News

  ABU DHABI / WAM The total value of non-oil trade between Abu Dhabi and Saudi Arabia reached AED17 billion in 11 months during 2016, based on statistics that focussed mainly on the imports through Abu Dhabi’s land, sea, and airports. According to the official statistics, Saudi Arabia came in second place on the list of the countries that traded ...

  ABU DHABI / WAM The MENA region’s finance elite converged on Abu Dhabi to discuss the region’s role in the global economy and international factors shaping the region’s investment landscape. With the UK’s vote to leave the European Union just starting to set in and a new republican administration in the White House, two of the world’s largest economies ...

  ABU DHABI / WAM An AED29.7 million 33/11 kilovolt power station was inaugurated in Tawyeen in the Emirate of Fujairah as part of the Federal Electricity and Water Authority’s (FEWA) plans to meet growing demand for electricity arising from urban, demographic and economic expansion. Mohammed Mohammed Saleh, Director-General of FEWA, said the new 75 MV plant would serve residential ...

  Dubai / Emirates Business Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly approved the distribution of 45 fils per share as cash dividend for 2016, maintaining the strong return to shareholders since it embarked on a growth agenda three years ago. The assembly also approved the bank’s 2016 financial statements. ...

  Abu Dhabi / Emirates Business Emirates Global Aluminium has become the first Middle East-headquartered aluminium company to join the Aluminium Stewardship Initiative, which brings the world’s leading mining and metals companies together with household-name aluminium customers to set global standards for governance, environmental and social responsibility. EGA invested almost US$1 billion since 2010 in environmental technologies and facilities to ...

  DUBAI / Emirates Business The Dubai Future Academy (DFA) launched its first training program – the Future Design Diploma – in its Office of the Future in Dubai, the world’s first 3D-printed office. The program is designed to develop participants’ future forecasting and planning skills, and to render organizations more future-ready. High-ranking executives are set to take part in ...

  DUBAI / Emirates Business ZOOM launched an exciting promotion across its stores in Dubai Metro offering 60 lucky customers the chance to win free Dubai Metro rides for a year. Customers who spend AED20 or more at ZOOM Dubai Metro Stores can win a NoL card charged with AED3,100. Promotion started on February 19 and will continue until April ...

  DUBAI / Emirates Business Malabar Gold & Diamonds, one of the BIG 5 jewellery retailers globally announced the details of its latest offering ‘Studs & Drops Festival’ at their outlets in UAE, Oman, Kuwait, Qatar, KSA & Singapore showcasing an extensive collection of earrings, giving their customers a unique chance to witness and own earrings from over 20 countries ...

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Thursday attended the Second International Forum of Islamic Banking Fiqh (IBF) at Sharjah University’s Khor Fakkan campus. “Since the opening of Sharjah Islamic Centre for the Study of Economics and Finance in Sharjah University, we have strived towards achieving the ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding with Emirates Transport to provide the Ministry with electric-powered vehicles. The MoU comes as part of MoF’s commitment to support sustainable energy resources in line with UAE Vision 2021, which stresses the importance of the government working to ensure the continuity of sustainable development, to preserve ...