News

ABU DHABI / Reuters Dubai builder Arabtec said on Wednesday that it had swung to a net profit in the second quarter, boosted by profits from its investment in interior designer Depa as well as by cost-cutting. Arabtec made a net profit attributable to equity holders in the parent of 39.8 million dirhams in the three months to June 30, ...

CAIRO / WAM Egypt’s President Abdel-Fattah El-Sisi has agreed to the establishment of a joint development company between the General Authority for the Suez Canal Economic Zone and Dubai Ports to execute development projects in the Suez Canal area. He stressed that the Egyptian government will work on facilitating the completion of these projects as soon as possible.President El-Sisi met ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, met His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in Dubai. During the meeting, Their Highnesses discussed a number of national and regional issues ...

DUBAI / Emirates Business The UAE public sector is driving the country’s blockchain’s $300 million market to deliver fast and secure customer and citizen transactions, global blockchain enabler SAP announced. In contrast to business transactions with third parties like banks, blockchain sends records over a peer-to-peer network. With the inter-connected Internet of Things era advancing, UAE organizations are increasingly using ...

DUBAI / WAM The robust growth momentum of the non-oil private sector in Dubai was maintained in July, with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index, a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy, at 56.3 in July, broadly similar to 56.5 in June. The latest index reading ...

ABU DHABI / WAM As consumers around the world seek greener, cleaner and more efficient fuels, natural gas will play a bigger role in the global energy mix, according to a recent study by the International Association for Natural Gas (CEDIGAZ). This surge in demand will be a key topic at the Abu Dhabi International Petroleum Exhibition and Conference, ADIPEC, ...

SHARJAH / WAM Sharjah Department of e-Government (DeG), recently held a meeting with the Telecommunications Regulatory Authority (TRA) to identify areas of cooperation in the field of information security and data interchange coordination mechanisms, as part of its efforts to consolidate Sharjah government’s cyber security and data integration progress. During the meeting avenues of strategic collaboration in digital security, mitigating ...

DUBAI / WAM Halal Expo Dubai, the only dedicated exhibition focusing on all aspects of Halal products and services, have teamed up with Salaam Gateway, a global reference for industry intelligence, news, information needed by Islamic Economy professionals, to promote and attract foreign Halal investment into Dubai. The agreement will scale-up Halal Expo Dubai within UAE and to the global ...

DUBAI / WAM Up to 12 million travellers benefited from the streamlined customs services rendered by the Dubai International Airport during H1 2017, according to Dubai Customs statistics. Terminals 1, 2 and 3 processed roughly 18 million luggage items transited through the airport from 39,000 flights during the first half of 2017. The department also reported 360 seizures and conducted ...

DUBAI/ WAM Dubai Exports, the export promotion agency of Dubai Economy, received a delegation from India led by Sadhvi Niranjan Jyoti, Minister of State for Food Processing, who was in the UAE as part of the preparations for the ‘World Food India 2017,’ India’s largest event for the food processing and allied sectors, to be held from November 3-5 this ...