News

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), has reported on Sunday its financial results for the first quarter ended March 31. Adnic delivered solid performance and growth across key financial metrics, with a net profit of AED122.6 million, a 133.1 percent increase compared to the same quarter last year. Adnic’s performance was driven by ongoing commercial momentum ...

MUSCAT / WAM Mohammed Sultan Al Suwaidi, UAE Ambassador to Oman, hailed relations between the UAE and Oman as historic and based on family ties, lineage, and common history. In a statement to the Oman News Agency, Al Suwaidi said these ties were ”eternal” and ”growing steadily.” According to Al Suwaidi, the two countries maintain regular coordination in many trade ...

DUBAI / WAM The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has implemented a new inspection campaign for shops and commercial establishments during the current phase of market reopening in the emirate. All 474 businesses inspected were found to be fully compliant with reopening guidelines, with no fines or closure orders issued, while 14 outlets were warned ...

DUBAI / Emirates Business Medical and biotechnology companies in Dubai Science Park, a holistic science-focused business community, have made a significant contribution to the UAE’s ongoing efforts to flatten the Covid-19 curve. Dubai Science Park, part of Tecom Group, is home to more than 350 companies employing over 3,600 people. Many of these firms – from multinational corporations to SMEs ...

DUBAI / WAM The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has received 144 commercial complaints during the first three months of 2020, a 57 percent decrease compared to the same period in 2019. In a statement by Dubai Economy on Sunday, the CCCP also received 159 enquiries, bringing the total transactions it handled to 303. The ...

DUBAI / Emirates Business Etisalat on Sunday announced the launch of ‘Easy Prepaid,’ enabling business customers to enjoy a prepaid feature on their existing postpaid mobile plan. With this new hybrid capability, customers can now switch between prepaid and postpaid features without the need to change their existing number. They can also recharge their credit, make out-of-bundle calls and subscribe ...

ABU DHABI / WAM The UAE Minister of Economy, Sultan bin Saeed Al Mansouri, has participated in the extraordinary G20 Digital Economy Ministerial Meeting, which was attended by economic ministers of all G20 member states. The meeting was held virtually, under the presidency of the Kingdom of Saudi Arabia, which is also the host of G20 meetings this year. During ...

ABU DHABI / WAM Abu Dhabi Municipality (ADM), an affiliate of the Department of Municipalities and Transport, carried out a campaign to disinfect major shopping centres in Abu Dhabi city and the mainland, as part of the National Disinfection Programme, which was launched by the Ministry of Health and Prevention, to prevent the spread of coronavirus (Covid-19). The campaign covered ...

ABU DHABI / WAM The UAE has strongly condemned the attack on an armoured vehicle in North Sinai, Egypt that resulted in the death and wounding of a number of soldiers. In a statement, the Ministry of Foreign Affairs and International Cooperation emphasised that the UAE utterly condemns these criminal acts and rejects all forms of violence and terrorism aimed ...

Bloomberg Hong Kong Financial Secretary Paul Chan warned the city could be hit by its worst economic slump on record even as authorities prepare to ease some lockdown measures amid signs the coronavirus outbreak has been contained. Reiterating a forecast for a contraction of 4% to 7% this year, Chan said in a blog post on Sunday that the low-end ...