Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (RAKEZ) announces its sponsorship of the 3rd annual Free Trade and Special Economic Zone Summit set to take place from September 13-14 in Shanghai Marriott Hotel City Centre, China. The two-day event is one of the major international business summits, which is expected to gather over 300 senior executives …

Dubai / WAM NMC Health announced that it has been promoted to the UK’s leading FTSE 100 index. The company has emerged as the first Middle Eastern company to be listed on the prestigious index, which is made up of the top 100 companies listed on the London Stock Exchange with the highest market capitalisation, indicating strong results and a …

Sharjah / WAM The Sharjah Public Works Department handed over Diba Al Hisn Model Nursery to the Sharjah Education Council. The Department said the fully-serviced and equipped childcare facility is part of phase one of a project ordered by HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. He has called for establishing 66 …

Dubai / WAM Emirates Islamic’s net profit for the first half of 2017 stood at AED387 million compared to AED137 million for the same period last year, reflecting the success of its investment deposits. One-year deposits offered 1.95 percent per annum in the second quarter of 2017, up by 50 bps since the end of 2016, while two-year deposits offered …

Dubai / WAM The Ajman Chamber of Commerce and Industry (ACCI), signed a Memorandum of Understanding (MoU) with the Department of Economic Development in Dubai (DED-Dubai), to foster the cooperation and exchange of experiences between both sides. The MoU was signed by Salem Al Suwaidi, Director-General of Ajman Chamber, and Ali Ibrahim, Acting Director-General of DED-Dubai, at the Chamber’s headquarters. Through …

Dubai / WAM The National Committee on Sustainable Development Goals presented, during its 3rd meeting this year, the UAE’s plan to achieve its sustainable development goals, to be included in the agenda of next year’s United Nations, UN, High-level Political Forum. The meeting in Dubai was headed by Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation, Chairwoman …

Dubai / WAM Emirates National Oil Company (ENOC), announced the introduction of the new ‘Biodiesel 5’ product to the UAE market. Biodiesel 5 is an advanced alternative green fuel product commonly used for diesel engines and has proven to reduce carbon footprint and greenhouse gas emissions. The new product is a clean fuel produced from vegetable oil, waste cooking oil …

Abu Dhabi / WAM The Securities and Commodities Authority (SCA) announced a draft resolution on the practice of clearing activities on UAE capital markets, urging all parities concerned to send their feedback on the draft not later than September 17 before its entry into force. According to the draft, which excluded UAE banks and branches of licensed foreign banks, an NOC …

Abu Dhabi / WAM The Ministry of Education and the Abu Dhabi Education Council (ADEC), have revealed the details of a new unified education system that was announced on Sunday, as per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the monitoring of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid …

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP), sector at Dubai Economy observed Monday as ‘Compliance Day’, as part of spreading awareness of commercial regulations and better compliance among businesses in the emirate. Compliance Day is celebrated in September every year with CCCP officials visiting commercial establishments to educate businesspeople and their employees on the importance of complying …