Dubai / Emirates Business Statistics announced by Smart Dubai revealed that its DubaiPay portal for payment online and via smartphones registered a 15 percent increase in the amounts collected between June 1, 2016 and June 1, 2017, and a surge of 13 percent in number of transactions carried out over the same period. On the other hand, the number of ...

DUBAI / WAM Dubai-based airline flydubai, on Monday, announced the addition of three destinations to its Russian network, bringing its presence in the country to ten points. This autumn, the airline will launch flights to Makhachkala and Voronezh, and resume services to Ufa. Flights from Dubai to Makhachkala and Voronezh will operate twice a week, from October 31 and October ...

DUBAI / Emirates Business Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, has announced the completion of the first phase of its new residential development project in Mirdiff. This marks the first time which Amlak has developed a fully-owned property. The project consists of 54 villas and is scheduled for completion by Q4 of this ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) has announced that it will be actively participating in the 10th World Chambers Congress which is being organised and hosted by the International Chamber of the Commerce’s World Chambers Federation (WCF). The Congress will take place on September 19-21 in Sydney, Australia, with around 12,000 chambers of commerce from ...

Abu Dhabi / Emirates Business The National Media Council (NMC) has announced the restructuring of the services it provides to its customers across the UAE, including individuals, media institutions, media-related companies, publishing and printing houses, distribution companies and cinemas, among others, in line with the issuance of Ministerial Decree No. 19 of 2017 for Media Services Fees. The Ministerial decree ...

DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced the signing of an agreement to offer clearing services to UAE-based Delma Brokerage, making the brokerage firm, the first non- affiliate Trading Member to sign with the bank. Emirates NBD is currently the first UAE-based financial entity to be approved by ‘SCA – Securities and Commodities Authority ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) appointed the Korea Development Institute (KDI), a Korean think tank, as expert consultant to advise on the need for a UAE-based Export Finance Programme. Mohammed Saif Al Suwaidi, Director-General of ADFD, and Dr Joon-Kyung Kim, President of KDI, signed a cooperation agreement in this regard at Fund’s headquarters. As an ...

DUBAI / WAM A seminar on the use of Blockchain has confirmed that Dubai is moving rapidly to achieve its goal of becoming the first government in the world to adopt the technology by 2020. During the seminar, organised by the Chief Information Officers Majlis, Dan Frankel, Blockchain Technology Consultant at ConsenSys, said that private sector institutions, which will benefit ...

DUBAI / WAM Halal Expo Dubai will strengthen UAE’s goal of leading and developing the Halal industry in the Arab region and beyond. The county has immense potential and resources to be the hub of Islamic economy and for attracting foreign investments to UAE as the country ranked third after Malaysia and Bahrain in Islamic economy and finance, stated by ...

DUBAI / WAM SHUAA Capital, a Dubai-based financial services provider, continues to support the growth of the Nasdaq Dubai Futures Market as it reaches new highs. Nasdaq Dubai broke a new record this month with the value of equity futures traded increasing 76 percent to AED17.6 million from previous high of AED10 millionin June. As the largest and most active ...