News

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and YES BANK have signed a Memorandum of Understanding (MoU), to further foster cross-border exchange between the FinTech (Financial technology) ecosystems of the UAE and India. The collaboration will enable fintech innovators from the Middle East region and India to apply into YES FinTech ...

Dubai / Emirates Business Revenues for properties listed on the online marketplace and hospitality platform, Airbnb, in Dubai during August 2015 and August 2017 increased by 421 percent to top $3.3million in August 2017, with listings nearly tripling to 3,249. The relaxation of rules, effectively making it possible for home owners and tenants to cut out the middleman and list ...

Abu Dhabi / WAM Up to 6,303 factories have been running investments worth more than AED103.1 billion in the UAE until the end of 2016, a top Ministry of Economy official told Emirates News Agency (WAM). “The food and beverage industry accounts for 30 percent of the total volume of the country’s industrial sector followed by the primary mineral industries ...

Abu Dhabi / WAM Etihad Airways will launch scheduled flights between Abu Dhabi and Baku, Azerbaijan, effective March 2, 2018. The new route is being introduced to capitalise on the strong and growing demand for flights between the UAE and Azerbaijan. The service will operate three times a week using a 136-seat Airbus A320, configured with 16 seats in Business ...

Dubai / Emirates Business Qantas and Emirates on Wednesday announced additional network changes under the joint partnership which provide customers with greater year round frequency and more services between Australia and New Zealand.* These changes reflect customer demand and the airlines’ respective network strengths and provide more options for customers to travel between Australia and New Zealand to Asia, the ...

Sharjah / WAM Sharjah International Airport received maiden flight of Rossiya Airlines from Saint Petersburg, Ekaterinburg in Russia. The Boeing 737-800 aircrafts will touch down every Sunday and Thursday at the airport. A reception was held for the aircraft crew and airline officials, hosted by Ali Salim Al Midfa, Chairman of Sharjah Airport Authority, and Sheikh Faisal bin Saoud Al ...

Abu Dhabi / Emirates Business Smart Business Expo, supported by Abu Dhabi Chamber of Commerce, will bring business owners and decision-makers together for a new business-to-business forum and supplier exhibition, catering specifically to the needs and solutions for SMEs from October 25-26 at Abu Dhabi National Exhibition Centre (ADNEC). With SMEs accounting for 94% of companies operating in the UAE ...

Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is gearing up for its inaugural global FinTech Abu Dhabi event which will be taking place in just ten more days on October 22-23. The FinTech Abu Dhabi Summit is a two-day by-invitation-only event that encompasses a high-level regulators’ roundtable, a global Innovation ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received the engineers who are working on various projects to develop the UAE’s educational facilities. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Education ...

Dubai / WAM The Federal Tax Authority (FTA), joined the e-Dirham system – a fully integrated electronic payment and revenue collection developed in partnership with First Abu Dhabi Bank- in a move that further strengthens the reach of the country’s official smart payment system. A document towards this effect has been signed on the sidelines of the now-running GITEX Technology ...