Local News

  Abu Dhabi / Emirates Business A never-before-seen entertainment extravaganza is set to capture the hearts and minds of audiences in this year’s edition of the Abu Dhabi Summer Season, as first-time comedy greats and a thrilling illusion show descend upon the capital city from all corners of the world. Running between July 7 and September 11, venues across Abu ...

  Sanobar Sabah / Special to Emirates Business Shrinking employment opportunities across various sectors in the UAE are triggering greater interest in entrepreneurship, say experts and local entrepreneurs. This appears to be the case among nationals as well as expatriates. “People are inspired by the success of startups with disruptive business models, and by internet-powered businesses which have managed to ...

  RITIKA SHARMA / Emirates Business UAE has always been in the forefront to welcome new investments. Companies in the country are now charting out innovative plans that encourage more individual investors to consider buying properties in the Emirates’ bustling hospitality sector. Leading the way, Dubai-based real estate developer DAMAC Properties is providing one-of-its-kind opportunities for individual investors to tap ...

  Abu Dhabi / Emirates Business The second phase of the Mira Oasis community will consist of 1393 units and is divided into 3 plots that will comprise of fully fitted contemporary townhouses stylishly designed with a choice of courtyard living. With spacious 3-4 bedroom units that come in different types of housing clusters, the community will effortlessly integrate family ...

  ABU DHABI / WAM The UAE Space Agency signed a Memorandum of Understanding (MoU) with Global technology leader, Lockheed Martin, to launch a comprehensive dual-track space training programme for students and early career professionals in space fundamentals. Designed to prepare tomorrow’s Emirati leaders for future careers in space, the programme will feature a comprehensive four-month space training programme that ...

  Sharjah/ Emirates Business Sharjah Islamic Bank (SIB), voted “Best Islamic Bank in the UAE” at the World Finance Awards 2016, on Sunday announced that more honours have been bestowed as it has received the “First Successful Data Submission Award” from Al Etihad Credit Bureau (AECB). AECB provides world-class services on creditors to help financial institutions and credit providers make ...

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has listed mandatory convertible bonds worth AED390 million, that were issued by Abu Dhabi National Insurance Company (ADNIC), as shares of the company. ADNIC had issued the bonds at a fixed interest rate of 7.5 percent per annum. ADX said the issuance of the dirham-denominated convertible bonds was part of ...

  AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) organised the 4th edition of its annual Ramadan Diplomatic Forum aimed at enhancing economic cooperation and trade exchange. A number of ambassadors, consuls-general and representatives of business offices from different Arab and other countries attended the forum held at the Asateer Tent, Atlantis The Palm, in Dubai. Mohammed ...

  Dubai / WAM The Emirates Nuclear Energy Corporation (ENEC) and its operating subsidiary, Nawah Energy Company (Nawah), commemorated the move to new headquarters in Masdar City with an inaugural ceremony attended by the top management and employees from across both companies. The move to Masdar City has a clear synergy for ENEC’s mission and vision to deliver safe, clean and ...

  Abu Dhabi / WAM Abu Dhabi General Services Company, Musanada, said that it has completed all the works related to the headquarters of the National Rehabilitation Centre (NRC) at Shakhbout City, as part of its efforts to realise the vision of His Highness President Sheikh Khalifa bin Zayed Al Nahyan, and to implement the directions of His Highness Sheikh Mohamed ...