Local News

  DUBAI / WAM Noor Bank on Sunday announced its financial results for the year ending December 31, 2015, with the bank reporting a net operating profit of AED561 million. The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing. Noor Bank witnessed another ...

  Dubai / WAM Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary of the Ministry of Economy for Economic Affairs, and Faihan Fayez Shalhoub, Ambassador of Colombia to the UAE, have discussed ways to strengthen areas of economic cooperation between the two countries. During the meeting, which was held at the headquarters the Ministry of Economy in Dubai, the two ...

  ABU DHABI / WAM Abu Dhabi Ship Building (ADSB) announced key business highlights for 2015 at their Annual General Meeting held in Abu Dhabi last week, registering a consolidated revenue of AED 791 million, while its net profit rose to AED 87 million. In addition, members of the General Assembly approved the distribution of the cash dividends amounting to ...

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No (4) of 2016 on the Dubai Economic Security Centre. The Centre aims to maintain Dubai’s position as a global financial and economic hub, ensure its financial stability and protect its investments ...

  Abu Dhabi / WAM The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was 3.2%, compared with the same period of 2015, according to a report released by Statistics Centre – Abu Dhabi (SCAD). The annual inflation rate for the first quarter of 2016 was 3.2%, with the ...

  Dubai / WAM Under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports; President of the Dubai Civil Aviation Authority; Chairman and CEO of Emirates Group, the Department of Economic Development (DED), Government of Dubai, launched a new initiative – the Business Community Engagement (BCE) to deepen and strengthen DED’s relationship with the business community. ...

  Dubai / WAM The Secretary General of Dubai Economic Council (DEC) Hani Al Hamli, said that the UAE, specifically Dubai, enjoys close economic relations with China, the second largest economy in the world, in various fields and it is the time to deepen these relationships and turn them into partnerships that involves strategic projects to be carried out by the ...

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Sunday reported its financial results for the first quarter ending March 31. Mashreq’s CEO, AbdulAziz Al Ghurair, said: “Given the challenging market conditions, Mashreq has approached the 2016 fiscal year with a pragmatic outlook. We responded quickly to the early signs of the market ...

  Sunaina Rana / Emirates Business Increasing role of social media sites in the domain of recruitments has been phenomenal. Considering the immense scope that the technology sector could open in the field of hiring, UAE-based organisations are putting much emphasis on refurbishing their online activities. While focussing on the role of technology in HR departments, delegates would primarily focus ...

  ABU DHABI / Emirates Business Abu Dhabi Airports launched its reading campaign, in cooperation with Abu Dhabi Tourism & Culture Authority, as part of the nationwide “Year of Reading” – by opening a library at Abu Dhabi International Airport. The library is located in the link between Terminals 1 and 3, and will provide passengers with access to a ...