Local News

  Dubai / WAM Dubai Financial Market (DFM) announced on Monday that the rights issue of “Al Ramz Corporation Investment and Development” is due to be tradable on the exchange between October 25, and November 7. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans ...

  Dubai / Emirates Business Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its giant leaps in the digitisation of banking over the past ...

  Dubai / Emirates Business The eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference, which takes place in Dubai from October 31 to November 2, at the Dubai World Trade Centre, is organising a conference dedicated to the dynamic and rapidly growing tanker sector. Part of the Dubai Maritime Week, Seatrade Tanker Middle East, takes ...

  ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) on Sunday reported its financial results for the nine month period ended September 30, 2016. Ala’a Eraiqat, Member of the Board and Group CEO, commented on the results, saying, “The bank delivered strong financial results for the nine month period of 2016, reporting a net profit AED 3.153 billion and ...

  RIYADH / WAM A UAE delegation, headed by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, attended the 35th meeting of the GCC Petroleum Cooperation Committee, which opened in Riyadh on Sunday. The meeting was chaired by Saudi Minister of Energy, Industry and Mineral Resources Khalid bin Abdulaziz Al-Faleh and attended by GCC Secretary General Dr Abdullatif ...

  ABU DHABI / WAM SIAL Middle East 2016, the region’s fastest-growing professional trade exhibition for the food, beverage and hospitality industries, returns to Abu Dhabi National Exhibition Centre, (ADNEC) from December 5-7, under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs and Chairman of the Abu Dhabi ...

  Dubai / EMIRATES BUSINESS Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea, called upon Emirati investors to benefit from the various attractive investment opportunities offered by his country to overseas investors. Lauding Dubai’s economic growth, Mbasogo expressed his desire to enhance bilateral ties with the emirate’s businesses while assuring them of all cooperation and facilities in entering ...

  SHARJAH / WAM Air Arabia has announced the expansion of its international route network with a new service to Baku, the capital of Azerbaijan, following a joint cooperation between Air Arabia, Azerbaijan Airlines and local authorities. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “Baku offers an exciting proposition as a gateway to witness the confluence ...

  ABU DHABI / WAM A delegation of Emirati entrepreneurs are to begin a visit to the US on Monday to learn about American business practices. The visit is being conducted as part of the International Visitor Leadership Programme, IVLP, supervised by the Bureau of Educational and Cultural Affairs at the US Department of State, and has been organised by ...

  Abu Dhabi / Emirates Business The UAE has participated in the opening of the Global Investors Summit, which kicked off recently in Indore City, the capital of Madhya Pradesh in central India. HE Abdullah Bin Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry, Ministry of Economy, led the UAE delegation with the presence of Dr. Ahmed Abdul Rahman ...