News

  Dubai / WAM Dubai Land Department (DLD), announced that it will be developing an action plan through its Rental Affairs Sector to regulate lease registrations in Dubai’s Freehold and Free Zone areas. The step is being taken to facilitate services in all of these areas for customers from all categories. The regulated action plan has the support of Dubai Investments ...

  Dubai / WAM A new incentive programme has been launched by the UAE Ministry of Energy to encourage motorists to opt for new zero-carbon-emission electric vehicles through easy bank loans. The announcement was made on Wednesday by the Ministry as part of its contribution to the Government Accelerators, an initiative for a solutions-based collaborat- ion among government, private sector and ...

  Dubai / WAM Jebel Ali Free Zone (Jafza), a subsidiary of DP World, has attracted 470 new companies during 2016 with a growth rate of 7 percent over the previous five years, DP World Group Chairman and CEO Sultan Ahmed bin Sulayem told a gathering of business leaders. The Multaqa Jafza 2017, a gathering of consultants, agents and legal firms ...

  Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation launched its Ramadan project for this year under which it will provide over 1.7 million Iftar meals in co-operation with 542 nationals’ families in 100 locations across the UAE. Mohamed Haji Al Khouri, Director-General of the foundation, congratulated the wise leadership on this occasion. He highlighted the fact that ...

  Abu Dhabi / WAM Prospects of business growth and development of a knowledge-based economy across the Arab gulf region were the crux of a meeting held on Wednesday in Riyadh and attended by GCC trade executives, with the UAE underlining the importance of safeguarding intellectual property patents and innovation, being a solid pillar for economic development. “The UAE strongly believes ...

  Abu Dhabi / WAM Finding a framework that balances between fundamental human rights and international efforts in combating cyber-terrorism is the overall theme of an anti-cyber terrorism conference to be hosted by Abu Dhabi on May 15-16 under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. The International Conference for ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Wednesday its financial results for the three-month period ending March 31. The company reported a net profit of AED 74 million for the period, an increase of 90% in profitability over the same period ...

  Dubai / Emirates Business The Dubai Financial Services Authority (DFSA) hosted an outreach session on the opportunities financial technology (FinTech) presents in the Middle East. The seminar was held jointly with the FinTech Hive at DIFC, Hawkamah Institute for Corporate Governance and the Middle East Investor Relations Association (MEIRA) on May 8. The event provided a forum to discuss ...

  Abu Dhabi / Emirates Business ADNOC Distribution announced a reduction of the retail price of unsubsidised LPG cylinders for the month of May 2017 in all service stations in the UAE. As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 45 per 25lb, reduced from the ...

  LONDON / Reuters Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, in its price-setting process. The suggestion marks a shift from two years ago when Shell said adding Urals would not be “worth the trouble”. ...