News

ABU DHABI / WAM The Federal National Council on Tuesday passed a federal bill regulating the responsibilities of the National Media Council. According to Article 2 of the bill, the NMC is a federal government body affiliated with the Cabinet and has a corporate character and a mandate to undertake the responsibilities of overseeing and supervising media in the UAE. ...

DUBAI / WAM Ahmed Mahboob Musabih, Director of Dubai Customs (DC) and the Consul-General of the Republic of Korea in Dubai, Heo Nam Duk, have exchanged views on issues of common interest and on the possibilities of strengthening cooperation and creating better coordination in Customs processes. This came at meeting held at DC head office, in the presence of Faisal ...

DUBAI / Emirates Business Wadi.com, the fastest growing e-commerce platform of the Middle East, has raised USD 67m with Al Tayyar Travel Group as the lead investor ten months after its launch. The investment marks the largest series A funding in the tech history of the Middle East and will further accelerate the growth of the company. Wadi.com was started ...

RAS AL KHAIMAH / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has extended his deep condolences to the family of martyr Abdullah Juma Al Shamsi, who fell in the line of duty while participating in the Arab Coalition “Operation Restoring Hope”, led by Saudi Arabia in Yemen. Sheikh Mohammed ...

Sharjah / EMIRATES BUSINESS The regional exhibitions industry on Tuesday took stock of current market conditions, and discussed ways to identify and address major trends and challenges that impact the sector. The leaders of the region’s meetings and exhibitions industry gathered at Expo Centre Sharjah for the first meeting of the Board Members of the International Association of Exhibitions and Events’ ...

PALMA DE MALLORCA / WAM RIU Hotels & Resorts and Dubai master developer Nakheel have formally signed their business partnership agreement. Ali Rashid Lootah, Chairman of one of the Middle East’s biggest developers travelled to Mallorca to sign the joint venture agreement with Luis Riu, CEO of RIU Hotels. Thanks to this partnership, the chain’s first hotel in Dubai will ...

Dubai / EMIRATES BUSINESS Dubai Financial Market (DFM) on Tuesday announced that its UAE listed companies have showed a 98% compliance to disclose their preliminary results for the financial year 2015 within the deadline of 45 days from the end of the year in line with the regulations of the Securities and Commodities Authority (SCA). As much as 47 UAE companies ...

DUBAI / EMIRATES BUSINESS Dubai International Financial Centre (DIFC), the mature global financial gateway connecting businesses and institutions with emerging market opportunities across the Middle East, Africa and South Asia, has announced the launch of new, redesigned version of its website www.difc.ae The revamped website features an eye-catching layout to offer an engaging user experience and enhanced navigation for accessing detailed ...

ABU DHABI / WAM Zayed University is set to host the National Academic Advising Association (NACADA) conference for the first time under the theme, “Aspire, Connect and Empower”, on its Dubai campus from February 22 to 25. The NACADA is an association of professional advisors, counsellors, faculty members, and administrators who are working to enhance the educational development of students and ...

Dubai / EMIRATES BUSINESS Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has contributed AED 200,000 to Ajman Club for Disabled. The contribution from the bank will enable the Ajman-based institution to purchase rehabilitation equipment for the facility. The contribution is in line with Emirates Islamic’s commitment to support community and charitable initiatives in the UAE ...