News

ABU DHABI / WAM In yet a fresh sign of a positive economic outlook for the country, Abu Dhabi’s non-oil foreign trade during H1 2018 amounted to AED80.1 billion, with the month of June recording a growth of 30%. According to figures released by the Statistics Centre- Abu Dhabi, the emirate’s non-oil exports stood at around AED11.08 billion during H1, ...

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, has approved an AED50 billion ($13.6 billion) development plan for Abu Dhabi. The three-year development accelerator programme, dubbed ‘Ghadan 21’, was approved during a meeting with members of the Abu Dhabi Executive Committee. His ...

DUBAI / WAM Emirates NBD expanded its presence in Saudi Arabia with the opening of its first branch in the city of Khobar. The bank now operates in three key regions within the Kingdom, with branches in Riyadh, Jeddah and Khobar. As Saudi Arabia moves forward in enacting its plans for economic reform, in line with its Vision 2030, Emirates ...

DUBAI / Emirates Business The Board of Directors of Emirates Development Bank (EDB) has held its fifth meeting for 2018 at the Bank’s headquarters in Dubai under the chairmanship of His Excellency Obaid Humaid Al Tayer, Minister of State for Financial Affairs and Chairman of the EDB Board of Directors. The governing body discussed the items on the agenda and ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry’s representative office in Panama hosted an event which explored potential for enhancing cooperation between maritime and logistics companies in Panama and Dubai. The event was attended by HE Ibrahim Mohammed Al Mansouri, UAE Ambassador to Panama, and representatives from the Panama Canal Authority, Panama Chamber of Commerce, Agriculture and ...

Dubai / Emirates Business Taking its efforts to improve defence against increasing threats from cybercriminals to a new level, UAE Banks Federation (UBF) on Sunday hosted a workshop on “Customer Security Programme” for banking professionals, in collaboration with SWIFT, the world’s leading provider of secure financial messaging services. Held in Abu Dhabi, the workshop attracted more than 100 information security ...

NEW YORK / WAM Ambassador Lana Zaki Nusseibeh, UAE’s Permanent Representative to the United Nations in New York, has reiterated and reinforced her country’s commitment to a UN-led political process, notwithstanding the Houthis’ decision to disregard the Geneva talks organised by the Special Envoy of the Secretary-General for Yemen, Martin Griffiths. In a letter addressed to President of the UN ...

SHARJAH / WAM The Sharjah Business Women Council (SBWC), is calling upon all female entrepreneurs and start-up owners to apply to become one of the ten start-ups it will sponsor during Gitex Future Stars, which will run between October 14-18 at Dubai World Trade Centre (DWTC). SBWC, one of Nama Women Advancement Establishment’s three entities, will be participating for the ...

Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories. “We launched today an initiative to support the industry sector and ...

ABU DHABI / WAM­­­­­ Abu Dhabi Global Market (ADGM) considers it essential to develop alternative financing solutions to bridge the commercial funding gap in the UAE and the Middle East and North Africa Region, Richard Teng, the Chief Executive Officer of Financial Services Regulatory Authority (FSRA) at ADGM. Speaking to the Emirates News Agency (WAM), on the ADGM FinTech Abu ...