Local News

Manama / WAM Bahrain’s Deputy Prime Minister, His Highness Sheikh Ali bin Khalifa Al Khalifa, has hailed the vision and the efforts of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah in supporting intellectuals and preserving the cultural heritage of the GCC countries. This came during HH Sheikh Ali Al Khalifa’s visit to ...

ABU / WAM Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, on Thursday announced its full year audited financial and operational results for 2015, showing that the revenues increased to AED 34.1 billion as profit remains stable at AED 1.2 billion. Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said: “Mubadala managed through the significant macroeconomic ...

DUBAI / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved Executive Council Resolution No (9) of 2016 on the amendment of the fee schedule related to licensing of professionals working in the field of ambulance services. The resolution replaces the fee schedule annexed to the Executive ...

DUBAI / WAM Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of Zayed Housing Programme (ZHP), has signed two contracts for building and maintaining two residential complexes in the Emirates of Umm Al Qaiwain and Ras Al Khaimah at a total cost of AED622.65 million. The first AED298.65 million contract, signed with the National Gulf ...

Dubai / WAM The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority ( DAFZA ) officially launched the digital portal of the ‘Oasis of Innovation in Islamic Economy’ concurrently with the groundbreaking of the first global oasis dedicated to incubating creative ideas and entrepreneurial projects in support of the international Islamic economy. Dr. Abdulrahman Bin Saleh ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry (DCCI) on Thursday hosted a seminar entitled Management of Letter of Credit Operations – the Exporters and Importers Perspective, aimed to bring a new dimension to trade finance by providing a comprehensive overview of obligations and challenges faced by the parties using documentary letters of credit. Conducted by Vincent O’Brien, ...

BERBERA / WAM The Khalifa bin Zayed Al Nahyan Foundation began on Thursday the distribution of new emergency relief aid to the Somali families in Berbera, a city in the northwestern Berbera District of Somaliland. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

Emirates Business Etihad Airways’ equity investment model has created a new force in global air travel, which protects and promotes competition, said the airline’s President and Chief Executive Officer James Hogan, in a speech in Melbourne on Thursday. Speaking at the City Business Luncheon at Melbourne City FC, Hogan outlined the challenges faced by airlines trying to bring new competition ...

DUBAI / WAM Dubai Electricity and Water Authority, (DEWA), has developed its use of drone technology as part of its Sirb (Arabic for fleet) initiative, which contains a fleet of high-end drones used to support Dubai’s infrastructure and contribute to providing efficient and easy-to-use services. The initiative supports national efforts to use modern technologies to serve humanity. DEWA has improved ...

Sunaina Rana / Emirates Business Joining the league of UAE’s commitment towards promoting sustainable products is an internationally renowned school uniform brand that brings innovative technology to develop sustainable fabric for uniforms. In wake of the global climate concerns, encouraging eco-friendly products are a must. However, experts suggest they should be continuously improved regarding social and environmental variation and requirements. ...