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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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Dubai / WAM Dubai Business Events (DBE), the city’s official convention bureau, has reported strong results for the first half of 2018, with 125 successful bids to host business events, reflecting a 29 percent increase over the same period last year. Conferences, meetings and incentive programmes secured in the first six months of the year, including from bids submitted in ...