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Abu Dhabi / WAM The Fuel Price Follow-up Committee, chaired by Dr. Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy, on Sunday concluded its meeting at its headquarters in Abu Dhabi and announced fuel prices for March. Diesel prices went up by 2 percent to AED1.40 per liter from the February price of AED1.37. Petrol prices dropped, with ...

Dubai / WAM The UAE, represented by the Ministry of Human Resources and Emiratisation, and the Republic of Mauritius, represented by the Ministry of Labour, Industrial Relations and Employment, have signed a Memorandum of Understanding to enhance cooperation between the two countries in the areas of labour and manpower. Following the signing at the office of the ministry in Dubai, ...

ABU DHABI / WAM The Department of Economic Development (DED) Abu Dhabi, has called on registered companies to amend their articles of association and bylaws so they can be approved as per the guideline form mutually approved by the DED and Abu Dhabi Securities Exchange (ADX). Khalifa bin Salem Al Mansouri, DED’s Acting Under-Secretary, said that this procedure comes as ...

Dubai / WAM Kairat Lama Sharif, the Ambassador of Kazakhstan to the UAE, has emphasised the importance of strong UAE-Kazakhstan relations, revealing that UAE investments in Kazakhstan have surpassed AED2 billion, according to the Kazakhstani Ministry of Investment and Development. He elaborated that trade exchange recorded US$135 million by the end of 2015. Lama Sharif said that Kazakhstan is willing ...

Abu Dhabi / Emirates Business Abu Dhabi Airports has reported a 14.1% increase in passenger traffic at Abu Dhabi International Airport (AUH) for January 2016 compared to the same period last year. A total of 2,154,241 people travelled through AUH last month. “The remarkable growth of Abu Dhabi as a global destination for business and leisure has catalyzed the corresponding ...

ALKESH SHARMA Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation, while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These findings were put on table by the Abu Dhabi-based Insead Business ...

Sharjah / WAM Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in 2015. This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014. The announcement was made during ...

Sharjah / WAM Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in 2015. This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014. The announcement was made during ...

Abu Dhabi / WAM The Board of Directors of Waha Capital has recommended distribution of a cash dividend of 20 fils per share, equivalent to 20 percent of its paid-up capital, for eligible shares. Hussain Jasim Al Nowais, Chairman of Waha Capital, said, “Thanks to our increasingly diversified portfolio of investments, Waha Capital produced a strong performance in 2015 despite ...

Dubai / Emirates Business In line with the Dubai Health Authority’s policy to continue providing specialized medical care to the population of Dubai, the Authority is hosting visiting doctors who are currently practicing medicine in countries such as Germany and Belgium. Abdulrahman Mohammad Al Owghani, Director of General Foreign Relations and Media Department at the DHA said that the doctors ...