News

DUBAI / Emirates Business Shuaa Capital on Sunday announced its Q1 financial results, with the firm maint- aining profitability. While group total revenues increased 4% to settle at AED 33.2 million (Q1 2017: AED 31.8 million), profits retreated to the AED 11.7 million mark (Q1 2017: AED 24.8 million) primarily as a result of lower interest income from its lending ...

DUBAI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) has signed Memorandums of Understanding (MoU) with several national consultancy firms, with the aim of strengthening their cooperation and supporting the flow of foreign investment to the country. The signing of the MoUs took place on Sunday at the ministry’s office in Dubai, and the list of consultancy ...

ISLAMABAD / WAM The UAE and Pakistan have signed a $200 million cooperation agreement to execute Phase III of the UAE Pakistan Assistance Programme (UAE PAP). The signing comes in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, under the support of Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group, will inaugurate the Airport Show, the world’s largest annual B2B airport industry event, on Monday. When the Airport Show opens on over 15,000 square meters of space across three halls of the iconic Dubai International Convention and ...

Dubai / Emirates Business Etisalat on Sunday announced the achievement of a major milestone at Expo 2020 Dubai with the completion of the first phase of construction of two state-of-the-art Points of Presence (PoPs) that will play a critical role as the main interconnection point for the provision of services to the entire Expo 2020 site as well as serve ...

VILNIUS / WAM Prospects of promoting bilateral relations between the two countries were the underlying topic of discussion of the meeting Sultan bin Saeed Al Mansouri, Minister of Economy, had with his Lithuanian counterpart, Virginijus Sinkevicius, with special emphasis on Lithuania’s participation in the EXPO Dubai 2020. The Lithuanian minister said the UAE is the second trade partner of Lithuania ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry is leading a delegation of the UAE traders to Baltic states between May 6-11 to explore new trade and investment opportunities in the region. The roadshow, joined by senior Chamber officials and several businessmen representing leading UAE companies, include visits to Estonia, Latvia and Lithuania where delegates will meet with ...

AJMAN / WAM The Department of Economic Development (DED Ajman), transferred several core services to the Taajeel Centre, at Sheikh Zayed Road in Ajman. This comes in line with DED’s continuous efforts to achieve its strategic objectives and enhance the level of services provided to investors through partnership with various governmental and private entities. Saud Sultan Alshimmari, Director of Commercial ...

Abu Dhabi / Emirates Business In presence of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, as well as a number of senior Abu Dhabi government officials and industry leaders from the private sector, Al Farwaniya Property Developments celebrated laying the foundation stone on Sunday for Reem Mall, the (AED4.41 billion) $1.2 billion project located on Reem ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), stressed that the declaration made by the Supreme Council, under the presidency of the late Sheikh Zayed bin Sultan Al Nahyan, on May 6, 1976, to ...