News

  Dubai / WAM DP World has partnered with the government of Dubai’s Community Development Authority (CDA), reaffirming its commitment to empowering Emiratis with employment, training and development opportunities. The two entities recently signed a Memorandum of Understanding (MoU) for the development of a common framework to promote cooperation and coordination in this regard. The CDA will train DP World staff ...

  Abu Dhabi / WAM In a bid to provide comprehensive support to the banking sector, the Ministry of Finance (MoF), in collaboration with the UAE Central Bank, Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets (ADGM), organised the UAE Banks reception, on the sidelines of the 34th annual meetings of the International Monetary Fund (IMF) and the World ...

  Dubai / WAM The Telecommunications Regulatory Authority (TRA) recently launched the first phase of SmartPass service through the Single sign-on (SSO) initiative, to use unified data for government transactions online using a single access point. The initiative is one of the 22 initiatives of the smart government to achieve the vision of Vice President and Prime Minister and Ruler of ...

  Dubai / WAM Dubai Aerospace Enterprise (DAE) received the Middle East and Africa “Lessor of the Year” award at the Aviation 100 Awards ceremony in recognition of DAE’s position as a strong, ambitious and world-class aircraft leasing company. The awards were presented by Airline Economics during the inaugural Airline Economics Growth Frontiers Dubai conference. DAE’s Chief Executive Officer, Firoz Tarapore, ...

  Dubai / WAM The UAE’S thriving economy, including its active construction industry, had a positive impact on the nation’s insurance sector, with premiums written in property and liability insurance rising from AED24.9 billion in 2014 to AED27.5 billion in 2015, an increase of 10.4 percent, according to data released by the annual insurance report for 2015. The UAE economy is ...

  Dubai / WAM The Third Global Islamic Economy Summit (GIES) will begin in Dubai on Tuesday, focusing on challenges that face the economy, along with strengthening co-operation in a bid to find sustainable solutions. Themed “Inspiring Change,” the summit will be held under the patronage of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin ...

  Dubai / WAM The Board of Directors of the Dubai Women Establishment (DWE) held a meeting to review the organisation’s 2017-2021 strategic plan. The plan is focused on promoting the skills of Emirati women, and enhancing their capabilities, in line with the UAE’s strategic priorities. The Board also reviewed DWE’s various achievements in the past years and discussed the progress ...

  Sydney / AFP Australia’s richest woman and a Chinese property developer joined forces Sunday to bid for one of the world’s largest cattle estates, despite Canberra’s rejection of previous foreign offers. Australia’s biggest private landowner, cattle firm S. Kidman and Co, has attracted keen interest from Chinese firms wanting to secure the sprawling pastoral empire. But the government has ...

  Bloomberg Alibaba Group Holding Ltd.’s financial affiliate appointed a new chief executive officer as it prepares for a highly anticipated 2017 initial public offering. Zhejiang Ant Small & Micro Financial Services Group Co. named finance veteran and President Eric Jing to take the helm from Lucy Peng, who retains her role as executive chair, according to an e-mailed statement ...

  Bloomberg Three of China’s largest cities plan to limit the pool of drivers for online ride-sharing services, dealing a blow to Didi Chuxing, the firm that agreed to acquire the Chinese business of Uber Technologies Inc. Draft rules issued by Beijing, Shanghai and Shenzhen said that only holders of local residency permits — called hukou — would be able ...