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Bloomberg Shares in Ferrari NV tumbled the most in more than two weeks after the luxury sports carmaker issued a recall for 2,222 of its vehicles in China, telling owners there may be some problem with the brakes. According to Bloomberg Intelligence data, that’s the equivalent volume of almost every car Ferrari has sold in the country since 2018 ...
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April, 2022
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23 April
Emirates Stallions to manage AED8bn Reem Hills project
Abu Dhabi / WAM Emirates Stallions Group PJSC subsidiary, Royal Development Company (RDC), a property management firm, have been appointed by Q Properties to manage Reem Hills, the recently launched AED8 billion luxury residential project on Abu Dhabi’s Reem Island. With the first phase due for completion in December 2024, Royal Development Company will manage the project in its ...
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22 April
UAE condemns two terror attacks in Afghanistan
Abu Dhabi / WAM The UAE has strongly condemned the two terror attacks in Afghanistan, one of which targeted a mosque in Mazar-e-Sharif, in which a number of civilians were killed and injured. In a statement on Friday, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that, “the UAE expresses its strong condemnation of these criminal acts ...
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22 April
Dubai sees AED6.3bn in week-long realty deals
Dubai / WAM About 2,145 real estate and property transactions worth AED6.3 billion were conducted in Dubai during the week ending April 22, according to the Land Department of the Government of Dubai. Two hundred and twenty-five plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold for AED3.2 billion, said a Land Department statement on ...
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22 April
Abu Dhabi, South Korea ink deal to promote investment opportunities
Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korea Federation of Small and Medium Business (KBIZ) signed a cooperation agreement to strengthen economic and trading relationships between their respective members. Signed in Abu Dhabi, the cooperation agreement stipulates that both parties shall support the business environment as a global system for positive partnerships ...
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22 April
Sharjah Islamic Bank’s net profit up 13.9% in Q1 2022
Sharjah / WAM Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 17.1%, amounting to AED 248.5 million for the first quarter 2022, compared to AED 212.2 million for the same period of the previous year. Net profit amounts to AED 187.0 million for the quarter ended March 31 compared to AED 164.2 million ...
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22 April
Medyaf launches ‘explore tourism industry in Dubai’
Dubai / WAM Medyaf, the industry nationalisation initiative at Dubai College of Tourism (DCT), part of Dubai’s Department of Economy and Tourism, has launched the ‘Explore the Tourism Industry in Dubai’ initiative. Designed to empower Emirati talents seeking to join the tourism workforce with the fundamental knowledge and skills, the initiative offers an immersive programme of interactive workshops, field ...
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22 April
UAE takes part in meet to confront illegal Israeli policies in Jerusalem
Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, headed the UAE delegation to the fourth meeting of the Arab Ministerial Committee in charge of international action to confront illegal Israeli policies and measures in the city Jerusalem. The meeting was held at the invitation of the Hashemite Kingdom of Jordan in its capacity as Chair of ...
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22 April
Abu Dhabi, South Korea ink deal to promote investment opportunities
Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korea Federation of Small and Medium Business (KBIZ) signed a cooperation agreement to strengthen economic and trading relationships between their respective members. Signed in Abu Dhabi, the cooperation agreement stipulates that both parties shall support the business environment as a global system for positive partnerships ...
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22 April
Medyaf launches ‘explore tourism industry in Dubai’
Dubai / WAM Medyaf, the industry nationalisation initiative at Dubai College of Tourism (DCT), part of Dubai’s Department of Economy and Tourism, has launched the ‘Explore the Tourism Industry in Dubai’ initiative. Designed to empower Emirati talents seeking to join the tourism workforce with the fundamental knowledge and skills, the initiative offers an immersive programme of interactive workshops, field ...
Read More »