News

ABU DHABI / WAM The Central Bank announced that the Money Supply aggregate M1 increased by 0.2%, from AED 473.5 billion at the end of January 2016 to AED 474.4 billion at the end of February 2016. Money Supply aggregate M2 remained constant at AED 1,212.5 billion at the end of February 2016. Money Supply aggregate M3 increased by 0.02%, ...

RITIKA SHARMA / EMIRATES BUSINESS Energy efficiency can translate into economic advantage. And Etihad ESCO, a leading energy retrofit entity, is showing the way by providing dependable solutions to reduce power usage across a spectrum of industries. In one of its latest initiative, Etihad ESCO executed the lighting retrofit project at the Dubai Electricity and Water Authority (DEWA) power stations ...

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, and University of Dubai (UD), have signed a memorandum of understanding (MoU) to jointly support innovation and entrepreneurship.

DUBAI / WAM TECOM Group, Dubai’s leading business enabler and a member of Dubai Holding, on Monday announced the development of its industry management team, to ensure the company is able to continue championing industry growth, as well as focus on Dubai’s innovation-related initiatives and customer centricity.

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has attended the signing of an agreement between the Follow-Up Committee of the Initiatives of the UAE President and Arabtec Holding to build 1,100 housing units for Emiratis in Fujairah’s Mohamed bin Zayed City at a total cost of AED1.712 ...

Dubai / Emirates Business The mega winning opportunity at Joyalukkas Shop & Fly has received an overwhelming response from customers across GCC. The third set of winners of the campaign was announced on Monday, who got Airline Vouchers. The Joyalukkas Shop & Fly is offering every customer shopping for AED500 worth of Jewellery, the opportunity to travel to destinations they ...

Abu Dhabi / WAM Dr. Simonetta Di Pippo, Director of the United Nations Office for Outer Space Affairs (UNOOSA) has praised the progress made by the United Arab Emirates Space Agency since its inception. Dr. Di Pippo congratulated the UAE Space Agency on its affiliation to the United Nations Office for Outer Space Affairs, referring to the prominent role to ...

Ajman / WAM The National Media Council (NMC) in Ajman marked International Day of Happiness, which falls on March 20 each year, and got endorsed by the United Nations to achieve happiness and welfare for all peoples worldwide. The NMC staff exchanged flowers among themselves and distributed some to clients and strategic partners. The step was aimed at making employees ...

Sharjah / Emirates Business Al Jawaher Reception and Convention Centre (JRCC) announced the signing of a long-term sponsorship agreement with Swiss Arabian Perfumes Group to collaborate and partner with JRCC on all events to be held in 2016. The signing ceremony took place at JRCC between Hanan Al Mahmoud, Director of JRCC, and Nader Ali, Executive Director of Swiss Arabian ...

I would also like to highlight the significant contributions of Ahmed Khalifa Al Suwaidi and Mohammed Habroush Al Suwaidi, former Vice Chairman and Managing Director respectively, as well as the late Sheikh Ahmed bin Zayed Al Nahyan, former Managing Director, God rest his soul, who all worked tirelessly to build the foundations for the success ADIA enjoys today. In choosing ...