Local News

Dubai / WAM The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), announced that clearing members will now be able to deposit cash collateral to the corporation in the form of Euro, UK Pound (GBP) and Japanese Yen (JPY) in addition to UAE Dirhams (AED) and US dollars. This new FX ...

Abu Dhabi / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of Dubai World Trade Centre Authority, on Monday announced the 2015 annual performance results of Dubai World Trade Centre (DWTC) highlighting an impressive 12% year-on-year increase in traffic to deliver 2.74 million delegates and attendees, coupled ...

Abu Dhabi / WAM Mohammed Mir Abdullah Al Raisi, Under-Secretary of the Ministry of Foreign Affairs and International Cooperation (MOFAAIC), said that ministry has developed its strategy based on the UAE’s vision, which is seeking to be one of the best countries in the world by 2021. The Ministry seeks through its strategic goal to ensure the care for citizens ...

Abu Dhabi / WAM The Board of Directors of the Emirates Telecommunications Group Company, ‘Etisalat Group’, appointed Saleh Abdullah Al Abdooli as Chief Executive Officer of Etisalat Group. With the restructuring, Al Abdooli will now manage the company’s international operations as well as the local UAE operations. Al Abdooli has over 25 years of experience in the telecommunication sector and ...

SHARJAH / Emirates Business An exciting double delight awaits lovers of gold and diamond jewellery this season. Apart from unprecedented celebrations to mark the 40th edition of MidEast Watch & Jewellery Show, Expo Centre Sharjah, which will host the show from April 5-9, is bringing together an exclusive range of jewellery carefully chosen from across the world for the special ...

RITIKA SHARMA / EMIRATES BUSINESS Fatima (imaginary name), mother of a 3 year old, is searching for a pre-school for her son. Though, being in Dubai, she has a lot of options, she is still not sure if she should go for the one that is famous for its art classes or the one that prepares children for British curriculum. ...

EMIRATES BUSINESS Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, has released its audited financial results for full year ended December 31, 2015, which follows the release of the company’s detailed trading statement on 1 February 2016. The full financial statements can be viewed on the company’s website: majidalfuttaim.com Alain ...

EMIRATES BUSINESS Healthpoint Hospital, a state-of-the-art multi-specialty hospital with the region’s most comprehensive sports medicine and physiotherapy offerings, hosted its first-ever Sports Medicine conference in Abu Dhabi. The conference was held in collaboration with Manchester City Football Club at Yas Viceroy Abu Dhabi, bringing together some of the world’s foremost authorities in sports medicine from the UK, Portugal, Turkey and ...

Ritika Sharma / EMIRATES BUSINESS As the government shows its commitment towards a happy UAE, companies in the Emirates are apparently doing their bit by devising strategies and making huge investments for employees. In one such example, a UAE-based business support services company, Transguard Group and healthcare provider Al Tadawi Medical Centre recently invested AED 1 million to open a ...

WAM Abu Dhabi Airports is marking a decade of innovation in aviation this year as the company celebrates its tenth anniversary. Created in 2006 through an Amiri Decree from the Executive Council of Abu Dhabi, Abu Dhabi Airports Company was formed to spearhead the development of the Emirate’s aviation infrastructure, and assumed responsibility for the operation and management of Abu ...