News

ABU DHABI / WAM Non-oil trade exchange between the United Arab Emirates and the Kingdom of Saudi Arabia has reached AED417.6 billion over the past five years, Sultan bin Saeed Al Mansouri, Minister of Economy, has stated. Non-oil exchange between the two countries reached AED107.4 billion in 2018, a surge of 35% over 2017, reflecting the strength of the strategic ...

ABU DHABI / WAM Modon Properties – a development company mandated by the Abu Dhabi government to build sustainable communities and develop strategic mixed-use projects in the emirate – has awarded the infrastructure project of the phase 1 south of Riyadh City, Abu Dhabi’s largest housing development named in recognition of the “longstanding ties” with Saudi Arabia. The AED1.53 billion ...

Dubai / WAM Zayed Water donated 100% of its profits to Emirates Red Crescent (ERC), to fund 12 water wells in 7 countries namely Sierra Leone, Niger, Togo, India, Pakistan, Tajikistan and Kyrgyzstan. The donation was made at an event held at the ERC office in Dubai, attended by representatives from the Sierra Leone embassy in the UAE, Al Ihsan Charity ...

GENEVA / WAM UAE citizens in Geneva, Berlin, and London on Sunday started voting for the elections of the fourth session of the Federal National Council (FNC). Ambassador Obaid Salem Al Zaabi, UAE Permanent Representative to the United Nations and Other International Organisations in Geneva, said that all arrangements were made for the UAE citizens abroad to participate in the ...

Dubai / Emirates Business Meraas Holding (Meraas) announces that it has entered AED5 billion ($1.4 billion) long-term strategic partnership with Brookfield Asset Management (Brookfield) to jointly own and operate a retail-focused real estate platform in the UAE with a mandate to explore growth opportunities in the retail sector across the GCC region. This transaction represents a significant investment in the region ...

Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi organised a ceremony on Sunday to award licences for the existing 18 non-Muslim places of worship in the emirate of Abu Dhabi. Licences for five other places of worship were also announced in the ceremony. The event aimed to highlight the DCD’s vital role in regulating places ...

Dubai / Emirates Business Dubai Chamber of Commerce and Industry hosted its Exporter of the Month ceremony at its head office where 8 member companies were recognised for outstanding export performance during the first eight months of this year. GTCS Trading DMCC and DBMSC Steel FZCO were both recognised as companies reaching the highest export value, while Hitech Industries FZE ...

Dubai / WAM The Mohammed bin Rashid Housing Establishment (MRHE), announced the start of preparations to organise the third edition of Housing, Building Materials, Decoration & Engineering Consultancy Exhibition “DecoBuild 2019”, which will be held in Dubai, from November 6-9. The exhibition, which is organised for the third consecutive year, will be witnessing broad participation of governmental entities, especially exhibitors, ...

Dubai / WAM Dubai’s Department of Economic Development (DED), issued 2,650 new licences for various professional, commercial, industrial and tourism activities in August 2019. This is a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, said a DED press release issued on Sunday. According to the Business Registration and Licensing (BRL), sector in ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have sent messages of congratulations ...