Dubai / Emirates Business Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its first quarter results for the period ended March 31, 2017. Group Net Profit increased to AED 1,042 million, up 4% compared with AED 1,001 million for the same period in ...

  DUBAI / Reuters OPEC and the United Arab Emirates’ ministry of energy will next week launch the first phase of a new global oil and gas database project aiming to develop an easy-to-use tool to analyse energy information and allow for more transparency. The Oil and Gas Big Data Project “will consist of a set of high standard analytic ...

  DUBAI / WAM Dubai has opened its doors to the second generation of world-class construction projects with the launch of the Al Wasl Plaza Project, the main hub of Expo 2020 Dubai. Al Wasl Plaza is a dynamic, urban, cultural, environmental, tourism, educational and recreational destination for future generations, which will be completed by the end of 2019. It ...

  DUBAI / WAM Nasdaq Dubai has added NBAD (now known as First Abu Dhabi Bank), Dubai Financial Market (DFM) and Dubai Investments (DIC) to its equity futures market, raising the number of leading UAE companies on which futures can be traded to 12. Market making services on futures contracts on the three additional companies are provided by SHUAA Capital, ...

  ABU DHABI / WAM The Abu Dhabi Urban Planning Council (UPC) has unveiled a major community initiative for the Year of Giving 2017 in partnership with 10 of the UAE’s leading property businesses. The ‘CSR Year of Giving Initiative’ will see the UPC work with real estate developers to establish new community amenities such as mosques, parks, playgrounds and ...

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, stressed that the UAE foreign aid represents a global model to follow in terms of humanitarian and development work. This is not just for being one of the largest international donors compared to its gross national income (GNI) for the fourth ...

  Dubai / WAM The 5th World Aviation Safety Summit (WASS) kicked off in Dubai on Tuesday to review the essential safety measures required to ensure aviation safety worldwide. Hosted by Dubai Civil Aviation Authority, DCAA, on 11th -12th April 2017, WASS has been established as the meeting place for thought leaders of the global aviation safety sector to review best ...

  Abu Dhabi / WAM Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa, and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle ...

  Dubai / WAM The Public Transport Agency, Roads and Transport Authority (RTA), is set to broaden and improve its bus network in Dubai by opening 11 new bus routes including 10 metro feeder service, and improve 13 other routes starting from April 15. The move is intended to bring more happiness to public transport users in general and bus riders ...

  MOSCOW / AP US Secretary of State Rex Tillerson arrived in Moscow on Tuesday with an ultimatum for Russia: Side with the US and likeminded countries on Syria, or embrace Iran, militant group Hezbollah and embattled Syrian leader Bashar Assad. It wasn’t clear what the punishment would be for a Russian government that has used its military might to ...