News

ABU DHABI / WAM The current slump in the world oil prices poses a real challenge to oil exporting countries but did not have any impact on the UAE’s economy, thanks to the economic diversification policy adopted by the country, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, affirmed on Sunday. “Low oil prices should create investment opportunities ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the tourism sector is an important part of the national economy and a core pillar of economic diversification policy of the state. In an interview with the Emirates News Agency (WAM), the Economy Minister said that the inclusion of the National Council for Tourism in ...

DUBAI / WAM Crown Prince of Dubai and Chairman of Dubai Executive Council, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No (10) of 2016 approving the organisational structure of the Department of Economic Development (DED) in Dubai. The Resolution aims to further enable DED to implement its strategic plan and legally carry out ...

ABU DHABI / WAM The UAE, represented by the Ministry of Finance (MoF), will participate in the Joint Annual Meeting of the Arab Financial Institutions, which will be held in Bahrain on April 5-6. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, will head the UAE delegation, which includes Mubarak Rashid Khamis Al Mansouri, UAE Central Bank Governor, ...

Abu Dhabi / Emirates Business The Abu Dhabi City Municipality (ADM) recently held an induction workshop about the implementation of the new Real Estate Law No. 3 of 2015 regulating the real estate sector, and providing a clear ground and flexible processes aimed at securing the public interest, and safeguarding the rights of real estate customers. The event targeted a ...

ABU DHABI / WAM Etisalat announced the launch of its New Business Ultimate mobile plan, offering small and medium business customers (SMBs) wider data allowances and options to meet their connectivity needs. The new monthly plan also offer the latest smartphones and devices as an add-on at zero upfront charge. Digitisation and digital adoption is on the rise. The usage ...

DUBAI / Emirates Business Vicenzaoro Dubai (VOD), the definitive global jewellery show, gets under way next month, with a series of new events that are set to see it become the international networking platform for those involved in jewellery, gold, precious stones and diamonds. Now in its second year, the event is designed for the jewellery business community and will ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) financed seven development projects in Bangladesh with a total project outlay of nearly half a billion dirhams over the past four decades, with the majority of these projects serving strategically important sectors including industry, energy and infrastructure. Energy and irrigation projects account for about 65% of the total development assistance ...

DUBAI / emirates business Within the context of strengthening cooperation with educational institutions in the UAE and developing an organizational framework to develop such cooperation, the Mohammed bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding (MoU) with American University of Sharjah (AUS) to develop Emirati human resources qualified to work in the fields of space science and ...

RITIKA SHARMA / Emirates Business When Karen A (32) got a call from a bank that she had a loan of AED29,000 to repay in next two months, she could not understand what went wrong. After taking a sip of water and talking to her husband she found out she was a victim of ‘identity fraud’. Soon she recalled submitting ...