News

DUBAI / Emirates Business A high-level delegation of government officials and industry leaders from the United Arab Emirates will participate at the second edition of the Global Manufacturing and Industrialisation Summit (GMIS) which is going to be held in the Russian City of Yekaterinburg from July 9 to 11. The move reaffirms the UAE’s commitment to the deployment of new ...

SHARJAH / Emirates Business The Dubai Real Estate Institute, DREI, recently signed a memorandum of understanding (MoU), with the Abu Dhabi Vocational Education and Training Institute (ADVETI) to establish cooperation in areas of common interest and to exchange expertise. The MoU is also aimed at promoting educational services in the UAE in line with the strategic national vision to empower ...

DUBAI / WAM Union Coop has announced that it has opened its purchasing ceiling to its shareholders to offer them the highest possible returns on their purchases as of the beginning of 2019. The decision comes as a result of its strategic objectives to ensure shareholder happiness and achieve high returns on their investments. Majid Hamad Rahma Al Shamsi, Chairman ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) met with an executive delegation from Morgan Stanley to discuss how to develop business relations between both entities. Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX, said, “This was a valuable introduction for the ADX. Developing business relations with such a highly experienced American multinat- ional investment bank ...

PRAGUE / WAM Public and private sector players attending the Czech-UAE Business Forum 2019 in Prague called for businesses in the two countries to explore new partnership opportunities in key sectors of mutual interest such as smart city solutions, manufacturing, logistics, healthcare, tourism and artificial intelligence, which can support the strategic vision of both governments. The high-level forum, attended by ...

DUBAI / WAM Hala China celebrated its first anniversary with the signing of six collaboration agreements to launch a host of unique events and packages in Dubai throughout 2019 and 2020. The agreements will see Hala China collaborate with Shanghai Qianxilu Cultural Communication, and leading Chinese travel agencies to boost tourism, cultural exchange, and trade and investment avenues. Held at ...

DUBAI / Emirates Business Dubai International Financial Centre (DIFC) Authority, the entity responsible for the operations and management of the leading financial hub for the Middle East, Africa and South Asia (Measa) region with a wealth and asset management market of $424 billion, has strengthened its leadership team to drive its ongoing journey towards becoming a next generation financial centre. ...

ABU DHABI / WAM The World Future Energy Summit, will host an unrivalled gathering of top-level government and business leaders when it returns to Abu Dhabi in January 2020, further reinforcing its place as the leading global event and business marketplace for future energy, clean tech and sustainability. Hosted by Masdar and part of Abu Dhabi Sustainability Week, the World ...

Dubai / Emirates Business Aafaq Islamic Finance, in collaboration with Mastercard, has launched unique Sharia-compliant credit cards, boosting its retail segment and capturing the growing credit card market in the country. Aafaq’s retail business expansion is in response to the increasing demand for Sharia-compliant banking products and services in the country, where over 50% of customers use Islamic banking products. ...

ABU DHABI / WAM According to statistics from the Ministry of Finance, the UAE’s total spending on social benefits in 2018 amounted to AED65.74 billion, accounting for 16.8 percent of government spending. This figure highlights the importance of social development to the agendas of the federal government and local governments, in line with the UAE Vision 2021 and the country’s ...