News

ABU DHABI / WAM Mohammed Thani Murshid Al Rumaithi, Chairman of the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry, praised the decisions of the UAE Cabinet related to the full ownership of Emirati companies by international investors and companies. This move will encourage more international companies to do business in the UAE and benefit from ...

Bloomberg Sony Corp. is buying EMI Music Publishing, getting its hands on a catalog of 2.1 million songs from Beyonce, Carole King and other artists as it embarks on a new growth plan built on content and services. The Japanese company will buy about 60 percent equity interest from a consortium led by from Mubadala Investment Co. for about $2 ...

ABU DHABI / WAM The actual expenditure of UAE federal government departments amounted to AED48.572 billion during 2017, with a 100 percent execution rate, according to the financial performance report issued by the Ministry of Finance. Spending on the general public services sector reached around AED16.190 billion, accounting for 33.3 percent of total expenditurein 2017, with the public order and ...

DUBAI / WAM The Dubai Financial Market (DFM) and Nasdaq Dubai have been certified with the ‘ISO 22301: 2012’ for Business Continuity Management System (BCMS), from Lloyd’s Register Quality Assurance (LRQA). The certificate is a key standard for business continuity that recognises the effectiveness of the system’s design and application in response to disaster recovery when facing any disruptive events. ...

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 said the UAE, in cooperation with other Arab and Muslim countries as well as religious scholars, is forging ahead with its efforts to promote the quintessential Islamic values and principles of peaceful co-existence, ...

Dubai / WAM The Emirates Centre for Transport and Leasing of Emirates Transport (ET), has completed a series of new and renewed three- to five-year contracts signed in April with major customers from the government and private sectors, which are valued at around AED60 million. Tariq AlSedawi, Manager of the Centre, stated that the ET’s expertise and accomplishments, its commitment ...

SHARJAH / WAM Sharjah Healthcare City Authority (SHCC), in a press briefing on Tuesday announced that the Abu Dhabi based Ahalia Group has been awarded the permission to set up a $100 million, 120 bed hospital. This multi-specialty hospital spread across 50,000 square meters is the very first hospital to set its footprint within the mega healthcare city. Ahalia Group ...

Abu Dhabi / WAM The number of cyber-attacks against websites in the UAE during the first four months of the current year reached 155, compared to 297 attacks during the same period of 2017, a decline of 48 percent. The decrease from January to April reflects the significant success of the “National IT Emergency Response Team” of the Telecommunications Regulatory ...

ABU DHABI / WAM Etihad Aviation Group (EAG) announced the launch a community programme that will deliver 400 meals per day to charity. The initiative will be held throughout 2018 and beyond, with approximately 150,000 meals to be donated every year. As part of its sustainability and corporate social responsibility efforts, the Abu Dhabi-based airline has teamed up with the Grace ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), in Dubai, has inaugurated Garhoud Workshop for Marine Transit Means. The total cost of the project amounted to AED42 million. The facility spans an area of 5000 sqm and comprises 5 workshops, 3 stores, boat lifting crane, marine/external works ...