News

  Bloomberg Singapore forecasts slower growth in tourist arrivals this year, citing global economic and political uncertainties and stiffer competition from neighbors in the region. Visitors may increase zero percent to 2 percent in 2017, according to the Singapore Tourism Board. Growth was 7.7 percent last year with a record 16.4 million tourists led by visitors from China, India and ...

  ABU DHABI / WAM The Ministry of Finance (MoF) signed two final agreements on the avoidance of double taxation and the protection and promotion of investment with Burundi. The agreements came as part of the Ministry’s strategy to expand its international relations and to protect and promote Emirati investments. The agreement was signed by Obaid Humaid Al Tayer, Minister ...

  Dubai / WAM Dubai Financial Market (DFM) announced on Thursday that its UAE listed companies have shown a 100% compliance to disclose their preliminary results for the financial year 2016 within the deadline of 45 days from the end of the year in line with the regulations of the Securities and Commodities Authority (SCA). As much as 48 UAE ...

  Dubai / WAM Strategic partners are on top of Dubai Airports priorities regarding its strategic plan 2017-2025 to achieve their aspirations of making Dubai International Airport an international model in service and satisfying customers in compliance with the UAE government’s directives, said Majed Al Joker, Senior Vice President of Dubai Airports for Corporate Assurance and Governance. Al Joker praised the ...

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) and the Malta Financial Services Authority (MFSA) have signed a Memorandum of Understanding to reinforce regulatory cooperation for the supervision of financial institutions, to facilitate joint collaboration and exchange of information as well as support cross border activities. The MoU was signed on February, 2 by Joseph V. Bannister, Chairman of ...

  Dubai / WAM Vice President, Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, issued Decree No. (3) of 2017 on the formation of the Board of Directors of Dubai World under the chairmanship of His Highness Sheikh Ahmed bin Saeed Al Maktoum. The new board includes Mohammad Ibrahim Al Shaibani, ...

  Abu Dhabi / WAM The total trade in Abu Dhabi of pearls, precious stones and precious metals reached AED13.3 billion during the first 11 months of 2016, according to the most recent statistics on non-oil-related commodities from its land, sea and airports. According to traders in the sector, the trade increase in pearls, precious stones and precious metals reflected the ...

  Dubai / WAM The 13th edition of the International Defence Exhibition and Conference (IDEX 2017) and the fourth edition of the Naval Defence Exhibition (NAVDEX 2017) are set to draw the participation of 1,235 specialised local and international companies in the defence industry. This represents a three per cent growth compared to 2015, when 1,200 companies attended. Organised under the ...

  Dubai / WAM The Roads and Transport Authority (RTA) of Dubai, completed the second phase of the training programme called “Audit Licence Programme.” RTA completed the first phase of training last April. The programme aims to make employees aware of the importance of internal audit and groom them for practising internal monitoring within their respective organisations by furnishing them with ...

  Abu Dhabi / WAM National Drilling Company (NDC), an ADNOC Group company, celebrated the inauguration of its new state-of-the-art jack-up rig, Al Hudairiyat, in the Hamriyah Free Zone in Sharjah. This raises the number of new offshore rigs acquired by NDC and manufactured in the UAE by Lamprell plc, a UAE-based company, to eight as part of a series of ...