News

ABU DHABI / WAM The UAE cabinet has adopted a decision to amend provisions of the resolution on sponsoring of foreign workers to their families in the country. According to a statement by the General Secretariat of the Cabinet, the amended provisions now indicate “income” as a requirement for sponsoring family members, as opposed to the previously listed “professions” which ...

Dubai / Emirates Business As the company commemorates four decades as a leader in the UAE’s manufacturing sector, Ducab announced that its 2018 consolidated group sales rose to AED 4.8 billion, an increase of approximately 7% year on year. Ducab now operates six manufacturing facilities across four sites in the UAE, employing a workforce of over 1,600. Ducab Group now ...

Abu Dhabi / WAM The UAE gross bank assets, including bankers’ acceptances, stood at AED2.909 trillion, in February down from AED2.913 trillion in the preceding month, figures by the UAE Central Bank have showed. Gross credit in the banking system, rallied 6 percent from AED1.662 trillion in January 2019 to AED1.671 trillion in February, with total bank deposits following suit ...

ABU DHABI / WAM The Abu Dhabi Distribution Company, a branch of the Abu Dhabi National Energy Company PJSC, has stated that the emirate has saved 181 megawatts (MWs) of electricity during Earth Hour 2019. Launched ten years ago, Earth Hour is a global initiative that aims to engage individuals to support efforts in tackling climate change. Saeed Mohammed Al ...

ABU DHABI / WAM Agthia Group shareholders approved a cash dividend of 15 percent for an amount of AED90 million during its recent 14th Annual General Meeting in Abu Dhabi. Agthia Group PJSC, a UAE food and beverage company, had previously reported that net profit had increased to AED211 million in 2018, 11 percent higher when non-repeating items were excluded ...

Dubai / WAM Noor Bank enriched its loyalty, rewards and savings account portfolio by announcing a partnership with Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai. John Iossifidis, CEO of Noor Bank, and Dr. Nejib Ben Khedher, Senior Vice President of Emirates Skywards, signed the partnership agreement that appoints Emirates Skywards as the bank’s primary points transfer partner. ...

Abu Dhabi / WAM A total of 2.35 million cheques worth AED201.4 billion were handled by the UAE Clearing Cheque System during first two months of 2019, according to statistics released on Sunday by the Central Bank of United Arab Emirates (CBUAE). The cheques handled during this period account for 19.25% of the total value of cheques handled throughout 2018, ...

ABU DHABI / WAM UAE Minister of State for Foreign Affairs, Dr Anwar bin Mohammed Gargash, categorically rejected a report by the Group of Eminent International and Regional Experts on Yemen, and urged the Human Rights Council (HRC), to instead refocus on providing support to the Government of Yemen in building institutions to protect human rights in the country. In ...

ABU DHABI / WAM Adnoc Drilling, an Abu Dhabi National Oil Company (Adnoc), subsidiary, on Sunday announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate. The well was the first to be drilled in a fully integrated way – delivered to Adnoc ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), completed the Structural Integrity Test (SIT), and Integrated Leak Rate Test (ILRT), at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the ...