News

Bloomberg For Brits looking to escape the UK in an increasingly wet August, the pound might offer some relief with a recovery against the euro. Sterling ended a record run of losses against the common currency this week and analysts are cautiously optimistic on its near-term prospects. Growing resistance among opposition lawmakers to a no-deal Brexit has led traders to ...

Emirates Business Ras Al Khaimah International Airport has announced the onboarding of its first foreign exchange partner, Travelex. Headquartered in London with a presence in over 70 countries, Travelex is a leading provider of foreign exchange, remittance, and payments services, enabling physical and digital cross-border money movement for consumers and financial institutions. Travelex has commenced operations at the airport, offering ...

ABU DHABI / WAM The National Election Committee (NEC) tasked with organising the fourth cycle of elections to the Federal National Council (FNC) announced that the candidate registration process for FNC membership commences from today in nine centres across the UAE. The registration centres will continue to accept candidate applications until August 22, 2019. The Committee also underscored that those ...

DUBAI / WAM Dubai welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three percent in tourism volume growth compared to the same period last year, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism. The new figure reinforces the continued strength of Dubai’s tourism ...

ABU DHABI / Emirates Business The Higher Organizing Committee of the 17th Edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) announced event features that are offered for the first time at the event including several recreational and cultural activities for families to enjoy. The exhibition is held under the patronage of HH Sheikh Hamdan bin Zayed Al ...

DUBAI / WAM In 430 days, the world will witness a key international event, the Expo 2020 Dubai, which will be a cultural platform for gathering countries for 173 days in one place, to showcase their cultures, heritage and histories to 25 million potential visitors. Participating countries are looking forward to the event, where intellectuals will meet to shape the ...

DUBAI / WAM The Roads and Transport Authority (RTA) confirmed that 65 percent of construction work of the Al Qudra-Lehbab Roads Intersection Project had been completed. The project upgrades the junction from intersecting roads into a flyover enabling free traffic in all directions. “Lehbab Road is a key traffic corridor offering an alternative link to Expo Road, Jafza and Abu ...

DUBAI / WAM An attempt to smuggle 251.2 kg of crystal meth and 6.4 kg of heroin, with an estimated market value of AED25 million has been foiled by a joint team of the Customs Intelligence Department and Jebel Ali Customs Centre in Dubai The operation was nicknamed “Gear Box” – the illegal drugs were concealed inside used vehicle spare ...

DUBAI / WAM The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) Dubai, issued 14,737 new licences during the first half of 2019 as the emirate continued to enhance its appeal as a destination for sustainable business growth. Among the new licences, 52 percent were commercial (7,648), 45 percent professional (6,722), two percent tourism (262), ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has launched a new electronic system for registering excise goods as part of its plans to continuously develop the tax system as a whole, and excise tax procedures, in particular. In a press statement issued on Saturday, the authority explained that the new system offers accurate and transparent procedures for registering ...