March, 2016

• 2 March

  DIB to distribute 45% cash dividend

  

  DUBAI / WAM Dubai Islamic Bank (DIB) has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting (AGM). The assembly approved the bank’s 2015 financial statements. For the 12 months ended December 31, 2015, DIB reported a net profit of AED3.83 billion, a significant ...

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• 2 March

  Reem Mall appoints Funtastic to manage retail design, delivery

  

  ABU DHABI / WAM Reem Mall, Abu Dhabi’s major new up and coming retail, leisure, dining and entertainment destination, has appointed Funtastic as Retail Design and Delivery Managers for the US$ 1 billion project. The work on site commenced in late 2015, and the mall is expected to launch in 2018. Funtastic is a design and project management service company ...

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• 2 March

  MoH shuts 7 medical centres for malpractices

  DUBAI / WAM The Ministry of Health and Prevention (MoH) has closed seven health facilities for up to 60 days for violating health regulations and the Code of Professional Ethics as part of its crackdown on medical malpractices. Dr. Amin Hussain Al Amiri, Assistant Under-Secretary for Public Health Policy and License Sector, and Vice-Chairman of the Medical Licensing Committee, said ...

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• 2 March

  EAD gets ISO 22301 award

  ABU DHABI / WAM The Environment Agency- Abu Dhabi (EAD) has been awarded the ISO 22301 Management System Certificate for Business Continuity Management. This certifies that the EAD’s business continuity system is in place, at the highest standards, making it ready and able to continue its operations in the event of any disruption. The certificate was handed over to Dr. ...

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• 2 March

  UAE no more enslaved to swings in oil prices

  

  Dubai / Emirates Business The Global Financial Markets Forum organized by National Bank of Abu Dhabi (NBAD) kicked off in Abu Dhabi on Wednesday. Several national and international policy makers, asset managers, sovereign wealth funds and bankers talked about regional and global financial trends, especially in the banking and capital markets sector. Speaking at the event, HE Sheikh Nahyan bin ...

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• 2 March

  Abu Dhabi to host Microcredit meet

  Abu Dhabi / WAM Global policy makers and microfinance experts will convene in Abu Dhabi from March 14-17 to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion. Under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, the summit will explore how new ...

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• 2 March

  Etisalat, du tie up for ‘Taawun’

  

  Abu Dhabi / Emirates Business Etisalat and du on Wednesday announced ‘Taawun’, a joint initiative to support the long-term vision of the government in developing smart infrastructure and giving customers an opportunity to select their operator of choice for telecom services. It initially includes more than 50 projects and will serve as the model for all new greenfield areas in ...

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• 2 March

  DIB announces 45% cash dividend in 2015

  Dubai / WAM Dubai Islamic Bank (DIB) has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting (AGM). The assembly approved the bank’s 2015 financial statements. For the 12 months ended December 31, 2015, DIB reported a net profit of AED3.83 billion, a significant ...

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• 2 March

  US$1 billion funds to boost start-ups

  RITIKA SHARMA Emirates Business A whopping US$1 billion in startup investment funds will be present at the STEP conference, which will host more than 200 start ups and exhibitors, organisers announced. STEP, the largest tech and interactive gathering in the Middle East to be held in Dubai next month, plans to host more than 5,000 industry leaders and entrepreneurs from ...

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• 2 March

  63 percent credit card holders in UAE unaware of interest rates

  

  Alkesh Sharma Emirates Business Credit cards could be like double-edged swords. They can come to your aid in dire financial situations, but can also land you in soup if used injudiciously. And prudence calls for being aware. It is this awareness that is lacking here! Known globally for the wide circulation of plastic money, residents in the UAE have a ...

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