News

  DUBAI / WAM Africa Finance Corporation (AFC) has carried out a 150 million US dollar Islamic financing transaction on the Murabaha platform of Nasdaq Dubai, the international financial exchange serving the Middle East and Africa. The transaction was executed to facilitate the issuance by AFC of a 150 million US dollar Sukuk, which was the first US dollar Sukuk ...

  ABU DHABI / WAM Abu Dhabi General Services Company Musanada announced the progress of infrastructure works of the Emirati District project in Madinat Zayed – Abu Dhabi within blocks 3, 4 and A2 according to the set plan. Suwaidan Rashed Al Dhaheri, Acting Chief Executive Official in Abu Dhabi General Services Company “Musanada” stated that the Emirati District’s infrastructure ...

  VIENNA / WAM OPEC and Non-OPEC countries are on target towards full conformity with their adjustments in oil production, revealed the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC), according to a report by the Joint OPEC-Non-OPEC Technical Committee (JTC). ‘‘OPEC and Non-OPEC producers achieved a conformity level of 86 percent,’’ the JTC said. The JTC, a technical sub-committee of the ...

  DUBAI / Emirates Business Dubai Wholesale City, a global integrated wholesale trading hub and member of TECOM Group, has announced the launch of light industrial units and refrigerated warehouses at Dubai Industrial Park, the dedicated industrial hub within Dubai Wholesale City, at Gulfood 2017. In line with its participation at the premier global annual food expo, at the Dubai ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, approved the award of a contract for the improvement of Tripoli Road in a 12 km stretch to provide a link between the Sheikh Mohammed bin Zayed Road and the Emirates Road at a cost of AED500 million. ...

  Dubai / WAM Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the emirate’s maritime sector, will be presenting an integrated portfolio of the maritime licensing services at the Dubai International Boat Show 2017. The event will kick off on February 28 and will run till March 4 at the Dubai International ...

  Tunis / WAM A visa-issuance centre for the UAE Embassy in the Tunisian capital was inaugurated by Ambassador of the UAE to Tunisia Salim Eisa Al Qatam Al Zaabi. The UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has a keen interest in promoting and enhancing bilateral relations between the two countries, the ambassador said in ...

  Ajman / Emirates Business The Ajman Chamber of Commerce & Industry (ACCI) and INDEX Conferences & Exhibitions, a member of INDEX Holding, have signed a Memorandum of Understanding (MoU) to develop a preliminary study for Ajman International Convention & Exhibition Centre Project that will extend on an area of one million square feet. The project will include exhibition and conference ...

  DUBAI, SHARJAH, RAL AL KHAIMAH / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday extended his condolences to the families of martyred UAE servicemen Sulaiman Mohammed Al Dhuhouri and Nader Mubarak Eisa Sulaiman, and the martyred UAE ambassador to Afghanistan, Juma Mohammed ...

  Dubai / WAM Dubai Holding announced on Saturday the financial results of its business group, Dubai Holding Commercial Operations Group (The Group), for the year ended December 31, 2016. The Group continued to see good operational progress with all businesses performing well and contributing to Group profitability. Net profit increased to AED 6.32 billion, up 8% from AED 5.83 billion, ...