News

Dubai / WAM Investment Corporation of Dubai (ICD) has announced its consolidated financial results for year ended December 31, 2017, delivering record revenues of AED 200.9 billion and an improved net profit of AED24.6 billion. Revenues increased to AED200.9 billion, an increase of 13.8 percent from the prior year period, supported by higher revenues in the oil and gas and ...

HODEIDAH / WAM Arab Coalition Forces have destroyed a ballistic missile base belonging to Iranian-backed Houthi militias on the outskirts of the Al-Garahi district. Coalition forcers led by Saudi Arabia, and supported by UAE Armed Forces, targeted several positions and military machinery belonging to the Houthi militias, resulting in killing 47 militia elements and dozens of casualties. Yemeni resistance forces ...

ABU DHABI / Emirates Business A statement of cooperation has been signed by the CEO of Astana Financial Services Authority (AFSA) Stephen Glynn and Chief Executive of the Registration Authority of Abu Dhabi Global Market (ADGM) Dhaher Bin Dhaher Al Mheiri. The objective of the statement of cooperation is to work towards the attainment of the mutual understanding of legislative, ...

SHARJAH / WAM The University of Sharjah (UoS), and the National Petroleum Construction Company (NPCC) have signed a Memorandum of Understanding that aims to support and provide work, training, and professional development opportunities for the UAE national students. Hamid MK Al Naimiy, Chancellor of the University, str-essed that, due to the support and guidance of HH Dr Sheikh Sultan bin ...

DUBAI / Emirates Business The Middle East hospitality market witnessed a steady growth in occupancy during the first quarter of 2018, according to the latest EY Middle East Hotel Benchmark Survey Report. Except for Jeddah, Beirut, hotel occupancy across the Mena region saw an increase when compared to the first quarter of 2017. This increase was primarily due to a ...

MAKKAH / WAM President Abdrabbuh Mansour Hadi of Yemen received His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, to take a stock of the latest developments in Yemen, ongoing efforts to restore stability to all Yemeni territories and the delivery of humanitarian and relief assistance to the fraternal Yemeni people. His Highness ...

Sharjah / WAM Sharjah Media Corporation (SMC) has donated AED3 million to The Big Heart Foundation (TBHF) – a Sharjah-based humanitarian charity dedicated to helping refugees and people in need worldwide – to build a hospital in the Cox’s Bazar district of Bangladesh for Rohingya refugees. Within the first year, the hospital is expected to receive 7,200 inpatients and provide ...

Dubai / WAM Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills, said that the UAE will lead the advanced skills portfolio through its forward-looking approach and will be launching several projects and initiatives in this regard. The minister’s remarks came during the second season of the Dubai Future Academy’s ‘Pioneer Series’ ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), in collaboration with the Abu Dhabi Waste Management Centre, Tadweer, has destroyed two tonnes of foodstuff found expired or falling short of the health standards enforced in the UAE. The Public Health Division of the ADM has launched a campaign aimed at boosting public health and protecting community members against ...

Dubai / WAM The Licensing Agency of the Roads and Transport Authority in Dubai (RTA), will launch this July the ‘Reaching-out-to-Customer’ initiative in coordination with service providers, aiming to process several vehicle-related transactions that require the presence of the customer in person. The step is intended to enhance customers’ satisfaction by reaching out to them at their locations in Dubai ...