News

  DUBAI / WAM Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, issued Decree forming the Dubai Nuclear Energy Committee (DNEC). Decree No (15) of 2016 amends Article (1) of Decree No (26) of 2009 on the Establishment of the Dubai Supreme Council of Energy. ...

  ABU DHABI / WAM Etisalat Group on Tuesday announced its consolidated financial statements for the three months ending March 1, 2016, registering a rise in revenues to AED12.9bn. Saleh Al Abdooli, Chief Executive Officer of Etisalat Group, said, “Etisalat’s first quarter results are a continuation of the strong performance the company has achieved over the years. Despite a challenging ...

  DUBAI / WAM Emirates Integrated Telecommunications Company PJSC (du) on Tuesday published its financial results for the first quarter of 2016 registering a 1.3% rise in revenue to AED 3.09 billion, while net profit before royalty rose by 10.4% to AED 1.02 billion. The report said the revenue grew to AED 3.09 billion, a 1.3% increase compared to 2015 ...

  DUBAI / WAM Emirates Post Group, Empost, and Dubai Statistics Centre signed a Memorandum of Understanding to promote exchanges of statistical data and to make use of it more effectively for their mutual benefit. The MoU was signed by Arif Obaid Al Muhairi, Executive Director of Dubai Statistics Centre, and Fahad Al Hosani, Acting CEO of Emirates Post Group, in ...

  ABU DHABI / WAM Fifty-five government entities that fund their operational and capital operations through the general budget of Abu Dhabi Government, represented by more than 750 employees and system users, participated in the third Abu Dhabi Enterprise Resource Planning System (ADERP), Users Forum, organised by the Department of Finance – Abu Dhabi, DoF. The event was attended by Safwan ...

  Sunaina Rana / EMIRATES BUSINESS International and local tanneries, designers, suppliers, and leather manufacturers are sharing centre-stage this week, as the Middle East’s only dedicated leather industry trade show opened in Dubai on Tuesday. The three-day event at the Dubai International Convention and Exhibition Centre, Leatherworld Middle East 2016 is featuring 70 exhibitors from 16 countries, all of which ...

  DUBAI / WAM Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by global property developer Emaar Properties, reported first-quarter (January to March) 2016 net profit of AED 529 million (US$144mn), 22 per cent higher than the Q1 2015 net profit of AED433mn (US$ 118 mn). Rental income for the first three months of the year is ...

  Sunaina Rana / Emirates Business International and local tanneries, designers, suppliers, and leather manufacturers are sharing centre-stage this week, as the Middle East’s only dedicated leather industry trade show opened in Dubai on Tuesday. The three day event at the Dubai International Convention and Exhibition Centre, Leatherworld Middle East 2016 is featuring 70 exhibitors from 16 countries, all of ...

  DUBAI / WAM The Sheikh Zayed Housing Programme has endorsed the names of 447 eligible citizens for housing loans and grants worth AED218.9 million, of which 317 will be loans and 130 grants. This was revealed during the third Board of Directors meeting of the programme chaired by Dr Abdullah Belhaiv Al Nuaimi, Minister of Infrastructure Development, and Chairman ...

DUBAI / WAM Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by global property developer Emaar Properties, reported first-quarter (January to March) 2016 net profit of AED 529 million (US$ 144 million), 22 percent higher than the Q1 2015 net profit of AED 433 million (US$ 118 million). Rental income for the first three months of the ...