News

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, signed a gold sponsorship agreement for two years with The American Society of Heating, Refrigerating and Air-Conditioning Engineers, ASHRAE, Region-At-Large, RAL, for its activities being held in Africa, the Middle East, South Asia (India, Pakistan, Bangladesh and Sri Lanka), and Turkey. Through this sponsorship, Empower pursues to shed light on ASHRAE’s ...

ABU DHABI / WAM The 14th edition of the Sheikh Zayed Book Award (SZBA), has begun accepting nominations for 2019-2020. The process, which is open until October 1, will culminate with the award’s presentation ceremony at Louvre Abu Dhabi, to be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced that it took part in the Arab Financial Inclusion Day, an initiative adopted by Arab Monetary Fund (AMF), and the Council of Governors of Arab Central Banks to improve financial inclusion in the region. The bank’s participation was exhibited through the launch of its ‘Learn & Save” initiative, which focused on ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a number of Emirati well-wishers on the occasion of the Holy Month of Ramadan. He exchanged greetings with them and wished more prosperity and security for the UAE under the leadership of President ...

DUBAI / Emirates Business Damac Properties Dubai announced financial results for the first quarter of 2019, reporting total revenue of AED 896 million, with booked sales reported at AED 1.2 billion, 15% higher than AED 1 billion recorded in Q4 2018. Gross profits for the same period stood at AED 242 million reflecting gross profit margins of 27%. Total assets ...

Dubai / WAM His Highness Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has chaired the first meeting of the Department of Behavioral Rewards of the Ministry of Possibilities, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai ...

Abu Dhabi / Emirates Business “The rates of compliance with tax laws and procedures have increased exponentially among all taxable businesses,” said His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), in a press statement issued by the Authority to mark 500 days of Value Added Tax (VAT) in the UAE, which went into effect ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), is intensifying its Ramadan programmes and projects this year in 83 countries worth AED21,810,000 that benefit 1,435,966 people. It also launched many Ramadan programmes related to Ramadan Iftar, Zakat Al Fitr, and Eid clothes in countries suffering from major humanitarian crises and wars. The ERC is supporting Syrian refugees in countries ...

Dubai / WAM DMCC, a Free Zone for commodities trade and enterprise, on Wednesday announced its collaboration with TradeAssets, the first blockchain-powered trade finance e-marketplace of its kind for banks. Through its collaboration with DMCC Tradeflow, a dedicated flexible and customised online platform for registering possession and ownership of commodities in the UAE, TradeAssets will gain access to a larger ...

Bloomberg Billionaire Wang Jianlin is setting his sights back on China after government scrutiny of his group’s overseas deals resulted in an end to a global expansion spree. Wang’s Dalian Wanda Group Co unveiled plans to spend $11.6 billion in the northeastern city of Shenyang, the biggest of the mainland investments it announced in the past six months. The money ...