DUBAI / WAM Dubai Investments, the leading diversified investments conglomerate listed on the Dubai Financial Market, has decided to distribute 10 percent cash dividend to its shareholders for the financial year ending December 31, 2018. A proposal to this effect was approved by shareholders at the group’s 23rd annual general meeting (AGM). The company’s shareholders also approved all other resolutions ...

Dubai / Emirates Business The UAE-based, Grandweld Shipyards, has announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be delivered in June 2019. Furthermore, the newly ...

Abu Dhabi / Emirates Business Traditional Iftar and Sohour experiences in celebration of the Holy Month of Ramadan await at the Fairmont Bab Al Bahr’s stunning Al Andalus Ramadan Tent. With breathtaking views of Sheikh Zayed Grand Mosque, the enchanting Al Andalus Tent provides the ultimate venue to enjoy an authentic Arabian Iftar and Sohour with stunning surroundings, lavish spreads ...

DUBAI / WAM The world’s tallest observation wheel will be completed in time for Expo 2020 Dubai, a Dubai-based holding company revealed on Wednesday. Meraas confirmed that Ain Dubai will be completed in time for the world expo. Standing at over 250 metres high, the structure will be over 200 percent taller than the first ever Ferris wheel, which was ...

MOSCOW / WAM The UAE participated in the fifth edition of the Arab-Russian Cooperation Forum. A ministerial level delegation, headed by Ahmed bin Ali Mohammed Al Sayegh, Minister of State, and with the attendance of Juma Mubarak Al Junaibi, UAE Ambassador to Egypt and Permanent Representative to the Arab League, took part in the event. The participants at the two-day ...

DUBAI / WAM Arab-Italian economic and trade relations will get a boost, particularly in the halal industry, following the signing of an agreement between Etihad Credit Insurance (ECI), and the Joint Italian Arab Chamber of Commerce (JIACC). The move is also in line with ECI’s mandate to support UAE’s non-oil diversification strategy by offering UAE businesses a range of conventional ...

SHARJAH / WAM Sharjah Chamber of Commerce and Industry (SCCI), recorded a growth of 16 percent in new members during the first quarter of 2019 compared to the first quarter of 2018. The chamber said it had 1,464 new members, while those who have renewed their membership has risen to 15,338, a growth rate of six percent as compared to ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), announced that the nearly AED58 million Al Aryam Bridge Interchange project on Sheikh Khalifa bin Zayed international highway has been completed in cooperation with the Department of Transport (DoT), in Abu Dhabi. Considered as one of the vital projects that aim to develop and improve the main road network in ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, allocated AED2.5 million to enrich Sharjah’s libraries with the latest publications. The announcement came following the inauguration of the 11th Sharjah Children’s Reading Festival (SCRF 2019), at the Sharjah Expo Centre. The funds will be used to purchase the latest publications ...

Dubai / WAM Dubai Islamic Economy Development Centre (DIEDC), announced that it signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC), to exchange knowledge, experience, and best practices in Islamic economy, as well as boost bilateral relations between Dubai and Hong Kong. Abdulla Mohammed Al Awar, DIEDC CEO, and Raymond Yip, Deputy Executive Director of ...