July, 2018

• 29 July

  AED1bn in wages transferred via WPS in 5 years

  ABU DHABI / WAM Around AED1 billion worth of wages was transferred through UAE Wages Protection System (WPS) during the period from 2013 through 2017. According to CBUAE statistics, salaries transferred thro-ugh WPS has been on a rise over past five years, increasing from AED147 million in 2013 to AED170.6 million in 2014. In 2015, AED196 million worth of salaries ...

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• 29 July

  Dafza cuts business set-up fees up to 65%

  

  DUBAI / WAM Dubai Airport Freezone Authority (Dafza) has reduced business set-up cost by up to 65 percent, as part of its aim to increase its regional competitiveness and activate a number of key sectors by attracting Foreign Direct Investment (FDI). Supporting Dubai’s efforts to become an ideal destination for investment and prosperity, the decision will help achieve further stability ...

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• 29 July

  ‘Apple Pay’ activated in RTA app

  

  DUBAI / WAM The Roads and Transport Authority (RTA) in Dubai has launched Apple Pay feature enabling customers using iPhones to process the payment of several fees in a quick and safe environment via RTA Dubai app. The RTA has thus become one of the first government departments in the emirate to use this technology. The step reflects RTA’s endeavours ...

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• 29 July

  Deyaar first-half net profit hits AED65.2 million

  DUBAI / Emirates Business Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first half of 2018, ending on June 30, demonstrating that the company had a solid start to the year. Deyaar reported revenues of AED314 million for the six months ending June 30, 2018, a 0.7 percent ...

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• 29 July

  Emaar Malls net profit grows by 8% to reach $300mn in H1

  

  Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, recorded a growth of 8 percent in its net profit for the first half (January to June) 2018 to AED 1.102 billion ($300 million) compared to the H1 2017 net profit of AED 1.021 billion ($278 million). Revenue for half-year 2018 is AED ...

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• 29 July

  Tajer Abu Dhabi expanded to all UAE, GCC residents

  

  ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED), announced on Sunday that it has expanded its Tajer Abu Dhabi licence package by opening it up to all GCC nationals and UAE residents and increasing the number of eligible commercial activities to 1,057; all exempted from having a physical presence or an office. The department has also ...

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• 29 July

  FANR receives ISO ‘security’ certificate

  

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), has been awarded the ISO 27001 Certification for Information Security Management. The ISO 27001 is a framework that helps organisations manage and protect their information internally and externally. The certification will support FANR by identifying information-related risks and developing the needed controls in order to minimise them. The certification ...

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• 29 July

  Dubai SME celebrates opening of new incubator

  

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED), in Dubai mandated to develop the small and medium enterprise (SME), sector, marked the opening of ‘The Co-working Popup,’ the latest business incubator to come on stream in the emirate following the introduction of the new regulations for ‘Incubators and Business Accelerators earlier this year. Abdul ...

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• 29 July

  WGES 2018 tackles disruptive digital solutions

  

  DUBAI / WAM Inspired by the growth of digital technologies and Artificial Intelligence (AI), in boosting the economy, the annual World Green Economy Summit (WGES 2018), will focus on developing the digital economy and integrating it with the green context. The summit is a strategic platform to share and exchange knowledge and bring to focus new technologies that drive the ...

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• 29 July

  Dubai Police, TRA discuss ‘AML’ tech use

  Dubai / WAM The General Operations Administration of the Dubai Police and the Telecommunications Regulatory Authority (TRA), have discussed the use of “Advanced Smart Phone Positioning Technology,” known as AML, which uses satellite technology, in operations rooms around the country. The technology, which was launched by the Dubai Police in March, can accurately identify the locations of those calling the ...

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