August, 2017

• 14 August

  Short-term deposits in UAE banks soar to AED439.7bn

  ABU DHABI / WAM Short-term deposits in UAE banks increased by AED27.9 billion during H1, bringing to AED439.7 billion the total value of short-term deposits by the end of June, according to UAE Central Bank statistics. The term ‘Short Term Deposit’ refers to an amount of money placed in a bank or financial institution for a term no longer than ...

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• 14 August

  Abu Dhabi National Takaful posts AED40.9mn Q2 profit

  ABU DHABI / Emirates Business Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, kept the momentum of its strong Q1 performance to achieve a combined net profit of AED 40.9 million (Policyholders & Shareholders before release of Qard Hasan) and an underwriting ...

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• 14 August

  Mohamed offers condolences to families of martyrs

  

  FUJAIRAH, RAS AL KHAIMAH, AJMAN WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday offered his condolences to the families of the nation’s martyrs, who fell while carrying out their duties with the Arab Coalition’s “Operation Restoring Hope,” led by the Kingdom of Saudi ...

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• 14 August

  UAE consumer spending to top $261bn by 2021

  

  Dubai / Emirates Business Consumer spending in the UAE, which amounted to nearly $183 billion in 2016, is forecast to rise at a compound annual growth rate (CAGR) of 7.5% over the next five years to exceed $261 billion in 2021, analysis released by the Dubai Chamber of Commerce and Industry showed. The analysis, based on recent data from Euromonitor ...

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• 14 August

  ADGM registration authority to be granted ICDPPC observer status

  

  ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) Registration Authority has announced that it is to be granted Observer Status of the International Conference of Data Protection and Privacy Commissioners (ICDPPC). ADGM is the only International Financial Centre (IFC) and data protection regulator to be accredited with such status in the MENA region. With Observer Status, ADGM joins ...

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• 14 August

  Six in 10 fresh graduates want to work in UAE

  

  DUBAI / Emirates Business Young job seekers and recent graduates continue to enter the job market in the Middle East and North Africa, competing for entry level jobs very actively. Bayt.com – the Middle East’s #1 Job Site – and YouGov – global online market research company –conducted a survey titled “Fresh Graduates in the MENA”, in which more than ...

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• 14 August

  Large turnout from public, private firms expected for WETEX

  DUBAI / WAM The Dubai Electricity and Water Authority (DEWA), the organiser of the Water, Energy and Environment Technology Exhibition, (WETEX 2017), announced a large expected turnout from public and private institutions that provide environmental solutions and green technologies at the 19th WETEX, which will take place from October 23-25 at the Dubai International Convention and Exhibition Centre. WETEX is ...

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• 14 August

  Jafza’s non-oil foreign trade rose 17% to $80.2bn in 2016

  

  DUBAI / WAM Dubai-based Jebel Ali Free Zone (Jafza), a subsidiary of global trade enabler, DP World, has announced the growing of its non-oil foreign trade by 17 percent from 23.9 million to 27.9 million tonnes in 2016, worth $80.2 billion. Commenting on the announcement, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said, “The value and ...

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• 14 August

  Abu Dhabi farms excel in region in adopting ‘Global GAP’ standards

  

  ABU DHABI / WAM Farms in Abu Dhabi have excelled in the Gulf region in adopting international good agricultural practice standards, Global GAP. The number of local farms that has now obtained the Global GAP certificate has risen to 270, compared to some 110 in 2013 and 2014, a percentage growth of around 145 percent. According to the Abu Dhabi ...

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• 14 August

  Abu Dhabi Ports, Healthpoint ink partnership deal

  ABU DHABI / WAM Abu Dhabi Ports has signed a strategic partnership with Healthpoint, a multi-specialty hospital in Abu Dhabi, to launch a wellness-coaching programme for its employees. Healthpoint is part of Mubadala’s network of world-class healthcare providers. The agreement, signed by Captain Mohamed Juma Al Shamisi, Chief Executive Officer of Abu Dhabi Ports, and Dr Mai Ahmed Al Jaber, ...

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