News

London / WAM The volume of foreign trade in non-oil goods between the UAE and the UK was estimated at approximately 9 billion pounds (AED 42.69 billion) in 2018, recording a growth rate of 10 percent over the previous year, according to a senior UAE official. Mohammed Bin Abdul Aziz Al Shehhi, Undersecretary of Economic Affairs in the Ministry of ...

Emirates Business Arab Bank Group announced its results for first quarter of 2019 reporting 5.2% growth in net profit after tax of $231.8 million as compared to $220.3 million in 2018, with net income before tax increasing by 9.1% to reach $312.8 million. Group equity stood at $ 8.5 billion, while loans increased to $25.8 billion and deposits to $33.7 ...

Dubai / Emirates Business After gaining a comfortable foothold in the French market High fashion label Sakina Paris has projected her sales to grow by 30 percent every year. It can be seen that a large part of the multibillion dollar Middle East fashion market is dominated by the international brands mostly from the countries like USA, UK, France and ...

Dubai / Emirates Business India Gate, a KRBL Group flagship brand, a benchmark in quality food standards and world’s largest miller of rice joined forces with a Dubai based integrated communications agency, The Classic Partnership, a division of VMLY&R Group to launch the #IndiaDegaAashirvad, an initiative that aims to feed millions of less fortunate people. In most Indian weddings, rice ...

SHARJAH / WAM The Ministry of State for Federal National Council Affairs (MFNCA), organised a lecture titled “The Culture of Political Participation and the Federal National Council” in collaboration with the Districts and Villages Affairs Department in Sharjah. The Mughaider Council in Sharjah hosted the lecture which was attended by Abdulrahman bin Kamel Al Shamsi, Chairman of the council, along ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), received on Saturday a special edition of the ‘Sheikh Zayed Trilogy’, a collection of children’s books which commemorates the life and childhood stories of the Founding ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) has signed a Memorandum of understanding (MoU) with the Malaysian Penang International Halal Hub (PIHH), to establish a framework of cooperation between the two sides. The agreement will provide the Halal Trade and Marketing Centre (HTMC) with a range of world-class services, supporting companies and businessmen locally, regionally and globally. The ...

DUBAI / WAM A total of 15,350,000 travellers passed through points of entry and exit in Dubai in the first quarter of 2019, according to the General Directorate of Residency and Foreigners Affair (GDRFA), Dubai. Major-General Mohammad Ahmad Al Merri, Director-General of the GDRFA, stated that 13,598,749 passengers travelled by air, 1,371,251 on land and 380,000 by sea. Some 1,940,660 ...

Dubai / WAM The Roads and Transport Authority (RTA), announced the completion of 75 projects as part of the Smart City and Artificial Intelligence Programme. Projects completed relate to the smart organisation, infrastructure, smart vehicles, data management, artificial intelligence and smart and sustainable transport. “RTA supports the transformation of Dubai into a smart city to provide happiness and luxurious living ...

Cairo / WAM Heads and representatives of stock exchanges, including the Abu Dhabi Securities Exchange (ADX), Arab depository and clearing companies, as well as representatives of a group of brokerage firms and financial experts, attended a series of meetings of the Arab Federation of Exchanges (AFE), in Cairo, Egypt. Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX along ...