March, 2019

• 3 March

  Commercial Bank of Dubai wins ‘best local bank in UAE’ award

  

  Dubai / Emirates Business Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has won the coveted “Best Local Bank in the UAE” award at the EMEA Finance Middle East Banking Awards ceremony held at the Shangri-La Hotel in Dubai. The award was received by Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of ...

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• 3 March

  MBRF extends Nobel Exhibition until March 30

  Dubai / WAM The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), announced it will be extending the fifth Nobel Exhibition, held in collaboration with the international Nobel Foundation at Dubai’s La Mer, until March 30. The decision came following directives of the MBRF Chairman, HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, and as a result of the ...

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• 3 March

  Esma’s new energy project to reduce cost of electricity bills by 50%

  ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma) developed its eighth national energy efficiency programme, the TV Efficiency Project, which is expected to reduce the cost of electricity bills by some 50 percent, as well as reduce government subsidies for electricity generation costs, as part of the UAE Green Growth Strategy. The UAE Cabinet has approved ...

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• 3 March

  Sheikh Mohammed receives new envoys

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Sunday received the credentials of several foreign ambassadors to the UAE at the Presidential Palace in Abu Dhabi. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, was also present. His Highness received the ...

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• 3 March

  UAE-Ireland to strengthen economic, commercial ties

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Pat Breen, Minister of Trade, Employment, Business, as well as European Union (EU), Digital Market and Data Protection of Ireland, discussed ways of reinforcing economic and commercial cooperation between the UAE and Ireland. The meeting, which took place in Dubai on the sidelines of the 9th Emirati ...

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• 3 March

  UAB net profit reaches AED77mn in 2018

  

  SHARJAH / WAM United Arab Bank (UAB), reported its financial results for the 12 months ended on December 31, 2018. UAB reported a net profit of AED77 million in 2018 which represents an increase of 345 percent compared to 2017 as the successful execution of its Transformation Strategy paved the way for a return to sustainable profitability. UAB embarked on ...

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• 3 March

  Dafza net profit grows by 5% in 2018

  

  Dubai / Emirates Business The Dubai Airport Freezone Authority (Dafza) announced that its 2019 budget has increased significantly to AED 1 billion. This increase is a reflection of Dafza unwavering commitment to continuously increase its contribution to Dubai trade. Dafza’s investment in new expansion projects is estimated to be around AED 780 million representing 78% which comes in support to ...

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• 3 March

  Dubai Municipality to build 50 new playgrounds by year-end

  

  Dubai / WAM Dubai Municipality has begun building 50 playgrounds and squares for children in residential areas throughout the city. The project, carried out under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, is a result of his keenness to provide residents with healthy lifestyles, ...

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• 3 March

  UAE flights to Quetta, Lahore resume

  

  Abu Dhabi / WAM The UAE General Civil Aviation Authority (GCAA), announced the resumption of flights to Pakistan and allowed airlines registered in the UAE to resume flights to Quetta International Airport and Allama Iqbal International Airport in Lahore. The move, GCAA said, follows the positive developments in Pakistan.

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• 3 March

  Exhibitors report strong sales at Dubai Boat Show

  

  Dubai / Emirates Business The 27th edition of the Dubai International Boat Show (DIBS), came to an end, with many exhibitors reporting strong sales – including debut deals for the world’s first “flying” yacht, born and developed right here in the UAE. ENATA’s Foiler – which mimics the sensation of flying through its unique design – was one of the ...

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