News

  ABU DHABI / WAM The Abu Dhabi City Municipality launched an extensive campaign aimed at combating disorderly accommodation as well as condensed bachelors accommodation in areas falling within the realms of authorities of Al Wathba Municipal Centre. The campaign is intended to confronting this phenomenon, and enforcing the environmental and health standards by organising awareness and educational campaigns targeting ...

  ABU DHABI / WAM The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was up 3.2%, compared with the same period of 2015, according to a report released by Statistics Centre – Abu Dhabi (SCAD). The annual inflation rate for the first quarter of 2016 was 3.2%, ...

  DUBAI / EMIRATES BUSINESS Arabian Travel Market (ATM) 2016, the region’s leading travel industry showcase, opens its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums, and recognition of 12 months of industry achievement. It takes place at the Dubai International Convention & Exhibition Centre from April 25-28.

  DUBAI / WAM Noor Bank on Sunday announced its financial results for the year ending 31st December 2015, with the bank reporting a net operating profit of AED561 million. The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing.

  ABU DHABI / WAM Abu Dhabi Ship Building, ADSB, announced key business highlights for 2015 at their Annual General Meeting held in Abu Dhabi last week, registering a consolidated revenue of AED 791 million, while its net profit rose to AED 87 million. In addition, members of the General Assembly approved the distribution of the cash dividends amounting to ...

  Sunaina Rana / EMIRATES BUSINESS UAE-based ARTAR Real Estate Development announced that it has achieved a 15% completion rate of Mada Residences. The new upcoming project is situated in Downtown Dubai and this exclusive residential property development is ARTAR’s first project in the UAE. Sulaiman Abdulrahman Al Rashid, CEO of ARTAR Real Estate Development LLC, said, “We have witnessed ...

  Dubai / Emirates Business Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, on Sunday announced its financial results for the first quarter of 2016. Aramex’s Net Profits increased 12% to AED 96.9 million, up from AED 86.6 million in Q1 2015. Revenues in the first quarter of 2016 increased to AED 1,048 million, up ...

  RITIKA SHARMA Emirates Business UAE Facebook users, beware – the next link you follow on your account, might lead you to a malware that will steal your confidential details or corrupt your entire system. Of late, UAE-based IT companies have detected a spam-based campaign, running on the social networking sites, that is spreading malicious browser plugin via social engineering ...

  DUBAI / WAM Emirates is participating in the 2016 edition of Arabian Travel Market (ATM), the region’s leading travel exhibition, which begins at Dubai World Trade Centre, with a brand-new, futuristic ‘Infinite Possibilities’ stand that showcases its industry-leading products and services. The Airliner will also present its enhanced Boeing 777 Business Class seat for the first time in its ...

  DUBAI / WAM Arabian Travel Market (ATM) 2016, the region’s leading travel industry showcase, opens its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums, and recognition of 12 months of industry achievement. Now in its 23rd year, the 2016 edition, which takes place at the Dubai International Convention & Exhibition Centre from ...