Local News

  DUBAI / WAM Dubai’s master developer Nakheel on Tuesday announced that it has awarded an AED1.5 billion construction contract for its Al Khail Avenue mall, and said it plans to add a 252-room hotel to the retail hub. The contract to build the billion retail, dining and entertainment complex in Dubai’s Jumeirah Village district was awarded to the UAE-based ...

  DUBAI / WAM Officials from the Department of Economic Development (DED) in Dubai have held a meeting with seven major vehicle dealers in Dubai to discuss the establishment of Consumer Protection counters in car showrooms. The dealers were briefed on guidelines regarding the counters and the need for establishing them by the beginning of 2017. The Consumer Protection counter ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC) announced on Tuesday its financial results for the first six months ended on June 30. The Company reported a net profit of AED 107.4 million for this period, a significant growth over the same period of last year. The company’s net technical profit contributed AED 59.9 million towards ...

  Abu Dhabi / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Financial Services Board (FSB) of the Republic of South Africa, have signed a Memorandum of Understanding to enable greater collaboration on regulatory matters and facilitate the exchange of information to promote the robustness and maintain the integrity of the financial industries in both ...

  Abu Dhabi / WAM The National Media Council is running a “Second-Tier Leadership Development Programme” for about twenty employees working in supervisory roles. In his opening speech at the intensive training course in Abu Dhabi, Mansour Al Mansouri, Acting Director-General of the National Media Council, highlighted the importance of investing in the human factor, which, he said, is the pillar ...

  Dubai / Emirates Business Yahsat, the UAE-based satellite operator, on Tuesday announced that it has signed an agreement with a new service partner, Pak Datacom Limited, to provide its satellite broadband service, YahClick, to more users across Pakistan. Since its launch in Pakistan, in 2015, YahClick has been connecting individuals and businesses across both urban and rural areas. The ...

  Abu Dhabi / WAM Abu Dhabi Gas Industries Limited (GASCO), an ADNOC operating company, has taken delivery of its first Floating Storage and Regasification Unit (FSRU) from Excelerate Energy, a leader in floating LNG regasification solutions. The FSRU will enhance GASCO’s capabilities to supply gas throughout its UAE network, adding 500 million standard cubic feet of gas per day to ...

  Dubai / Emirates Business The Ministry of Climate Change and Environment will host a Youth Circle on August 11 under the title ‘Climate Change and Sustainability is Our Shared Responsibility’. The event is part of the Youth Circles initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...

  Dubai / WAM Emirates Airline, voted the World’s Best Airline 2016 at the Skytrax World Airline Awards, announced on Tuesday that it will operate its flagship A380 on services between Dubai and Guangzhou from 1st October 2016, the 67th National Day of People’s Republic of China. This follows the airline’s recent announcements of A380 deployment on its Milan and Johannesburg ...

  Dubai / WAM Dubai private sector companies signalled a positive start to the third quarter of 2016, with overall business conditions improving at the fastest pace since March 2015. This was highlighted by a rise in the headline seasonally adjusted Emirates NBD Dubai Economy Tracker Index from 54.6 in June to 55.9 in July. The index – a composite indicator ...