News

DUBAI / WAM The Dubai Airport Free Zone Authority (DAFZA) posted yet another banner year in 2015, achieving an impressive total revenue growth of 7% and total assets growth of 3%. As a gateway connecting the emerging markets in Middle East and Africa, the Freezone grew its number of registered companies by 22 %, with multinational companies in particular rising ...

DUBAI / WAM A delegation from Dubai International Financial Centre (DIFC) participated in the UAE-Luxembourg Council for Cooperation and Development of Islamic Banking and Finance. Aiming to strengthen DIFC’s long-standing partnership with Luxembourg, the visit included engagements with industry experts to share insights on the sophistication and future of Islamic finance and the impact of FinTech. FinTech has grown exponentially ...

DUBAI / WAM Dubai developer Nakheel signed a memorandum of understanding (MoU) with Saudi Arabia’s Al-Akaria to develop a range of new mixed-use projects in Riyadh. The two companies signed an agreement which will see Nakheel provide services ranging from master planning, design, construction management, and mall design and management, according to a company statement. Upcoming developments under Al-Akaria include ...

Abu Dhabi / Emirates Business Etisalat on Saturday announced a new promotion, providing its Wasel prepaid customers 1 MB free data for every minute of their mobile voice call. Addressing the growing demand for data among all segments in the UAE, the new offer gives customers 1 MB of free data for every minute of outgoing local or international voice ...

SHARJAH / WAM Sharjah Asset Management, the investment arm of the Government of Sharjah, on Saturday announced their first ever sale of freehold land plots for GCC nationals and UAE’s Arab residents and long-term leasehold (Usufruct) right for 100 years for UAE’s residents of other nationalities being offered for sale at Al Saja’a Industrial Oasis in the Emirate of Sharjah.

ABU DHABI / WAM The Ministry of Human Resources and Emiratisation announced recently a vast diversion towards non-fixed term contracts between both production parties hitting 75.53 percent of the total number of newly issued and renewed contracts for the past two months. This came following a recent study issued by the Ministry to follow-up on the three new decrees issues ...

ABU DHABI / WAM The Abu Dhabi Businesswomen Council (ADBWC) and the Emirates Businesswomen Council (EBWC) signed an agreement with Van Cleef & Arpels at the Chamber’s Tower in Abu Dhabi to provide training and rehabilitation programs for Emirati women entrepreneurs at Van Cleef & Arpels in France and its main branches across the globe.

Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA) is convening its Crisis and Emergency Management Conference 2016 (CEMC) at a time when both the region and world are passing through exceptional circumstances marked by successive crises, though with disproportionate severity, from time to time, organisers say. The Crisis and Emergency Management Conference is designed to ...

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA, said, “DAFZA is taking steady steps towards positioning itself as a main player and major driver for economic development and trade growth in Dubai, posting a strong performance and achieving significant growth at the operational level and among the focal sectors in the free zone. Last year’s buoyant financial results ...

He further added that Dubai Ports, Customs and Free Zone fully support Automotive and Aeronautics sector through their focused facilities and services. The sector plays an important role in enabling economy to achieve sustained growth. Bin Sulayem said, “The Middle East region is one of the fastest growing markets in the world for the automotive sector. Jafza , as a ...