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RAS AL-KHAIMAH / WAM A delegation from RAK International Corporate Centre (RAKICC), a premium corporate registry for International Business Companies (IBCs), has travelled to Cyprus this week. Led by RAKICC CEO, Joe Moynihan, the delegation held meetings with potential partners and industry advisors to discuss the benefits of international businesses incorporating in RAKICC. While in Cyprus, Moynihan also spoke at ...

Dubai / Emirates Business Xpress Money has recorded a 12% increase in remittances in the first two weeks of Ramadan as compared to the same period last year. The increase is reflected in outward remittances to South Asia, the Levant and other parts of the MENA region. “Ramadan is the month of giving, and we traditionally witness that remittances back ...

LONDON / Reuters OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market. OPEC and allied non-OPEC producers agreed on May 25 to extend an existing supply cut into 2018, ...

Abu Dhabi / WAM The amended executive regulations of this year’s Federal Traffic Law No. 21 will be implemented from July 1, as per Ministerial Resolutions 177 and 178 (2017) regarding traffic control rules and procedures. Brigadier Ali Khalfan Al Dhaheri, Director-General of Central Operations at Abu Dhabi Police, called on drivers to follow traffic rules and laws while confirming ...

Dubai / WAM HH Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has contributed AED 1 million as ‘Edeya’, or Eid gift, Dar Al Ber Society’s orphans on the auspicious occasion of Eid Al-Fitr. Khalfan Khalifa Al Mazrouie, Chairman of Dar Al ...

Sharjah / WAM Over 2,300 officials are participating this year in the Rationalisation Hour initiative launched two years ago by the Sharjah Electricity and Water Authority (SEWA), and approved by HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Accordingly, 2.30pm to 3.30pm the peak hour of electricity usage is observed as Rationalisation Hour ...

Abu Dhabi / WAM A total of 34,250 children have benefited from the Emirates Red Crescent (ERC), Eid clothes project worth about AED 3 million within the UAE, and in 60 countries around the world. The value of the ERC’s Eid clothes donations within the country reached AED1.4 million, which benefitted 2,500 orphaned children and children in need. The value ...

Dubai / Emirates Business Greenline Interiors (GLI), part of the Greenline Group, has won the AED 140 million contracts for the Wafi Hotel project in Dubai and Shaza Hotel in Riyadh. The projects will see GLI bringing its superior fit-out services to Riyadh and Dubai, where the company has also recently been awarded the Bay View Hotel and Jewel of ...

Sharjah / Emirates Business Sheraa (Sharjah Entrepreneurship Center) – a launch pad for aspiring young entrepreneurs in the UAE – launched a Ramadan Giving Program where the Sheraa team and other participants introduced orphans supported by the Sharjah Social Empowerment Foundation (SSEF) to the world of entrepreneurship. The initiative is the result of a collaboration with ‘The Mawada Project’, an ...

Sharjah / Emirates Business Signaling a groundbreaking achievement for the UAE and the Arab world, Sharjah has been crowned with the prestigious ‘World Book Capital’ title for 2019 by United Nations Educational, Scientific and Cultural Organisation (UNESCO). The honour is a recognition of the emirate’s pioneering role in supporting and expanding the local and regional publishing industries, promoting reading to ...