News

DUBAI / WAM Dubai International Airport (DXB) has recorded its second busiest month ever surpassing the eight million passenger mark in July, according to monthly traffic report issued by operator Dubai Airports. The airport clocked monthly traffic exceeding 8 million passengers on thr-ee other occasions last year —in January 8.03 million, July 8.06 million, and August 8.23 million. Passenger numbers ...

Bloomberg Talks to update the North American Free Trade Agreement (Nafta) will resume in Washington with a focus on dairy as the US pressures Canada to strike a deal by Friday, a US official familiar with the negotiations said. Canada’s Foreign Minister Chrystia Freeland is expected to visit the Washington office of US Trade Representative Robert Lighthizer. This week’s Nafta ...

HODEIDAH / WAM The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the coup perpetrators. The strike, which followed the typical rules of combat engagement, came after the Coalition had received confirmed intelligence reports on a terror attack being plotted by the Iran-aligned militias. Field reports confirm that the ...

DUBAI / Emirates Business Overall online spending continues to grow in the UAE, and is forecast to reach AED36 billion by the end of 2018, according to a joint report issued by PayPal and Ipsos on Wednesday. The fourth annual cross-border commerce report, which tracks online domestic and cross-border shopping habits of approximately 34,000 consumers in 31 countries, also revealed ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) affirmed compliance with occupational health and safety and quality requirements, noting that it is trying to improve performance of its strategic partners in order to realise on ground vision of Abu Dhabi government towa-rds achieving sustainable development by implementing hi- ghest quality standards in projects execution while protecting environment, ensuring ...

ADEN / WAM The United Arab Emirates has established a 120-megawatt power station in Aden at a total cost of $100 million to meet local energy needs. The station, powered by one of the world’s largest engine, is located in Al Haswa district and will start operation in October. A UAE ship docked at Aden earlier on Wednesday carrying the ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Wednesday announced that it is primed to host a very busy events season with its venues fully occupied till the end of this year by more than 50 major local and international exhibitions and conferences across key sectors including culture, healthcare, leisure, lifestyle, and business. Humaid Matar Al Dhaheri, ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) on Wednesday entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement reflects the commitment of both authorities to develop an environment that supports the sustainable development of financial services through emerging technology. ...

Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is launching its third premium residential project in Du-bai Healthcare City (DHCC) Fa- wad Azizi Residence. The AED 342mn project is spread over a total construction area of 565, 503 sqft and will have a total of 396 upscale apartments compr-ising 201 studio apartments, 165 ...

DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced the launch of DirectRemit services to the United Kingdom (UK), enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates. Emirates NBD’s remittance service is the fastest in the UAE and enables GBP transfers to Lloyds Bank accounts in less ...