News

Abu Dhabi / Emirates Business Abu Dhabi Airports has reported a 14.1% increase in passenger traffic at Abu Dhabi International Airport (AUH) for January 2016 compared to the same period last year. A total of 2,154,241 people travelled through AUH last month. “The remarkable growth of Abu Dhabi as a global destination for business and leisure has catalyzed the corresponding ...

ALKESH SHARMA Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation, while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These findings were put on table by the Abu Dhabi-based Insead Business ...

Sharjah / WAM Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in 2015. This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014. The announcement was made during ...

Sharjah / WAM Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in 2015. This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014. The announcement was made during ...

Abu Dhabi / WAM The Board of Directors of Waha Capital has recommended distribution of a cash dividend of 20 fils per share, equivalent to 20 percent of its paid-up capital, for eligible shares. Hussain Jasim Al Nowais, Chairman of Waha Capital, said, “Thanks to our increasingly diversified portfolio of investments, Waha Capital produced a strong performance in 2015 despite ...

Dubai / Emirates Business In line with the Dubai Health Authority’s policy to continue providing specialized medical care to the population of Dubai, the Authority is hosting visiting doctors who are currently practicing medicine in countries such as Germany and Belgium. Abdulrahman Mohammad Al Owghani, Director of General Foreign Relations and Media Department at the DHA said that the doctors ...

Sharjah / WAM The Sharjah Exports Development Centre (SEDC) affiliated to the Sharjah Chamber of Commerce and Industry (SCCI) and the Tunisian Exportation Promotion Centre (CEPEX) have discussed doubling the volume of exports of both sides through a series of initiatives and boosting their contribution to Gross National Income (GNI) in addition to exchanging experiences in supporting productivity and industry ...

Abu Dhabi / Emirates Business With a move to facilitate a sustainable economy, while also supporting the process of the integration of the various sectors, the Abu Dhabi Securities Exchange (ADX) will continue to strengthen its role and contribution to the growth, stability, and openness of the economy of the Emirate of Abu Dhabi, as well as to the effective ...

Abu Dhabi / WAM Abu Dhabi Financial Group (ADFG) on Sunday unveiled its stunning plans for the redevelopment of New Scotland Yard, a highly-desirable address known as “Ten Broadway”, following approval from the Planning Committee of Westminster City Council in London, UK. Northacre London will manage and develop the one million square feet project, creating a contemporary destination, comprising residential, ...

Ajman / WAM The Ajman Chamber of Commerce and Industry (AJCCI) has discussed ways to strengthen economic cooperation and investment opportunities for businessmen with the Embassy of Japan in Abu Dhabi in order to increase volumes of trade. This came during a visit by a delegation from the AJCCI to the headquarters of the Embassy of Japan in Abu Dhabi. ...