News

  Dubai / WAM Middle Eastern investment banking fees reached US$820.8 million during 2016, an 18 per cent increase compared to fees recorded during 2015 and the highest annual fee total in the region since 2008, according to the annual investment banking analysis for the Middle East region, by leading business information provider Thomson Reuters. “Bolstered by Saudi Arabia’s $17.2 billion ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) participated in the Second Annual Under-Secretaries of Arab Ministries of Finance meeting which commenced in Abu Dhabi. The meeting, which was organised by the Arab Monetary Fund, AMF, in cooperation with the MoF, was attended by Younis Haji Al Khoori, Under-Secretary of MoF, and Khalid Ali Al Bustani, Assistant Under-Secretary for ...

  Dubai / WAM Mohammed Abdullah Al Jarman, General Manager of Emirates Transport (ET) launched a demonstration version of a smart application that will enable drivers to request roadside assistance in the event of a breakdown, or other car-related trouble. According to Al Jarman, the new application is in the pilot phase and will currently only be available to serve the ...

  Dubai / WAM To promote road safety in the UAE, the UPS Foundation has announced an initial grant and in-kind commitment of more than US$40,000 to the Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi government to facilitate public-private funded initiatives to improve the welfare of youths across the UAE. UPS and Emirates Foundation volunteers will ...

  Dubai / WAM Dubai-government owned Emirates National Oil Company Group, ENOC, on Thursday announced that it has appointed a new board of directors for its wholly-owned subsidiary, Dragon Oil. HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, was selected as the company’s new chairman, the company said in a statement. Saeed Mohammed ...

  Abu Dhabi / WAM The 10th World Future Energy Summit (WFES) ended on Thursday in Abu Dhabi with strong growth in commercial activity surrounding the event and the number of hosted business meetings surging by more than 60 percent. Hosted by Masdar, Abu Dhabi’s renewable energy company, as part of Abu Dhabi Sustainability Week, WFES aims to promote the business ...

    Dubai / WAM Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum approved expanding warehouse facilities at the International Humanitarian City (IHC) in response to urgent demand from leading UN and NGO agencies, most notably the Red Crescent, UNHCR, ICRC and the World Food Programme. The approval gives the ...

  Dubai / WAM Artists shortlisted for the AED 2.3 million Dubai Canvas 3D Art Award will create and display their stunning 3D artworks at the Dubai Canvas 3D Art Festival to be held in City Walk from March 1-7. The shortlist features an eclectic group of accomplished international 3D artists who bring diverse creative perspectives and technical skills. Dubai Canvas ...

  Abu Dhabi / Emirates Business Etihad Airways on Thursday announced its Abu Dhabi – Düsseldorf route will be operated 14 times a week with the addition of a new daily service, effective March 26. The double daily schedule will provide greater choice to local passengers travelling between Abu Dhabi and Düsseldorf, and further increase connectivity to and from Germany ...

  Sharjah / Emirates Business As the fifth edition of the Sharjah Children Biennial continues to display the outstanding work of international young artists, Her Excellency Noura bint Mohammed Al Kaabi, Minister of State for Federal National Council (FNC), and Sheikha Alia Al Qasimi, Founder of ‘Minbart’ visited the event at Sharjah Art Museum. On their first leg of their ...