News

  ABU DHABI / WAM Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that total Islamic banking assets in the UAE have increased to approximately AED520 billion in the past few years. Al Shamsi added that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total ...

  DUBAI / WAM In line with preparing the draft of the federal budget for the fiscal year 2018, which covers the second year in the five-year plan for 2017-2021, H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance (MoF), issued the financial circular No. (1) of 2017 concerning the preparation of the draft ...

  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, on Thursday attended the Hosn Al Ittihad (Union Fortress), a public live military demonstration involving all branches of the UAE Armed Forces, held at Abu Dhabi’s Corniche. HH the Crown Prince was flanked by ...

  Abu Dhabi / WAM Etisalat Group and Qualcomm Technologies Inc. have on Thursday signed a strategic agreement to work together to advance the development of next generation network technologies. The collaboration will focus on accelerating 5G standardisation to bring forward the possibility of commercially available 5G networks as early as 2019. As part of the agreement, the two companies will ...

  Abu Dhabi / WAM The 15th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will be held from September, 12-16 at Abu Dhabi National Exhibition Centre (ADNEC). The event will be held under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and Chairman of the Emirates Falconers Club. The ...

  Dubai / WAM Daily volumes on the Dubai Gold and Commodities Exchange (DGCX) in February traded 62,844 contracts per day. Trading activity on the exchange’s Indian products remained consistent on the back of increased volatility in Indian markets due to the Union Budget announcement made at the beginning of the month and the ongoing state elections. The DGCX Indian product ...

  DUBAI / WAM Representatives from the UAE’s Ministry of Economy and the Federal Democratic Republic of Ethiopia, have discussed the means of developing future economic ties to boost levels of trade, promote bilateral investments and encourage the UAE business sector to explore potential economic opportunities in Ethiopia, notably in commerce, industry, tourism and agricultural investment sectors. The meeting was attended ...

  Dubai / WAM Al Futtaim Carillion, a Dubai-based company, will be the main contractor for the key development of the three Theme Districts at Expo 2020 Dubai. The AED2.2 billion contract announced on Thursday is the first of AED 11 billion worth of construction contracts that Expo 2020 Dubai plans to award in 2017. Expo’s three Theme Districts will be ...

  Sharjah / WAM His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Thursday, the Art For All Centre- Falaj of Sharjah City for Humanitarian Services (SCHS), located at Sharjah Heritage Square in The Heart of Sharjah area. Upon his arrival, His Highness signed the memorial board plaques, which is distinguished by ...

  Dubai / WAM Ireland voiced its interest in making Dubai the re-export hub of Irish food and dairy products. Michael Creed, Ireland’s Minister for Agriculture, Food and the Marine discussed this proposal in a meeting with Eng. Hussain Nasser Lootah, Director-General of the Dubai Municipality, on Thursday at the municipality’s headquarters. Praising the relations between the UAE and the Republic ...