DUBAI / Reuters Most United Arab Emirates interbank offered rates (EIBOR) rose on Sunday as the central bank introduced a new way of calculating them, seeking to make the system more transparent and reflect market conditions more accurately. The one-month rate edged up to 1.93500 percent from 1.92667 percent on Thursday, while the one-year rate jumped to 3.03998 percent from ...

DHAHRAN / WAM The Arab Summit started on Sunday its 29th ordinary session at King Abdulaziz International Cultural Center in Dhahran. The UAE delegation to the summit is led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai. King Abdullah II bin Al-Hussain of the Hashemite Kingdom of Jordan, the President ...

DHAHRAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arrived on Sunday evening in Dhahran in the eastern region of the Kingdom of Saudi Arabia, to watch the Joint Gulf Shield-1 military drill at the invitation of the Custodian of the Two Holy Mosques ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued Law No. 05 of 2018 pertaining to volunteering in Dubai. The new Law, which regulates volunteering activity, seeks to promote social responsibility in society, stimulate positive social engagement and encourage people to serve their communities. The new Law ...

Abu Dhabi / WAM With increasing numbers of transit passengers across UAE airports, the UAE Cabinet is looking into ways to enhance transit visa procedures and allow stopover passengers to enjoy a day out in the city. The Cabinet approved the formation of a working group to propose a new general policy for transit visas in the UAE to promote ...

Dubai / WAM DMCC, the leading Free Zone for commodities trade and enterprise in Dubai, in collaboration with the United Nations Global Compact Network UAE, this morning staged its latest Knowledge Series event on sustainability. The aim of the event is to raise corporate social responsibility awareness among representatives of DMCC’s members – almost 15,000 companies. Delegates debated how best ...

Dubai / WAM The initiatives launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, to reduce cost of doing business and facilitate inward investment in the emirate, draw on past experiences and seek to deliver the future with confidence, said Sami Al Qamzi, Director General of the Department of ...

Dubai / Emirates Business Digital Economy Solutions (DES), a joint venture between emaratech and the Department of Economic Development of Dubai (DED), will launch DubaiStore, the first local online marketplace to focus on SMEs and home-based businesses (e-traders). DubaiStore, quintessentially an online marketplace for all licenced businesses in the emirate of Dubai, is unique in concept and design, and focuses ...

ABU DHABI / WAM The Abu Dhabi Food Control Authority (ADFCA), has been awarded four conformity certificates from the British Standards Institution (BSI), as well as adopting its transition to two new standards in cooperation with the institute. The accomplishment enhances the authority’s mission of becoming an internationally recognised organisation in agriculture and food safety, bringing the total number of ...

Abu Dhabi / WAM Senior government officials, industry leaders, policymakers, scientists, academics and investors in sustainable business are set to participate in the Green Business Summit 2018 as primary keynote speakers. Organised by The Economist Events, part of global English-language weekly newspaper, the first-of-its-kind summit will be held on April 17 in Abu Dhabi, marking the MENA region as a ...