February, 2016

• 28 February

  Abu Dhabi DED calls on companies for ‘amendments’

  

  ABU DHABI / WAM The Department of Economic Development (DED) Abu Dhabi, has called on registered companies to amend their articles of association and bylaws so they can be approved as per the guideline form mutually approved by the DED and Abu Dhabi Securities Exchange (ADX). Khalifa bin Salem Al Mansouri, DED’s Acting Under-Secretary, said that this procedure comes as ...

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• 28 February

  UAE invests AED2bn in Kazakh

  Dubai / WAM Kairat Lama Sharif, the Ambassador of Kazakhstan to the UAE, has emphasised the importance of strong UAE-Kazakhstan relations, revealing that UAE investments in Kazakhstan have surpassed AED2 billion, according to the Kazakhstani Ministry of Investment and Development. He elaborated that trade exchange recorded US$135 million by the end of 2015. Lama Sharif said that Kazakhstan is willing ...

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• 28 February

  AUH sees 2.15mn passengers

  Abu Dhabi / Emirates Business Abu Dhabi Airports has reported a 14.1% increase in passenger traffic at Abu Dhabi International Airport (AUH) for January 2016 compared to the same period last year. A total of 2,154,241 people travelled through AUH last month. “The remarkable growth of Abu Dhabi as a global destination for business and leisure has catalyzed the corresponding ...

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• 28 February

  Cartier Awards churns out women leaders

  

  ALKESH SHARMA Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation, while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These findings were put on table by the Abu Dhabi-based Insead Business ...

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• 28 February

  Sharjah Islamic Bank posts AED409.9mn profit in 2015

  

  Sharjah / WAM Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in 2015. This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014. The announcement was made during ...

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• 28 February

  Sharjah Islamic Bank posts AED409.9mn profit in 2015

  

  Sharjah / WAM Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in 2015. This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014. The announcement was made during ...

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• 28 February

  Waha Capital recommends cash dividend of 20%

  Abu Dhabi / WAM The Board of Directors of Waha Capital has recommended distribution of a cash dividend of 20 fils per share, equivalent to 20 percent of its paid-up capital, for eligible shares. Hussain Jasim Al Nowais, Chairman of Waha Capital, said, “Thanks to our increasingly diversified portfolio of investments, Waha Capital produced a strong performance in 2015 despite ...

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• 28 February

  DHA to host visiting doctors in March

  Dubai / Emirates Business In line with the Dubai Health Authority’s policy to continue providing specialized medical care to the population of Dubai, the Authority is hosting visiting doctors who are currently practicing medicine in countries such as Germany and Belgium. Abdulrahman Mohammad Al Owghani, Director of General Foreign Relations and Media Department at the DHA said that the doctors ...

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• 28 February

  SEDC, CEPEX to double volume of exports

  

  Sharjah / WAM The Sharjah Exports Development Centre (SEDC) affiliated to the Sharjah Chamber of Commerce and Industry (SCCI) and the Tunisian Exportation Promotion Centre (CEPEX) have discussed doubling the volume of exports of both sides through a series of initiatives and boosting their contribution to Gross National Income (GNI) in addition to exchanging experiences in supporting productivity and industry ...

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• 28 February

  ADX all set to offer ‘Registrar Services’

  

  Abu Dhabi / Emirates Business With a move to facilitate a sustainable economy, while also supporting the process of the integration of the various sectors, the Abu Dhabi Securities Exchange (ADX) will continue to strengthen its role and contribution to the growth, stability, and openness of the economy of the Emirate of Abu Dhabi, as well as to the effective ...

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