News

DUBAI / Emirates Business Amanat Holdings announced its results for the first quarter ending on March 31. Amanat recorded a net profit of AED 14.4 million, an 11% increase compared to same period in 2017. Total income rose to AED 28.3 million rising 12% compared to same period in 2017. This positive performance was mainly driven by a robust increase ...

DUBAI / WAM DP World UAE Region, including Jebel Ali Free Zone (Jafza) has reaffirmed its position as the region’s top trade and logistics hub by generating 29.4 million metric tonnes (MT) of trade, valued at $83.1 billion in 2017. The figures contribute 23 percent to the total value of trade in Dubai, 70 percent of the value of all ...

Dubai / WAM Emirates Development Bank (EDB) board of directors has held its third meeting of 2018, chaired by Obaid Humaid Al Tayer, Minister of State for Financial Affairs and Chairman of the EDB Board of Directors. During the meeting, the board discussed various items on the agenda, making numerous decisions and implementing the recommendations previously taken by the executive ...

Dubai / WAM Dubai Tourism forged a strategic alliance with China’s internet conglomerate, Tencent to elevate the positioning of Dubai as the preferred destination for Chinese travellers, and enhancing their holistic experience across the city. The agreement will result in ecosystem-wide strategies spanning the Tencent network to expand Dubai Tourism’s marketing reach and penetration within China — one of the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that ‘Area 2071’ is a bridge to the future, and a platform to implement the UAE’s model for future design; and reflects UAE Centennial 2071 objectives for a better life for future generations with more opportunities ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday attended the graduation ceremony of the fifth batch of the National Defence College in Abu Dhabi. The graduation ceremony was also attended by Deputy Prime Minister and Minister of the Interior HH Lt. General Sheikh Saif ...

Abu Dhabi / WAM As part of the launch of the Abu Dhabi National Oil Company’s (Adnoc), new Downstream strategy at the ADNOC Downstream Investment Forum, over 200 senior energy, petrochemical and private sector leaders and CEOs toured the Ruwais Industrial Complex and Ruwais City, where they viewed existing facilities and key assets and were briefed on a number of ...

Abu Dhabi / WAM The United Arab Emirates, represented by the Emirates Authority for Standardisation and Metrology (ESMA), and the National Accreditation System (ENAS), signed two Memoranda of Understanding (MoUs), with the UK Accreditations Services (UKAS). The MoUs will provide accreditation to Halal certification partners for products in the United Kingdom and Europe, according to the UAE requirements for Halal. ...

Dubai / WAM The Enoc Group hosted the first Retail Fuel Industry Safety Conference in Dubai, to discuss the best industry safety practices and potential challenges within fuel retail operations. The event was inaugurated by Dr. Matar Al Neyadi, Under-Secretary of the UAE Ministry of Energy. The conference was attended by key strategic partners and federal authorities including representatives from ...

WASHINGTON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, began a visit to Washington, DC, meeting with US Secretary of State Mike Pompeo and White House National Security Advisor John Bolton. Sheikh Abdullah and the US officials reinforced the close bilateral cooperation and partnership on a range of strategic, security and ...