News

  Dubai / WAM Dubai Chamber of Commerce and Industry (DCCI) honoured top performing SME exporters. The companies were recognised for demonstrating outstanding export performance during the last nine months of 2016 in the following categories: company with the highest export value, company with the highest number of export markets, company with the highest number of Certificates of Origin issued, and ...

  Dubai / WAM Experts from the governance, risk and compliance, GRC, communities across the MENA region will converge in Dubai next week for a dialogue with neighbouring countries that share the same risks, challenges and regulatory outlook, at the 11th Annual MENA Regulatory Summit. Co-hosted by the Dubai Financial Services Authority (DFSA) and Thomson Reuters on February 5-6, the summit ...

  Dubai / WAM Dubai’s low-cost carrier flydubai reported total profits of AED31.6 million ($8.6 million) in 2016 with total revenue reaching AED5 billion ($1.36 billion), jumping 2.4 percent compared to the same period in 2015. The airline also recorded a 14.4 per cent increase in passenger numbers last year, carrying 10.4 million passengers over a 12-month period compared to 9.04 ...

  Bloomberg Obamacare looks like it’s going away. Until that happens, big health insurers aren’t sure what to do with it. Republicans and President Donald Trump haven’t given details on how they’ll repeal and replace the Affordable Care Act. Uncertainty about the law, which covers millions of Americans, has left companies trying to figure out if they’re better off stuck ...

  Bloomberg Workers at BHP Billiton Ltd.’s Escondida copper mine in Chile have voted against the company’s latest wage offer, opening the door for a strike and potentially heralding a wave of stoppages at global suppliers after a rally. Prices rose above $6,000 a metric ton in London. Some 99 percent of members voted in favor of a strike, which ...

  Bloomberg Volkswagen has agreed to pay at least $1.2 billion in buybacks and compensation to settle claims from US owners of cars with larger diesel engines that the company rigged to cheat on emissions tests. And the German automaker could pay even more — as much as $4 billion — if it can’t repair many of the cars in ...

  Abu Dhabi / Emirates Business FGB, one of the leading banks in the UAE and the largest by market capitalisation, achieved a record group net profit of AED 6.03 billion for the full year 2016, compared to AED 6.01 billion in 2015, marking its 17th consecutive year of consistent growth in profitability. Full year 2016 Earnings Per Share amounted ...

  DUBAI / WAM The Dubai Islamic Economy Development Centre (DIEDC) launched its enhanced Islamic Economy Strategy for 2017-2021 under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the Dubai Capital of Islamic Economy initiative. Making the announcement, Sheikh Hamdan said that ...

  ABU DHABI / WAM The Executive Committee of Abu Dhabi Executive Council approved a number of projects listed in Abu Dhabi Plan, at a total cost of AED304 million. During a meeting held on Tuesday under the chairmanship of Saeed Eid Al Ghafli, the committee approved a project to develop infrastructure for an intelligent transportation system in Al Ain ...

  ABU DHABI / WAM An increased participation, interest and engagement from specialised international marine based companies is expected at the Naval Defence Exhibition (NAVDEX 2017) to be held in Abu Dhabi in conjunction with the International Defence Exhibition and Conference (IDEX). Organised by ADNEC, in collaboration with UAE Armed Forces under the patronage of His Highness Sheikh Khalifa bin ...