DUBAI / WAM Emaar Properties PJSC has recorded first-quarter (January to March) 2016 net profit of AED 1.205 billion (US$ 328 million). This is an increase of 17 per cent compared to the net profit of AED 1.026 billion (US$ 279 million) during the same period last year. Led by significant progress in construction of its projects, Emaar’s Q1 ...

  DUBAI / WAM Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum in his capacity as Ruler of Dubai issued Resolution No (5) of 2016 pertaining to an increase in the pensions of retired local civilians in Dubai who are not affiliated to the General Pension and Social Security Authority, and whose ...

  ABU DHABI / WAM The UAE’s Ministerial Development Council (MDC)presided over by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, discussed the establishment of the International Centre for Registration of Patents, reflecting the UAE government emphasis on innovation and competitiveness at various levels in accordance with the UAE National Innovation Strategy launched ...

  ABU DHABI / EMIRATES BUSINESS VFS Global announce the relocation of the Italy Visa Application Centre currently located at Office No. 108, Block C, Al Aryam Tower, Al Mina Street, Abu Dhabi, to a new centrally located premise at Shining Tower, Level 25, Mubarak Bin Mohammed Street, Abu Dhabi. Effective Sunday, May 1, all Italy visa applicants will need ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, assigned the UAE Gender Balance Council to support the implementation of the ‘Gender Inequality Index’, which is issued annually by the United Nations Development Programme (UNDP). Mona Ghanem Al Marri, Vice President of the UAE Gender ...

  Dubai / Emirates Business GITEX Technology Week will launch and host GITEX Startup Movement, one of the most global startup gatherings in the world with over 30 countries represented, as it brings together entrepreneurs, innovators, investors, mentors and buyers for the first time in Dubai. The GITEX Startup Movement will convene over 400 startups and more than 1,000 entrepreneurs, ...

  WAM and Emirates Business Abu Dhabi Ports has roped in Germany’s largest E&P company, Wintershall to further strengthen its position in exploration and production segment of crude oil and natural gas. “This partnership with Wintershall offers a new opportunity for Abu Dhabi Ports to serve the exploration and production sector in the Emirate, which is vital to the economy of ...

  Dubai / Emirates Business Arab Bank Group continued its strong financial performance during the first quarter of 2016, reporting net profit after taxes and provisions of USD 218.3 million, compared to USD 217.2 million for the same period last year. Shareholders equity, meanwhile, rose to USD 8 billion. The Bank’s balance sheet remains strong with loans and advances growing ...

  Dubai / Emirates Business The American Express Platinum Credit Card was voted UAE’s most popular credit card product at the Souqalmal People’s Choice Awards. The award is based on an in-depth consumer survey evaluating various aspects of the overall Cardmembership experience with parameters that include customer service, product features and financial education. Souqalmal is the UAE’s leading comparison website. ...

  Dubai / Emirates Business EXUS on Sunday announced that its Financial Suite software was profiled in a recent CEB TowerGroup analyst report, “Loan Collections Systems Technology Analysis,” as being a “best-in-class” solution, for core collections, enterprise technology and customer management. The report, published in March, is the first ever global technology analysis of loan collections systems by an industry ...