors, end-users, developers, and real estate brokers, the three-day event ...

  Dubai / Emirates Business As travellers around the globe look to escape the winter cold for sun-filled holidays, Dubai Cruise Tourism has this month announced the official start of the 2016/2017 season. Following a successful 2015/2016 run, which saw passenger numbers grow by 19 per cent and ship calls increase by 24 per cent compared to the previous year, ...

  Dubai / WAM After the successful implementation of his Africa Initiative, the UAE Kimberley Process, KP, Chair, Ahmed bin Sulayem, visited the Russian Federation, the biggest exporter of rough diamonds in the world. As one of the founders of the KP in 2002, Russia is an active participant of the global initiative. It serves as the Chair of the Committee ...

  Dubai / WAM Emirates Post Group (EPG) is devoting greater attention to its core mail services in post offices, as well as innovative non-postal services, in light of the global trends of falling revenues from traditional postal streams. Over the past few years, EPG has introduced of a number of non-postal services at post offices, including payment of utility bills, Etisalat ...

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR) on Thursday launched the first ever Federal Reading Club, which is exclusive to federal government employees and aims to foster a culture of reading within the government sector. The Federal Reading Club will offer federal government employees the opportunity to become members and to enjoy an array of activities ...

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has been named “Financial Centre of the Year (MENA)” by the prominent Global Investor/ISF publication. The award, presided over by a prestigious independent panel of industry judges, was presented at the 2016 MENA Capital Markets Summit and Awards held in Dubai on October 26. ...

  Dubai / WAM The IT Department at Dubai Municipality launched an updated version of the smart phone app, Aleef, which handles the records of all data about pets, pet owners, pet adoptions, registration, treatment and care. Heba Al Shehhi, Head of Applications Development Section in the IT Department, said that the overwhelming response from the public to use the app ...

  Dubai / Emirates Business Trade ties between the UAE and China received a significant boost today with the signing of a landmark cooperation agreement between two of the countries’ key commercial courts. The Shanghai High People’s Court, the foremost business court in the commercial and financial centre of mainland China, and the DIFC Courts have agreed to work together ...

  Abu Dhabi / Emirates Business National Central Cooling Company PJSC (‘Tabreed’), the leading UAE-based district cooling utility infrastructure company, on Thursday released its 2016 third quarter consolidated financial results. Tabreed continues its strong performance, connecting more than 30,000 Refrigeration Tons (RT) to customers in key markets across the GCC, including the Dubai Parks and Resorts, which enabled it to ...