Abu Dhabi / WAM With a total traded volume of 155.5bn securities, the UAE capital markets topped list of GCC most liquid markets in 2016, with Saudi Stock Exchange coming second with a total of 67.7bn securities. The UAE financial markets came second only to Saudi Arabia in terms of market value, which amounted in 2016 to AED817bn, US$222bn, with ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD) has launched a consultancy service to develop the industrial sector and streamline its procedures in the emirate. The service has been developed due to the fact that Sharjah has an excellent investment environment, especially in the industrial sector, in addition to its strategic location and its ownership of a large number of ...

SHARJAH / WAM H.H. Sheikha Jawaher bint Mohammed Al Qasimi, wife of H.H. the Ruler of Sharjah, UNHCR Eminent Advocate for Refugee Children and Chairperson of the Big Heart Foundation (TBHF), has strongly urged world leaders to escalate all relief efforts to control the unprecedented global refugee crisis, restoring peace and stability in countries and regions affected by war and ...

Abu Dhabi / WAM In yet a new bullish sign of its ability to break new highs over the coming few days and to further stir the market appetite, Emaar broke the AED8.00 mark for the second time in two weeks, drawing transactions worth AED88 million on Monday. Analysts attributed the upbeat sentiments that prevailed today to Emaar’s outperformance, specially ...

SHARJAH / WAM The Sharjah Electricity and Water Authority (SEWA), has announced that 8,325 schematics and project designs have been approved from the beginning of this year until mid-June 2017 through the Smart Plan service launched by the Common Services Management at the Authority. The approved plans include 4,565 smart plans for electricity projects, 1,691 smart plans for water, and ...

Abu Dhabi / WAM Abu Dhabi City Municipality announced details of improvement works to be carried out on the Sheikh Zayed Tunnel and Street in Abu Dhabi, at a cost of AED109 million. The project will see the upgrade of new entry and exit points for the tunnel and significant improvements to junctions with other streets, as part of efforts ...

Abu Dhabi / WAM The Abu Dhabi Global Market (ADGM) enacted and published changes to numerous ADGM regulations and rules as part of its ongoing commitment to align with international best practice and to provide a fair, well-regulated and internationally-recognised platform that meets the needs of its markets. The enacted revisions include enhancements to Fund Rules and Companies Regulations which ...

Abu Dhabi / WAM Emirates National Oil Company (ENOC) will start implementing the global star-rating system across its service centres to further improve customer’s satisfaction. The move comes after signing an agreement with the Global Start-Rating Progamme, which seeks to upgrade ENOC’s services to a seven-star rating. It will see the two parties exchange knowledge and expertise, and work together ...

Abu Dhabi / WAM The Ministry of Health and Prevention, represented by its Hospitals Sector, held the second laboratory to develop framework to reduce cancer and heart disease indicators. The workshop was attended by Dr Youssif Al Serkal, Assistant Under-Secretary for Hospitals Sector at the Ministry, and Dr Muna Al Kuwari, Director of Specialised care management and Executive Vice President ...

Dubai / WAM Dubai Municipality has launched the largest geological project in the Middle East, the Soil Map Project, to produce and extract interactive soil maps using soil survey data and to save all interactive soil maps in a centralised and unified database, said Hussain Nasser Lootah, Director-General of Dubai Municipality. He said that the project will contribute to the ...