News

ABU DHABI / WAM The Central Bank of UAE’s monetary aggregates, which include currency in circulation outside banks plus monetary deposits and quasi-deposits and government deposits, referred to as M3, increased 0.2 percent by the end of April, hitting as much as AED1.636 trillion against an amount of AED 1.632 trillion recorded the month before, according the UAE Monthly Monetary ...

Dubai / Emirates Business High net worth individuals and business owners globally are optimistic and looking for opportunities to invest as markets rebound in 2019, according to UBS Global Wealth Management’s new quarterly Investor Sentiment survey. The survey, which polled more than 3,600 wealthy investors and entrepreneurs in 17 countries, including the UAE, points to a rebound in bullish sentiment ...

DUBAI / WAM Expo 2020 Dubai has announced that the construction of its petal-shaped Thematic Districts is now complete, marking one of the most significant milestones on the road to welcoming the world to the UAE. More than 100 million working hours have now gone into developing the site, including the completion of all shell and core works for the ...

Dubai / Emirates Business All the features in the Emirates app are now available in Arabic, bringing the total number of languages supported to 19. The Emirates app currently receives an average of 600,000 monthly downloads and allows users to search, book and manage their flights as well as their Emirates Skywards accounts. Emirates is the only airline globally to ...

Sharjah / WAM Dana Gas on Tuesday announced it commenced drilling operations at its Merak-1 well, offshore Egypt. The location is in 755 metres of water in the North El Arish concession, also known as Block 6. This block is in the Eastern Mediterranean Basin where other giant natural gas discoveries have been made in recent years. The Merak-1 well ...

ABU DHABI / WAM An estimated 1.6 million tonnes of slag, a byproduct of steel manufacturing, of Emirates Steel will be processed in two years after the company signed an agreement with Finnish ECOFER Technologies. The agreement, due to take effect in 2020, will provide Emirates Steel with sustainable slag management services for the next ten years, in line with ...

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, underscored the vital role being played by the media in the ongoing national development and progress process. “The UAE views the media as a key partner in the inclusive development process and spares no ...

ABU DHABI / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, received Prime Minister Boubou Cisse of Mali, who is currently visiting the UAE. During the meeting held at headquarters of the Ministry of Foreign Affairs and International Cooperation (MoFAIC), in Abu Dhabi, the two sides discussed bilateral relations and opportunities to expand cooperation across multiple ...

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 phone call from South Korean President Moon Jae-in extending thanks and appreciation for the UAE’s efforts to release a South Korean citizen kidnapped in Libya. His Highness Sheikh Mohamed and the South ...

Dubai / WAM A roundtable in Malta has provided Dubai Islamic Economy Development Centre (DIEDC), an opportunity to expanding the footprint of Islamic economy in Europe, as well as exchanging knowledge and expertise in the Islamic finance field, and enhancing bilateral relations. The participants also discussed Malta’s potential to become a key Islamic finance hub in Europe, considering the presence of ...