July, 2018

• 30 July

  MH370 was ‘manipulated’ off course to its end, says report

  

  Bloomberg Malaysia Airlines Flight 370, missing since 2014, was probably steered off course deliberately and flown to the southern Indian Ocean, according to the Malaysian government’s safety report into the disaster. MH370 vanished on March 8, 2014, en route to Beijing from Kuala Lumpur with 239 people on board. Investigators have never been able to explain why the jet abandoned ...

  Read More »
• 30 July

  American Airlines relents on allowing carry-on bag with discount airfare

  

  Bloomberg American Airlines Group Inc. is ending the carry-on bag fee for customers of its “basic economy” discount fare, caving in to pressure from competitors’ more generous policies. The change, which applies to domestic and short-haul international flights, takes effect from September 5, Fort Worth, Texas-based American said as it announced second-quarter financial results. “It got to the point we ...

  Read More »
• 29 July

  UAE presents best models of friendship to the world

  ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance, said that the UAE, since its establishment by the late Sheikh Zayed bin Sultan Al Nahyan, presented leading models of friendship and community harmony to the world, with its various residents of many races, religions and cultures. He made his statement on the occasion of the annual ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »