News

DUBAI / WAM The Islamic Affairs and Charitable Activities Department in Dubai (IACAD) announced the delivery of 38 housing units to low-income Emirati families, in cooperation with Sheikh Zayed Housing Programme as part of the “Mudon Al Khair” (Cities of Goodness) initiative. The department also announced that the donations from individuals, government and private entities reached AED43.2 million. The move ...

ABU DHABI / WAM Dubai Land Department (DLD), represented by its Registration and Real Estate Services sector, has announced the initiation of the partnership it had previously signed with the General Department of Criminal Investigation at Dubai Police for the new smart housing security system. Incorporating many other parties, including major real estate developers in Dubai, the agreement aims to ...

ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD) met a high-level Gambian delegation to the UAE, led by President Adama Barrow of Gambia, to discuss development funding and investment opportunities in the African country. Delegates included several Gambian ministers and government officials. The meeting also drew the participation of Fansu Bojang, Ambassador ...

Dubai / Emirates Business The Commercial Bank of Dubai (CBD) recorded a net profit of AED 701 million for the first half of 2019, representing an increase of 25 percent over the same period last year. The strong results have been attributed to broad based business improvement. The operating expenses increased marginally by 1.1 percent primarily on the back of ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) Free Zone and Government of Dubai Authority on commodities trade and enterprise, and the Department of Economic Development (DED) have signed a strategic memorandum of understanding (MoU) to collaborate on the licensing of companies in Dubai allowing them to operate within the Free Zone and onshore. The partnership aims to further facilitate ...

CAIRO / WAM During its 50th Ordinary Session, chaired by Saudi Arabia, the Arab Information Ministers Council selected the Emirate of Dubai as the 2020 ‘Capital of Arab Media’. The Council’s decision confirms the UAE’s role in supporting Arab and international media and further recognises Dubai’s prominent media stature. Dr Sultan bin Ahmed Al Jaber, Minister of State and Chairman ...

RAS AL KHAIMAH / WAM Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras al Khaimah Chamber of Commerce and Industry, and Samata Gifty Bukari, Consul-General of the Republic of Ghana in Dubai, have discussed strengthening bilateral business cooperation and investment opportunities in different sectors. Al Nuaimi underscored the importance of enhancing ties with Ghana, and the private sector in both ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) reported a record half year net profit of AED6.3 billion, up 4 percent year-on-year, driven by revenue growth, coupled with continued cost control and prudent risk management. According to its financial results for the first half ended on June 30, FAB delivered a solid financial performance in the first half of ...

CHANDIGARH / WAM The trade and investment flow between India and the United Arab Emirates are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region. The recent launch of the ‘India-UAE Bridge’ initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smar-ter trade ...

Bloomberg Billionaire Azim Premji has helped create India’s latest tech unicorn: a fast-rising software startup that symbolises the growing investor interest in the Asian nation’s enterprise technology space. Icertis, which competes with SAP SE and Oracle Corp to help businesses manage contracts in the cloud, has raised $115 million, propelling it to unicorn status as investors flock to enterprise software ...