News

ABU DHABI/ WAM Market capitalisation of the Abu Dhabi Securities Exchange (ADX) reached AED441 billion during the first eight months of 2016, registering an increase of AED30 billion in the market value of shares of listed companies. Rashid Al Baloushi, CEO of ADX, noted that the increase in market capitalisation is a result of the positive performance of its listed ...

  FUJAIRAH / WAM The UAE’s first berth for very large crude carriers (VLCC) will be inaugurated in the Indian Ocean sea port of Fujairah on Wednesday, September 21, by H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah. Fujairah’s oil terminal, considered the world’s largest bunkering facility in terms of operational capacity, is set ...

  DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has recognised the Mawarid Finance Group of Companies for supporting the emiratisation of jobs in auditing, financial services and financial management, with a focus on hiring Emirati women. The honour recognises an initiative of the Accountants and Auditors Association’s financial services committee to determine the number of Emiratis ...

  Abu Dhabi / WAM Science and arts are key pillars of development, and education should pay attention to them through the adoption of best international practices, H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, has noted. “If technology contributes to push the development wheel forward, arts – including music – serve as a mirror ...

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. (9) of 2016 replacing Dubai Transport Corporation with Dubai Taxi Corporation. Dubai Crown Prince and Chairman of Dubai Executive Council H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has ...

  Dubai / WAM Emirates SkyPharma, Emirates Airline SkyCargo’s new purpose-built facility dedicated exclusively to the timely and secure transport of temperature-sensitive pharmaceutical shipments at Dubai International Airport, was officially opened on Sunday. H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, inaugurated the facility, part of the new 11,000-sqm extension of ...

  Dubai / WAM Dubai’s health regulator is seeking to strengthen strategic partnerships with the emirate’s private healthcare sector to assist in assuring continuing progress in the emirates’ healthcare industry, including increasing investments and promoting medical tourism, Humaid Mohammed Al Qattami, Director-General of the Dubai Health Authority, (DHA) said on Sunday. In a statement made during a tour of the Health Regulation ...

  Dubai / WAM Malabar Gold & Diamonds’ the prominent jewellery retailer across the globe unveils the new Gemstone Jewelry Festival in the Unites Arab Emirates commencing from September, 15 valid until October, 8. This festival gives customer a chance to sense the rare precious stones and uncut diamonds in a whole new collection of jewellery making their shopping experience memorable. ...

  Dubai / Emirates Business The region’s premier timber trade fair, Dubai International Wood & Wood Machinery Show, is set to break records as the biggest wood and woodworking machinery trade show in the Middle East. More than 300 exhibitors from 100 countries are all set to showcase their innovative solutions at the next edition of the show, which will ...

  Dubai / Emirates Business At the Gulf Business Awards 2016, the coveted Banking Business Leader of the Year trophy was bagged by one of the most well-known business men in the UAE and Middle East – His Excellency AbdulAziz Al Ghurair, CEO of the UAE’s and Region’s leading banking group, Mashreq. In its 5th year, the Gulf Business Awards ...