News

ABU DHABI / WAM Bilateral trade between China and the UAE reached $11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said a top Chinese diplomat. “China-UAE trade is expected to maintain the mom-entum of rapid growth thro- ughout 2019 and beyond,” Ni Jian, the Chinese Ambassador to the UAE, ...

Bloomberg Oil jumped in after-market trading following the Iranian Revolutionary Guard Corp seizing a British oil tanker and a Liberian-flagged ship in the Strait of Hormuz, raising stakes in the critical oil chokepoint. Brent futures rose as much as 1.4 percent from its settlement, while WTI futures also edged higher after the seizure of the tankers. UK Foreign Secretary Jeremy ...

Bloomberg China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or control entities including wealth management units of commercial lenders, pension fund managers and currency brokers, the central bank said in a statement on ...

ABU DHABI / WAM Promoting our national heritage and preserving and documenting our history and traditions for future generations is of utmost importance to preserving our national identity, said HH Sheikha Maryam bint Mohamed bin Zayed Al Nahyan, during the inaugural Cultural Councils Initiative meeting. The Ministry of Culture and Knowledge Development hosted the Cultural Councils Initiative, a sector-focussed platform ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) and Careem announced the launch of their taxi e-hailing service in Dubai under a joint venture (JV) titled, ‘Hala’, which will officially offer its services to customers from September. The ‘Hala’ logo is designed to reflect the transformation of the taxi e-hailing experience provided through the partnership, which will be simpler, ...

ABU DHABI / WAM Abu Dhabi Airports has welcomed GoAir’s launch of two new daily flights, the first between Mumbai International Airport and Abu Dhabi, and the second to Delhi International Airport, further connecting the UAE capital to the two major Indian cities. GoAir’s inaugural flights from Delhi, India’s capital and Mumbai, the financial capital of the world’s 6th largest ...

DUBAI / WAM The Awqaf and Minors Affairs Foundation (AMAF) has contributed AED200,000 to the Erada Centre for Treatment and Rehab, in a bid to help the centre upgrade its facilities, and enhance patient care. An independent centre based in Dubai, Erada offers treatment and rehabilitation services to individuals with substance abuse disorders and addiction. The centre also raises awareness ...

DUBAI / WAM Sandooq Al Watan, the national initiative launched by prominent Emirati businessmen to support research projects for the post-oil era has celebrated the first batch of graduates from the Dubai chapter of its “Emirati Coder” programme at GEMS Modern Academy. The first batch included 86 graduates. In attendance at the event were Lt. General Dhahi Khalfan Tamim, Chairman ...

SHARJAH / WAM The Sharjah International Airport Free Zone (Saif Zone), and Hamriyah Free Zone Authority (HFZA) have bagged two international awards, in recognition of their sustained efforts to develop state-of-the-art business infrastructure that meet investors’ growing needs. The two free zones received the European Society for Quality Research, ESQR’s, ‘Quality Choice Prize 2019’ in the ‘Gold Category 2019’ at ...

GUADALAJARA / WAM Sharjah’s global efforts to encourage literary movements and the richness of Emirati and Arab cultures will be under the spotlight at Latin America’s largest book fair next year. In a recent announcement made by the Guadalajara International Book Fair (FIL) organisers, the emirate has been named the “Guest of Honour” at the FIL’s 34th edition, to be ...