News

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, has established a $1 billion multi-currency Certificate of Deposit Programme (CD programme) in Hong Kong. The CD programme, which aims to provide access to new liquidity pools in Asia-Pacific, is offered in multiple currencies. The launch of the programme highlights Mashreq’s growth in Asian markets given the positive momentum ...

Dubai / Emirates Business Emirates SkyCargo, the world’s largest international cargo airline, has launched Emirates AOG – a new airfreight product designed for transporting aircraft parts quickly across the globe. Every day, spare parts are airfreighted at short notice to help repair aircraft that have been stranded due to technical reasons and lack of availability of the right spare part. ...

Dubai / Emirates Business Global air services provider dnata on Wednesday announced it has signed an agreement to acquire Qantas’ catering businesses. The agreement is subject to approval from the Australian Competition and Consumer Commission (ACCC). Qantas’ catering businesses include wholly-owned subsidiaries Q Catering Limited and Snap Fresh Pty Limited. Q Catering has centres in four Australian ports – Sydney, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Wednesday the Director of the US Federal Bureau of Investigation (FBI), Christopher A. Wray. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, was also present during the meeting. His Highness Sheikh ...

Abu Dhabi / WAM The UAE Cabinet reviewed the achievements of the national media sector and its contribution to UAE’s development and the Government’s objectives of UAE Centennial Strategy 2071. The Cabinet approved the formation of the Board of Directors of the National Media Council (NMC), in line with the government’s continuous efforts to enhance working methods and performance. The ...

Abu Dhabi / WAM Saturday, April 14, has been declared an official paid holiday for all workers in the UAE’s private sector establishments, institutions and companies, to mark Al Isra’a Wal Mi’raj. The declaration was announced in a note issued by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, to implement a related decision by the UAE ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, asserted that the UAE has chosen to adopt the development of ‘Future Industry’ in various aspects as means of development on its way of becoming a world leader in adopting technology. Comments by His Highness Sheikh ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, is spearheading a delegation from Abu Dhabi at this year’s Riyadh Travel Fair, till April 13 in Saudi Arabia’s capital. Now in its 10th edition, the trade show plays a strategic role in gathering major travel, tourism, and hospitality decision-makers from both the public and private sectors ...

Dubai / WAM Tax compliance in the UAE is one of the highest in the world, as 98.8 percent of all businesses and groups registered for Value Added Tax (VAT), have complied with submitting their Tax Returns on time, where the rate increased after follow-ups from the Federal Tax Authority (FTA), asserted Khalid Ali Al Bustani, Director-General of the FTA. ...

Abu Dhabi / WAM Khalifa Port has surpassed 8.6 million continuous manpower hours since the last Lost Time Incident (LTI), in August 2015. Under the guidance of Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Khalifa Port has become a beacon for health and safety best practices in ...