February, 2018

• 14 February

  Emaar Properties’ operating profit up 16%

  Dubai / WAM Emaar Properties recorded a net operating profit of AED 5.704 billion during full-year (January to December) 2017, a growth of 16 percent over the FY 2016 net operating profit of AED 4.917 billion. Total revenue for FY 2017 increased by 21 percent to AED18.812 billion, over FY 2016 revenue of AED 15.540 billion. In 2017, Emaar successfully ...

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• 14 February

  7th WGS to take place on Feb 17-19, 2019

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has issued instructions that the seventh session of the World Government Summit is to run from February 17-19, 2019. This was announced by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future and Chairman of ...

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• 14 February

  Second round of Global Blockchain Challenge launched

  

  DUBAI / WAM The Smart Dubai Office (SDO), is once again partnering with global innovation network Union to organise the second round of the Global Blockchain Challenge. The competition seeks to source strong and innovative Blockchain start-ups from around the world to contribute to the implementation of the Dubai Blockchain Strategy 2020 which was announced in October 2016 by the ...

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• 14 February

  Union Coop awarded ISO certification for IT

  DUBAI / WAM Union Coop was awarded the ISO/IEC 27001:2013, Information Security Management System Certificate for its IT Department. The certificate was awarded by Bureau Veritas, a leading Certification Body. Marwan Aridi, Certification Manager at Bureau Veritas, presented the certificate to Aiman Othman, Director of Information Technology Department. “Gaining this certificate proves the efficiency of our information security systems,” Othman ...

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• 14 February

  GulfNav reports 7 percent rise in gross profit

  Dubai / Emirates Business Gulf Navigation Holding PJSC announced its financial results for 2017 achieving 7 percent increase compared to 2016 with a gross profit of AED 49 million. This achievement comes as a result of the company’s vision and efficient strategic plans set to position Gulf Navigation as one of the largest integrated marine services provider in the region. ...

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• 14 February

  UAE has made progress in establishing comprehensive government systems

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday visited the Abu Dhabi Unified Government Services System, Tam, platform at Yas Mall. During his visit, he was briefed about the mechanism of the system, which provides government services to customers in Abu ...

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• 14 February

  ADNIC posts AED227.3mn profit

  

  ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Wednesday its financial results for the year 2017. The company reported strong results with its net profit of AED227.3 million for 2017, representing an increase of 11 percent over the same period last year. Commenting ...

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• 14 February

  flydubai adds Kinshasa to its African network

  

  Dubai / WAM Dubai-based flydubai has announced the start of flights to Kinshasa, the capital of Congo from April 15. The daily flights will operate with an en route stop in nearby Entebbe and will also be available for booking through the Emirates codeshare agreement. flydubai becomes the first UAE carrier to operate flights to N’djili Airport (also known as ...

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• 14 February

  ADNOC’s ICV strategy to boost its partnership with UAE private sector

  

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday, that it has launched the implementation phase of its new In-Country Value (ICV), strategy, aimed at increasing the company’s ICV contribution and strengthening its relationship with the UAE’s private sector. All business partnerships with ADNOC now include an ICV assessment as part of the tender evaluation ...

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• 14 February

  UAE leads development towards future: Al Qassim

  

  Dubai / WAM Dr Hanif Hassan Al Qassim, Chairman of the Geneva Centre for Human Rights Advancement and Global Dialogue, highlighted the key role of the World Government Summit (WGS 2018), which concluded on Tuesday in Dubai, in bringing together leading international politicians, government leaders, intellectuals, experts, economists and people in business. This type of gathering does not happen in ...

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