DUBAI / Emirates Business The UAE is Hong Kong’s 18th largest trading partner as the total trade value between the UAE and Hong Kong amounted to over $4.7 billion in the first half of 2018. Hong Kong’s total export to the UAE amounted to $2.7 billion and total import value from the UAE reached $2 billion, reveal officials in Dubai. ...

DUBAI / WAM Nakheel, a property developer based in Dubai, on Wednesday announced a net profit of AED2.51 billion for the first six months of 2018. ‘‘Nakheel handed over 451 units to customers in the first six months of the year. The company’s non-development businesses — retail, leasing, hospitality and asset management – all performed strongly. Annual revenues from these ...

Abu Dhabi / WAM In line with its strategy to enhance the UAE’s investment structure and support its sustainable economic gro-wth, Abu Dhabi Securities Exchange (ADX) has awa-rded SICO with the first non-UAE license to serve as market maker, making it the fifth registered market ma-ker on the exchange. The announcement came at a bell- ringing ceremony on ADX’s trading ...

DUBAI / Emirates Business GCC sovereign issuance has had another strong first half, with the sovereign bond transactions of over $30 billion in the hard currency market, according to Fisch Asset Management. The Zurich-based asset manager believes that full-year issuance could surpass last year’s levels and reach $50 billion in 2018. Philipp Good, CEO at Fisch Asset Management, said: “This ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) renewed a landmark memo- randum of understanding (MoU) with the Emirates Medical Association (EMA), and the Abu Dhabi Convention Bureau, a division of the Department of Culture and Tourism (DCT), to promote Abu Dhabi as a hub for world-class healthcare services and a global knowledge destination, by hosting important medical ...

DUBAI / WAM The Dar Al Ber Society has launched and supported 91 humanitarian and charity projects in the Ivory Coast and Ghana, as part of its development and charity efforts in Africa. The projects aim to promote the teachings and values of Islam and implement the UAE’s charity and humanitarian policies and vision around the world, as part of ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that it has recorded a compliance rate of 100 percent regarding its listed public and private joint stock companies’ disclosure of Q2-2018 financial statements within the deadline of 45 days from the end of the financial period. All of the bourse’s 69 listed (local and foreign) public and private companies ...

SHARJAH / WAM The UAE-based organisation for women’s development, NAMA Women Advancement Establishment (NAMA) has been in discussions with leading government departments, academic institutions and busin- esses in Sao Paulo, Brazil, to explore possible avenues of collaboration and expertise-shar- ing to benefit young students, female entrepreneurs and businesswomen in both countries. This was NAMA’s first large-scale networking and exchange mission ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has issued a resolution forming the Ministry of Foreign Affairs and International Cooperation Youth Council. The decision comes about the UAE vision to empower young individuals and provide them with exceptional opportunities for growth and development to lead the future. According ...

DUBAI / WAM Dubai Exports, the export promotion agency of the Department of Economic Development (DED) concluded a successful visit to Hong Kong, attracting buyers and importers eager to source products from Dubai to Far Eastern markets. The visit, led by Mohammed Al Kamali, Deputy Chief Executive Officer of Dubai Exports, marked the first anniversary of the Overseas Trade Office, ...