News

Abu Dhabi / WAM A total of 17 million cheques worth AED805 billion were handled by the Image based Cheque Clearing System (ICCS) during the first eight months of 2019, according to a report issued by Central Bank of the UAE (CBUAE). A breakdown showed that 1.77 million cheques worth AED 82.6 billion were cleared in August 2019, as compared ...

HONG KONG / WAM The UAE Economic and Commercial Delegation concluded its participation in the 4th Summit of Belt and Road Initiative in Hong Kong. Abdullah Al Saleh, Under-Secretary at the Ministry of Economy for Foreign Trade Affairs and Head of the UAE Delegation, highlighted the success of the delegation’s mission and its contributions to the summit. Under the theme ...

Bloomberg The Boeing 737 Max is unlikely to be back in service before next year, the UAE aviation regulator said, contradicting the manufacturer’s timeline for its return. Saif Al Suwaidi, director general of the General Civil Aviation Authority, said he expects the plane to be back in the first quarter of next year. Boeing has set a fourth-quarter target. The ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), received a high-level delegation from the Republic of Tajikistan to discuss the prospects for joint cooperation and increased trade exchange, and opportunities for economic partnerships with the business communities in Sharjah and Tajikistan. Discussion took place during a meeting hosted by the SCCI, in the presence of Waleed Abdul ...

Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with Dubai Export Development Corporation (DEDC) to develop and promote trade linkages and investment opportunities for Dubai-based businesses in high growth markets. The MoU was signed by Saed Alawadi, CEO of Dubai Export Development Corporation, and Massimo Falcioni, CEO of ECI, at the 4th Future Manufacturing & Trade Summit 2019, ...

Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. 4 of 2019 pertaining to Dubai’s Real Estate Regulatory Agency (RERA). The new law includes restructuring the legal provisions of the agency, which was established pursuant to Law No. 16 of ...

UMM AL QAIWAIN / WAM The UAE is giving utmost importance to preserving fish stocks and fishing conservation, one of the oldest professions in the region and a main pillar of the UAE’s national economy, according to a top official. Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment (MOCCAE), made these remarks while touring the Umm ...

DUBAI / WAM The upcoming 39th Gitex Technology Week and 4th Gitex Future Stars will feature the region’s largest 5G tech applications, new lifestyle tech and future mobility developments, as well as offer a glimpse into the ways that artificial intelligence and Gen Z will shape the future Held under the theme, ‘Synergising the Mind and Technology Economy’, the event ...

Dubai / Emirates Business Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Area 2071, recently kicked off the fourth edition of its weekly networking series which brings together stakeholders from the Dubai startup ecosystem and features inspirational talks led by successful entrepreneurs and industry innovators. The 10-week series, hosted at Emirates Towers, will ...

Dubai / WAM Ithra Dubai has announced the start of the first sliding phase of the world’ s largest cantilever or ‘The Link’, on its One Za’abeel development. The commencement of the sliding works commenced on September 12. One Za’abeel is an iconic, high-rise, mixed-use luxury development currently under construction in the heart of the city, standing at the gateway ...