News

ADGM, ADNIC join hands to enhance fintech ecosystem

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), has marked a new partnership with Abu Dhabi National Insurance Company (ADNIC), to seek opportunities to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem in Abu Dhabi and the UAE. The MoU was signed by Ahmad Idris, Chief Executive Officer at ADNIC, and ...

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Travellers to get visa on arrival in Abu Dhabi within 30 minutes

Abu Dhabi / WAM The Department of Culture and Tourism in Abu Dhabi, Abu Dhabi Airports, Etihad Airways and the Abu Dhabi General Directorate of Residence and Foreigners Affairs, announced today the launch of a new visa counter to facilitate the visa application process and grant both transit and arriving passengers visas to Abu Dhabi within 15 to 30 minutes. ...

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Passenger traffic at DXB rises 6.9% in October

Dubai / WAM Dubai International (DXB), welcomed 6.9 million passengers in October, according to the monthly traffic report issued on Monday by operator Dubai Airports. Passenger traffic at the DXB reached 6,865,296 in October compared to 6,420,208 recorded in the corresponding month last year, an increase of 6.9%. Year to date, passenger numbers at airport risen 5.9% to 73,433,846 compared ...

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AMAF donates AED400,000 to MRHE

Dubai / WAM Awqaf and Minors Affairs Foundation (AMAF), donated AED400,000 to the Mohammed bin Rashid Housing Establishment, MRHE, to help provide affordable housing solutions for individuals in need. Tayeb Al-Rais, Secretary-General of the AMAF, handed over the cheque to Mohammed Humaid Al Marri, Assistant Chief Executive Officer of Finance and Corporate Support at the MRHE in Dubai. The donation ...

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‘Our federal experience a source of pride, model of stability’

Abu Dhabi / WAM The UAE’s female foreign ambassadors have emphasised that the country’s federal experience is well-established and has become a source of pride, a model of stability and an example of prosperity. In statements to the Emirates News Agency (WAM), on the occasion of the country’s 46th National Day, the ambassadors said that the success of the UAE’s ...

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Islamic finance assets to surge to $3.8trn

Dubai / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Monday published the outcomes of the State of the Global Islamic Economy Report 2017-2018 titled ‘Outpacing the Mainstream’. The report is issued annually by DIEDC in collaboration with Thomson Reuters. The findings were released on the sidelines of the fifth edition of the Islamic Economy Award, held under ...

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ADX holds second annual forum for listed companies this year

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), held its second annual forum for listed companies in this year, at Waldorf Astoria in Ras Al Khaimah. The forum was attended by representatives from ADX’s listed companies as well as members of the exchange’s senior management. It aimed to introduce and keep partners up-to-date with the latest services and ...

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Smart Dubai, Dubai Police launch ‘Happy to Pay’ App

DUBAI / WAM As part of the Happiness Agenda that was launched in May 2016 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, Smart Dubai Office and Dubai Police on Monday announced a collaboration aimed towards enhancing public participation and the levels of happiness in Dubai. The project, ‘Happy ...

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Indian Property Show to present ‘Best of India’ in Dubai

DUBAI / Emirates Business The popular Indian real estate exhibition, the Indian Property Show which has been instrumental in fulfilling dreams of millions of NRIs across the globe, is presenting Best of India in its 21st Dubai edition. The Indian Property Show has partnered with CREDAI (The Confederation of Real Estate Developers’ Associations of India), the apex body of private ...

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China’s LNG prices highest since 2011 as winter demand soars

BEIJING / Reuters China’s domestic prices for liquefied natural gas (LNG) on Monday topped 7,000 yuan ($1,061) a tonne, highest since at least 2011, as demand soared with millions of homes burning gas for the winter instead of coal. Wholesale LNG prices have gained more than half their value from mid-November, meaning the jump in prices has come less than ...

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