SHARJAH/WAM The value of real estate trade in the Emirate of Sharjah increased during the first half of 2024 by 35.6 percent, compared to the same period in 2023, with over AED18.2 billion. This is mainly due to the increase in sales transactions, recording 10,809 transactions compared to 6,592 recorded during the same period last year. According to the semi-annual report on the real estate sector issued ...

DUBAI/WAM Al Ansari Financial Services (AAFS) has signed a Sales and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L., (BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a total acquisition purchase price of US$200 million (AED735 million). AAFS plans to secure financing under customary market terms to finance the acquisition. The acquisition ...

ABU DHABI/WAM The Abu Dhabi Business Centre at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 12 new economic activities to the Tajer Abu Dhabi (Abu Dhabi Trader) licence, allowing investors to obtain an economic licence without the need to work from a physical location or to pay rent on commercial space for three years. ADDED ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday met with Gabriel Boric Font, President of Chile, at Al Shindagha Majlis. During the meeting, the two leaders discussed ways to further enhance relations between the UAE and Chile, especially in the areas of trade, investment and ...

FUZHOU/WAM Typhoon Gaemi, the third typhoon of this year, has affected 766,900 residents in Fujian Province, resulting in direct economic losses exceeding 1.6 billion yuan (about US$224.35 million), Xinhua News Agency reported. By Sunday morning, Fujian had evacuated 312,700 people from hazardous areas and dispatched 2,763 rescue teams involving 69,400 people and 15,600 pieces of equipment, to carry out emergency ...

SHARJAH/WAM India’s Jagdamba Global Equipment Solutions, a promoter of Jagdamba Trailers that specialises in heavy industries, has chosen the Hamriyah Free Zone in Sharjah as the regional headquarters for its first expansion step outside India. The strategic move by Jagdamba not only reflects the growing appeal of the Hamriyah Free Zone Authority (HFZA) but also enhances Sharjah’s position as a ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Excellency Gabriel Boric Font, President of the Republic of Chile, who began an official visit to the United Arab Emirates. An official welcome ceremony was held for His Excellency upon his arrival at Qasr Al Watan in Abu Dhabi. His Highness Sheikh Mohamed bin Zayed ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Gabriel Boric Font, President of the Republic of Chile, discussed ties between the UAE and Chile, including cooperation in the commercial, investment, and developmental sectors. The two sides also explored opportunities to advance bilateral relations in a way that serves the future-focused visions of both ...

DUBAI /WAM  The Ministry of Human Resources and Emiratisation (MoHRE) reported around 30 million interactions with its customers through the Tawasul system in the first half of 2024, marking an increase of roughly 61% compared to the 18.6 million interactions recorded during the same period in 2023. The Tawasul system adheres to the highest standards of competitiveness in providing pioneering ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Gabriel Boric Font, President of the Republic of Chile, today witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Chile. This took place during the official visit of the Chilean President to the UAE. The agreement aims to stimulate non-oil ...