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Abu Dhabi / WAM Aldar Properties has announced a contribution of AED36 million to Sandooq Al Watan, the National Fund entrusted with the responsibility of promoting sustainable development, a decent life and a bright future for all the people of the UAE. The contribution was personally made by Aldar’s Chairman, His Excellency Mohamed Khalifa Al Mubarak. Aldar’s latest contribution to ...

DUBAI / WAM Enoc Group unveiled on Sunday that its sales volume in 2017 reached 249 million barrels, underpinned by the group’s strategic expansion of trading activities, retail operations, energy storage and petroleum product marketing efforts. Saif Humaid Al Falasi, Group CEO of Enoc, said, “The UAE is an integral player in the global energy landscape and is at the ...

DUBAI / Emirates Business A unique world-class pioneering project to facilitate and support the growth of local and international entrepreneurs and position the UAE as a leading light in global business innovation is being brought forward by Al Ahli Holding Group. The Dubai-based multi-diversified conglomerate is behind Nomad, a highly ambitious one million square foot entrepreneur and media hub which ...

Dubai / WAM Cargo traffic at Dubai World Central (DWC) grew 8.9% during the first quarter of 2018, according to a report issued on Sunday by operator Dubai Airports. DWC handled a total of 229,831 tonnes of freight between January and March 2018, an increase of 8.9% compared to 211,144 tonnes during the corresponding period in 2017. During first three ...

DUBAI / Emirates Business Shuaa Capital on Sunday announced its Q1 financial results, with the firm maint- aining profitability. While group total revenues increased 4% to settle at AED 33.2 million (Q1 2017: AED 31.8 million), profits retreated to the AED 11.7 million mark (Q1 2017: AED 24.8 million) primarily as a result of lower interest income from its lending ...

DUBAI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) has signed Memorandums of Understanding (MoU) with several national consultancy firms, with the aim of strengthening their cooperation and supporting the flow of foreign investment to the country. The signing of the MoUs took place on Sunday at the ministry’s office in Dubai, and the list of consultancy ...

ISLAMABAD / WAM The UAE and Pakistan have signed a $200 million cooperation agreement to execute Phase III of the UAE Pakistan Assistance Programme (UAE PAP). The signing comes in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, under the support of Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group, will inaugurate the Airport Show, the world’s largest annual B2B airport industry event, on Monday. When the Airport Show opens on over 15,000 square meters of space across three halls of the iconic Dubai International Convention and ...

Dubai / Emirates Business Etisalat on Sunday announced the achievement of a major milestone at Expo 2020 Dubai with the completion of the first phase of construction of two state-of-the-art Points of Presence (PoPs) that will play a critical role as the main interconnection point for the provision of services to the entire Expo 2020 site as well as serve ...

VILNIUS / WAM Prospects of promoting bilateral relations between the two countries were the underlying topic of discussion of the meeting Sultan bin Saeed Al Mansouri, Minister of Economy, had with his Lithuanian counterpart, Virginijus Sinkevicius, with special emphasis on Lithuania’s participation in the EXPO Dubai 2020. The Lithuanian minister said the UAE is the second trade partner of Lithuania ...