News

DUBAI / WAM The UAE Cabinet adopted a decision to amend and waive fees for a number of federal services within the framework of government’s effort to enhance the national economy, reduce costs to business owners and increase the competitiveness of the UAE. The decision promotes economic growth in the UAE and it includes the amendment or cancellation of fees ...

ABU DHABI / WAM The UAE’s non-oil foreign trade, including direct and free zone trade, and customs warehouses, reached a total of AED1.628 trillion in 2018, announced the Federal Customs Authority (FCA) on Tuesday. In a statement, the authority noted that direct non-oil foreign trade accounted for 63 percent (AED1.025 trillion) of the total value, while free zone trade and ...

ABU DHABI / WAM Mubadala Aerospace’s Turbine Services and Solutions, a maintenance repair and overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, has unveiled a new identity for its MRO business, which will now be known as Sanad Aerotech. The new brand positioning reflects the focus of Mubadala Aerospace on engineering excellence, underpinned by industry-leading reliability, innovation ...

Dubai / Emirates Business Careem has entered the micro-mobility space with the acquisition of UAE-based bikeshare service company Cyacle. Cyacle stations run 24-hours a day via an app, a touch screen kiosk and docking system that releases bikes using a ride code or a member key. Careem’s CXO and co-founder Magnus Olsson said, “This deal means Careem will be able ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) signed an agreement with Novartis Middle East on the provision and recycling of the strategic drug stockpile in severe and emergency situations. The agreement includes 31 life-saving and emergency dr-ugs. The one-year-agreement aims at strengthening pharmaceutical security and appropriate response to emer- gency cases, with formation of a joint committee ...

Bloomberg Brent crude traded around $70 a barrel as a two-day rebound eased on signs the US and China are still far from reaching a trade deal, but prices remained supported by supply risks in the Middle East. Futures in London held steady after rallying 3.5 percent. President Donald Trump said on a state visit to Japan that the US ...

Dubai / Emirates Business Dubai Land Department (DLD) signed a license agreement with Mashreq Bank, one of the first banks operating in the UAE, for the use of the e-mortgage system. The agreement was signed by HE Sultan Butti bin Mejren, Director General of DLD, and Arshad Khan, representing Mashreq Bank. Bin Mejren said: “The development and launch of the ...

Abu Dhabi / Emirates Business Etihad Holidays is giving travellers the chance to create unforgettable memories this Eid with a selection of holiday packages starting from AED 1,519 per person. Take advantage of Etihad Holidays’ Eid travel sale and choose from relaxing staycations or quick getaways across Asia, Europe and the US. Etihad Holidays’ has re-launched its booking system, allowing ...

GENEVA / WAM The UAE was selected as the 2020 Chair of the Global Forum for Migration and Development (GFMD), at a meeting held at the United Nations in Geneva. The UAE will be the first Gulf country to chair the prestigious global summit. The role will add to the significant international focus on the UAE throughout the course of ...

ABU DHABI / Emirates Business Al Masaood Automobiles, authorised distributor of Renault in Abu Dhabi and Al Ain and a leading player in Abu Dhabi’s automotive sector, has opened the latest Renault concept store (R-store) and service centre. Located at the embassies area off the Airport Road, the R-store is the first of its kind in Abu Dhabi and will ...