News

Abu Dhabi / WAM Up to 540,359 business activity licenses were issued by the end of December 2018, circa 1.6 percent up from August of the same year, according to the Ministry of Economy’s statistics. The growth reflects the uplift recorded since the beginning of the year across all economic platforms in a way that will spur the GDP, which ...

Dubai / WAM Global Village, the world’s leading multicultural Festival Park and the region’s first family destination for culture, shopping, and entertainment, announced a new attendance record with more than three million guest entries over the two-month period since its opening on October 30, 2018. Based on this performance and guest feedback, this makes for unprecedented performance, especially as Global ...

Aden / WAM Yemen’s Minister of Information, Muammar Al-Iryani, has commended the World Food Programme (WFP)’s reaction to Houthi militia’s manipulation of food aid. In statement to the Yemeni News Agency, Al-Iryani said, “The WFP’s account indicates that Houthi militia is deliberately exacerbating humanitarian crisis, causing people in its controlled regions to suffer starvation in order to capitalise on their ...

HADRAMAUT / WAM A humanitarian convoy loaded with various food items was deployed by the Emirates Red Crescent (ERC), to the governorate of Hadramaut in Yemen, delivering 1,850 family-sized food baskets to 9,250 residents. The move is part of a comprehensive relief plan being carried out by the UAE across the governorate and in other Yemeni territories. In the Year ...

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX), announced on Wednesday that it has rounded off a highly successful 2018 by breaking its annual volumes record, trading 22.26 million contracts, up 28 percent from the previous year. The total value of the contracts was $474.94 billion, beating its previous highest value of $448 billion traded in 2013. Average Daily ...

Dubai / WAM Mohammad bin Abdullah Al Gergawi, Minister of the UAE Cabinet Affairs and The Future, Vice Chairman of the Board of Trustees and Managing Director of Dubai Future Foundation (DFF), has appointed Maha Khamis Al Mezaina as Director of Area 2071 in Dubai Future Foundation. Area 2071 was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

Dubai / WAM MyHome services from the Emirates Post will now be available for residents living in the apartments. The services were before available exclusively to residents of a villa, which enabled mail delivery to one’s home either once or twice a week – based on subscription package. Obaid Mohammed Al Qatami, Acting Chief Commercial Officer at Emirates Post Group ...

Abu Dhabi / WAM The second edition of the Abu Dhabi Publishing Forum (ADPF), organised by Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is set to discuss a number of pressing topics in the publishing sphere under the theme, ‘The Future of Digital Publishing: Technologies & Challenges – the Global Experience’. This year’s edition of ADPF, ...

Bloomberg The Canadian oil industry could be in for another turbulent year in 2019, depending on how some pivotal events pan out. Government-mandated production cuts and the potential startup of a key crude pipeline are among key developments to watch for this year. While the announcement of production curtailments by Premier Rachel Notley has succeeded in lifting Canadian crude prices ...

Bloomberg China has sought talks with India to allay concerns on a regional free trade pact it is spearheading, two people familiar with the matter said, as Beijing seeks newer markets amid the ongoing trade war with the US. The 16-country Regional Comprehensive Economic Partnership (RCEP) has been in the works for a while and China is keen to conclude ...