News

  Abu Dhabi / WAM The Emirati Talent Competitiveness Council (ETCC), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court, and ETCC Board Chairman, on Monday launched the “NAFIS..Your Way” campaign. The campaign aims to highlight the success stories of talented Emiratis in the private sector and the benefits of working ...

  Fujairah / Gulf Time BPGIC FZE, a bulk storage provider situated in the Fujairah Oil Industrial Zone and next to the Port of Fujairah, reported that its terminal in Fujairah was not being affected by the recent adverse weather conditions and no damages to the infrastructure were reported. The award winning terminal facilities, which are mainly automated, are designed ...

  DUBAI / WAM The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to the ...

  Dubai / WAM Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording more than 183% growth in visitors compared to the 2.52 million tourists who visited Dubai during the same period in 2021, according to latest data from Dubai’s Department of Economy and Tourism (DET). This positive trend in H1 2022 places the city firmly ...

  Abu Dhabi / WAM The United Arab Emirates has emphasised the need to restore calm to the Gaza Strip, reduce escalation, and preserve civilian lives. In a statement, Afra Mahash Al Hameli, Director of the Strategic Communications Department at the Ministry of Foreign Affairs and International Cooperation (MoFAIC), said that the UAE expresses its deep concern over the current ...

  Abu Dhabi / WAM The total assets of the 22 national banks increase to AED3.023 trillion in the first five months of 2022, up 4 percent (AED117.3 billion), according to latest statistics released by the UAE central bank (CBUAE). Assets of national banks accounted for 87.8 percent of gross banking sector’s assets of AED3.442 trillion by end of last ...

  Dubai / WAM Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region, enhance digital business infrastructure and support the ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has announced that the Sheikh Rashid bin Saeed Corridor Improvement Project is now 75 percent complete. The project extends 8 kilometres (km) along Ras Al Khor Road from the intersection of Dubai – Al Ain Road to the intersection of Sheikh Mohammed bin Zayed Road. Works include constructing bridges extending ...

  Dubai / WAM A record of 89 ships carrying a total net tonnage of 5.2 million tonnes passed through Egypt’s Suez Canal in both directions, the highest daily traffic rate in the international waterway’s history, stated Suez Canal Authority (SCA) Chairman Osama Rabie. 44 ships passed through the canal from the north with a net tonnage of three million ...

  Abu Dhabi / WAM Emirates Development Bank (EDB) held its board meeting to review results of the first half of 2022 and monitor the progress of its new strategy which was launched in April 2021 to support the UAE’s industrial development, accelerate the adoption of advanced technologies, and empower the growth of SMEs. The board meeting was held for ...