News

DUBAI / WAM The Roads and Transport Authority (RTA) awarded two contracts worth AED1.3 billion for phases 3 and 4 of roads leading to Expo 2020 project. The project is intended to ensure a smooth flow of traffic to serve exhibition visitors as well as future projects in the area. The latest announcement comes as per the directives of His ...

Abu Dhabi / WAM Emirati banks are continuing to focus their investment activities on securities, which raised the total balance of their investment in the sector to AED69.3 billion at the end of February 2018, an increase of AED6.8 billion compared with December 2017. According to experts in the banking sector, the banks are continuing to increase their level of ...

DUBAI / WAM Marwan bin Ghalita, First Deputy to the Federal National Council (FNC) Speaker, met a Brazilian Parliamentary delegation led by Senator Collor Fernando, Chairman of the Foreign Relations and National Defence Committee in the Brazilian Senate and Former President of Brazil. During the meeting that took place on Sunday in Dubai, the two sides discussed ways of promoting ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 100 percent reg- arding the disclosure of the annual financial statements of its 69 listed public and private joint stock companies within the deadline of 90 days from the end of the fiscal period. All public and private joint stock ...

DUBAI / WAM Dubai’s external trade in hardware and tools reached AED4.8 billion in 2017, with imports standing at AED3.4 billion, re-exports at AED1.36 billion, and exports at AED30 million, according to the latest figures released by Dubai Customs ahead of Hardware and Tools Middle East 2018, the region’s only trade fair dedicated solely to tools, hardware, materials and machinery. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that enhancing advanced sciences environment in the UAE is the best investment in building the future, and key tool to implement creative ideas. His Highness’ remarks were made as he launched the National Advanced Science Agenda 2031. The ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued Law No. 03 of 2018, which partially amends Law No. 12 of 2016 pertaining to the regulation of the security industry in Dubai. The new Law amends Article No. 21 of Law No. 12 of 2016. Pursuant to ...

Dubai / WAM As part of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, the Dubai Future Foundation (DFF), launched the second phase of Dubai 10X Initiative. The initiative was first launched in February 2017, with the stated aim of making Dubai a world capital of innovation within the ...

Dubai / WAM The Beit Al Khair Association has spent AED14.4 million in 2017, including AED10,955,800 on an orphans’ fund, with the aim of funding their education and providing them with social activities. The association spent AED3,529,902 to pay for entertainment, cultural trips and activities, and donated money to fund Eid Al-Fitr and Eid Al-Adha feasts, as well as purchasing ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), is continuing to assist in the transfer of property units to owners, as part of the implementation of Real Estate Law No. 03 of 2015. This move reflects ADM’s desire to stabilise and revitalise the real estate market, protect the rights of all parties, and promote investment and development. According ...