News

ADGM brings in enhanced prudential regime for ‘firms’

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) will publish and ‘go live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which was completed on December 7, 2017. The new enhancements cover the prudential supervision of banks, insurance ...

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EGA achieves 37.6% Emiratisation

DUBAI / Emirates Business Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, finished the year with 37.6 percent Emiratisation, exceeding its 2017 target and reaching the highest level of Emiratisation at the company since its formation in 2014 through the merger of DUBAL and EMAL. EGA is targeting 40 per cent Emiratisation ...

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Abu Dhabi to house ‘The Founder’s Memorial’

Abu Dhabi / WAM A permanent tribute to the nation’s founding father, Sheikh Zayed bin Sultan Al Nahyan, has been named, ‘The Founder’s Memorial’ by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Set to be inaugurated in early 2018 to coincide with the Year of Zayed and ...

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ERC praises Mohamed for his support

Abu Dhabi / WAM The Emirates Red Crescent (ERC), praised the generous support of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for its development programmes and projects. The ERC affirmed that Sheikh Mohamed’s initiatives have promoted its capacities as one of the most efficient, influential regional ...

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Mohamed follows same approach as founder of UAE: Sharjah Crown Prince

Sharjah / WAM His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, has said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, follows the same approach as the founder of the country, the late Sheikh Zayed bin ...

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Sharjah completes phase one of ‘Tabadol’ project

Sharjah / WAM After eight months of launching its data and information sharing platform, ‘Tabadol’ (exchange) to enhance communication and statistical gathering systems in the emirate, the Sharjah Department of Statistics and Community Development (DSCD), announced the successful completion of the project’s preparatory phase. The initiative was rolled out in collaboration with six local government departments to design an intelligent ...

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Etisalat’s recharge cards price unchanged

Dubai / Emirates Business Etisalat on Wednesday clarified that it had not increased the prices of prepaid recharge cards after the implementation of VAT in the UAE. “Etisalat has introduced five denominations of recharge cards sold at AED30, AED55, AED110, AED210 and AED525 to ensure customers have sufficient credit to subscribe to existing data and combo packages after adding 5% ...

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Empower provides district cooling to 17% Dubai hotels

Dubai / WAM Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, has revealed that it currently supplies its highly efficient district cooling services to 17 percent of the 674 hotels located in the emirate of Dubai. The total number of hotels was recently released by the Department of Tourism and Commerce Marketing (DTCM), the principal ...

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‘My Emirates Pass’ to make Dubai more attractive this winter season

DUBAI / Emirates Business Emirates is extending its popular My Emirates Pass programme to customers visiting Dubai this winter season. The programme gives Emirates customers exclusive offers and discounts across the city by turning the Emirates boarding pass into an exclusive membership card. Those flying to or through Dubai between January 1 and March 31 can take advantage of a ...

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