SHARJAH / WAM United Arab Bank (UAB) reported net profits for the first six months of 2018 at AED81 million, representing an uplift of 46 percent compared with the same period last year, primarily driven by growth in ‘core’ income and reduction in provision charges following a transition to a lower risk business model. Total income reached AED341 million, with ...

ABU DHABI / WAM The Urban Planning and Municipalities Department has laun-ched 13 new digital services as part of its efforts to participate in the digitalisation drive and the modern vision of our leaders, who are keen to improve the quality of services and bringing happiness to community members. The move also responds to the needs of sustainable development and ...

Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy Department (DED) has moved to strengthen Dubai’s business and investment ties with Egypt, following its meeting with high-level Egyptian delegates from the General Authority for Investment and Free Zones. During discussions held in Dubai, both parties tackled volume of foreign investments coming into the city as a result ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday carried out an inspection at Dubai International Airport to review the flow of passenger traffic and examine the passenger facilities. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and His Highness ...

Abu Dhabi / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), signed a Memorandum of Understanding (MoU), with the Companies and Intellectual Property Commission (CIPC), of South Africa. As part of the MoU, ADGM will work collaboratively with CIPC on issues of mutual interest in the registries sector by incorporating each organisation’s appropriate resources and technical capacity. The MoU ...

Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), has completed AED20.58 million ($5.6 million) construction and maintenance project of the facilities at the Delaija Wildlife Management Centre, for the Environment Agency – Abu Dhabi (EAD). The project stretches over a gross area of 520,000 square metres. Commenting on the announcement, Razan Khalifa Al Mubarak, EAD Secretary-General, said, “Managed ...

Dubai / WAM Zayed University (ZU), signed a Memorandum of Understanding (MoU), with Oliv Development and Training Company to provide students and fresh graduates the right training and guidance opportunities for easier job picks. The MoU was signed by Dr Marilyn Roberts, University Provost, and Jean-Michel Gauthier, CEO of Oliv, at the university campus in Dubai Based on the MoU, ...

Abu Dhabi / WAM Building on its role as a pillar of the Emirati community, the Abu Dhabi National Oil Company (Adnoc), is showcasing its sustainable cultivation of dates at the Liwa Date Festival, which will be held until July 28. Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential ...

Bloomberg In Germany’s year of political turmoil, Finance Minister Olaf Scholz is emerging as a surprise winner. With his pro-European convictions and even-keeled presence, the Social Democrat gained stature during Chancellor Angela Merkel’s recent infighting with her party bloc’s nationalists over migration. Scholz, 60, has pulled ahead of Merkel and now is Germany’s most popular politician, having stood aside and ...

Bloomberg President Donald Trump’s one-on-one meeting with Russian leader Vladimir Putin continues to unsettle lawmakers and foreign policy experts, many of whom also gave the thumbs-down to a possible follow-up meeting at the White House. “We need to know everything, and the president’s national security team needs to know everything” about the leaders’ two-hour meeting in Helsinki on July 16, ...