News

ABU DHABI / WAM The relations between the UAE and Norway have witnessed increasing development, in line with their strong bilateral ties over the past decades with the value of their trade exchange reaching around $639.9 million in 2017, compared to $326.7 million in 2016, according to Ministry of Economy’s Trade Policy Review Report. The value of imports from Norway ...

SHARJAH / WAM Gulftainer, the world’s largest privately owned independent port operator based in the UAE, will host a ceremony to commence the construction of the Saja’a Permanent Access Road. The company’s AED11 million investment in the road extension aligns with its objective to play a key role in driving Sharjah’s economy. The highway will extend over two kilometres to ...

DUBAI / WAM The UAE has ranked above the global average in well-being, according to a report released by Cigna Corporation. Factoring in the responses of the resident UAE population — for the second consecutive year — the findings indicate that overall well-being remains stable with residents more confident of their ability to manage current and future costs, and the ...

DUBAI / WAM The Business Protection section of the Department of Economic Development (DED) in Dubai has seen a 52 percent increase in complaints regarding commercial disputes during the first half of 2018, compared to the same period last year. The section received 790 complaints during H1 2018 as against 520 complaints during the first half of 2017 as more ...

ABU DHABI / WAM The Arab Youth Centre revealed its list of ‘Young Arab Pioneers,’ which includes youths under 35 years of age from many Arab countries, who have a record of accomplishments, positively contributed to their communities, created opportunities, and provided solutions to challenges facing the Arab world. To mark the occasion, Shamma bint Suhail Faris Al Mazrui, Minister ...

AJMAN / WAM The Business Club licensing package by Ajman Media City Free Zone gives instant access to UAE and Arab region at the lowest investment and also gives freedom to focus on core business from day one, said Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone. “Business Club business set up package offers ...

ABU DHABI / WAM Adnoc Distribution has reported that net profit for the six months ended June 30, increased by 18 percent to AED1,124 million compared with the same period last year. According to a press statement, EBITDA grew by 30 percent to AED1,443 million, and gross profit rose by 24 percent to AED2,609 million. Free cash-flow generation was up ...

Dubai / Emirates Business Amanat Holdings, the GCC’s largest healthcare and education investment company, reported a net profit of AED27.9 million in H1 2018, delivering double-digit gro-wth of 12% over the same period last year. The strong half-yearly performance is underpinned by the firm’s active deployment of capital. Total revenue generated in the first half of 2018 reached AED51.9 million, ...

Ras Al Khaimah / WAM The Federal Tax Authority (FTA) has officially launched phase one of its “Tax Clinic” initiative, which seeks to maintain direct and constant communication with taxable businesses. For three months, the campaign will cover all seven emirates to raise tax awareness across the country, urging taxable businesses to register with the Authority and promoting compliance with ...

Munich / Emirates Business The BMW Group invested substantially in the mobility of the future during the first half of the year, while at the same time firmly continuing on its course of profitable growth. Rigorous implementation of the Group’s Strategy. The BMW Group has also set a decisive course for its future in China, the company’s largest growth market. ...