ABU DHABI / WAM The MENA Income and Growth Fund of the National Bank of Abu Dhabi (NBAD) earned dividend income equivalent to AED2,832,060.85 which equates to an annualised yield of 4.00 per cent during the period from 5th February, 2016, to 4th August, 2016. Eligible investors who had successfully subscribed to the fund by 4th August, 2016, were entitled …

DUBAI / WAM Dubai Customs is committed to reinforcing co-operation and co-ordination with the foreign diplomatic corps in order to boost Dubai’s foreign trade. The Dubai-UK trade reached AED29.7 billion in 2015, and AED6.7 billion in the first quarter of this year with imports accounting for AED4.6 billion, exports at AED393 million, and re-exports worth AED1.66 billion, he noted.

  Abu Dhabi / WAM With the cost of solar energy plummeting, the World Future Energy Summit 2017 (WFES) will showcase an unprecedented range of financially profitable clean energy solutions, opening up opportunities for green tech companies as the MENA region moves to achieve ambitious sustainability targets. Figures from the International Renewable Energy Agency (IRENA) show that the installed cost of …

  Abu Dhabi / WAM The United Arab Emirates has become the 33rd developing country member of the WTO to join the Advisory Centre on WTO Law (ACWL) after the Federal Cabinet’s approval – upon a recommendation submitted by the Ministry of Economy – of the signing of the Protocol of Accession to the Agreement Establishing the ACWL. Commenting on the …

  Dubai / WAM The Dubai Electricity and Water Authority (DEWA) has established a 24/7 Cyber Defence Centre, CDC, the first government organisation in Dubai to have such safeguard, in adherence with the vision of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to make Dubai the smartest city in the world. …

  Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), stressed that the safety of public transport riders in Dubai is of paramount importance in RTA’s strategic vision “Safe and Smooth Transport for All”. Public buses are highly popular amongst commuters, and a crucial transit mode in the …

  Sharjah / WAM The Sharjah Book Authority (SBA) has announced that the 35th edition of the Sharjah International Book Fair (SIBF) will take place in November at the Expo Centre Sharjah. This year’s edition of SIBF has a special significance as it is not only marking 35 years since its inception, but also celebrates 2016 being declared as the UAE’s …

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, on Tuesday announced a comprehensive redevelopment of City Centre Ajman that will see the mall almost double in size, from 29,000 to 52,000 sqm. With an estimated cost of AED 600 million, the expanded City Centre Ajman …

  Dubai / WAM The UAE Ministry of Economy and the Consulate-General of India have announced that the second edition of the UAE India Economic Forum (UIEF) is set to take place on October 19-20 at Madinat Jumeirah, Dubai. Building on the success of the event s first edition last year, the Consulate-General of India, in association with UMS Conferences, said …

  Dubai / WAM The UAE has offered a financial deposit worth US$1 billion to the Arab Republic of Egypt at the Central Bank of Egypt for a period of 6 years. The deal was signed by Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD) and Tarek Amer, Governor of the Central Bank of Egypt, in …