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Dubai set to reinforce status as a growth hub for SMEs
DUBAI / WAM With Dubai’s economy entering a new phase of development and the government launching initiatives to simplify and reduce the cost of doing business, the emirate is set to become an even...
View ArticleNon-resident deposits in UAE banks top loans by AED64.5b
ABU DHABI / WAM The value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by AED64.5 billion at the end of May 2019 compared to the same period in 2018, according to...
View ArticleUAE entrenched its stature as a global centre, capital of tolerance
ABU DHABI / WAM The initiatives and events that took place in the UAE over the past six months have reinforced its position as a global centre and capital of tolerance. The UAE’s diplomatic message and...
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UAE non-oil private sector economy accelerates in Q2
Dubai / Emirates Business The non-oil private sector economy in UAE accelerated in the second quarter of the year, according to Emirates NBD Purchasing Managers’ Index (PMI) survey for June. The...
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100% foreign ownership in 122 UAE economic activities
ABU DHABI / WAM The UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the sectors and economic activities...
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Dubai Chamber joins global coalition to spur climate action
DUBAI / WAM Dubai Chamber of Commerce and Industry has announced that it has joined more than 450 other chambers of commerce from around the world in signing the Chambers Climate Coalition, a...
View ArticleEmirates deploys two A380s to Muscat
DUBAI / WAM Emirates airline has announced the first arrivals of its double daily A380 services to Muscat. Flights EK 862 and EK 864 were each welcomed with water cannon salutes upon arrival, ushering...
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Emirati banks invest $24.6b in Saudi, Egypt
ABU DHABI / WAM The value of investments of Emirati banks in Saudi Arabia and Egypt increased to AED90.4 billion ($24.6 billion) at the end of the first quarter of 2019, accounting for 15.5 percent of...
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Noor Abu Dhabi a pillar of sustainability plans
ABU DHABI / wam Abu Dhabi is a leading international partner in addressing climate change, with ‘Noor Abu Dhabi’ as a pillar of the emirate’s sustainability plans to preserve the global ecosystem,...
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MySyara unveils Mideast’s first car-maintenance app
Emirates Business The Middle East’s first car maintenance app — MySyara — launched its interactive platform in partnership with Shell Lubricants, providing users with complete car care solutions at...
View ArticleSEC approves AED197.6m in housing support
SHARJAH / WAM The Sharjah Executive Council (SEC) approved the second batch of housing support beneficiaries for 2019. The payment includes 274 beneficiaries acro-ss two categories — 96 grants and 178...
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DLD launches new initiative to attract investors
DUBAi / Emirates Business Dubai Land Department (DLD) announced the launch of the Real Estate Investment Opportunities (REIOs) initiative during a press conference. The new initiative is a new way to...
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Dubai tops Arab world in future-readiness
DUBAI / WAM Dubai ranked first in the Arab world and 11th globally in ‘Future Readiness’ in 2019, according to ‘Global Competitiv- eness of Talent’ report issued by Institute for Administrative...
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UAE citizens can buy Union Coop shares from September
Dubai / Emirates Buisness Union Cooperative, the largest Consumer Cooperative in the UAE, announced that all UAE citizens will soon be able to buy their shares and investing in Union Coop. HE Majid...
View ArticleAdnic creates 195mn newly converted shares
Dubai / Emirates Business Abu Dhabi National Insurance Company (Adnic) has completed the conversion of the mandatory convertible bonds it issued on June 15, 2016 into shares after reaching their...
View ArticleFirst Saudi German Clinics launched in Jumeirah, Dubai
Emirates Business Saudi German Hospitals Group has launched its first Saudi German Clinics at Umm Suqueim3 Jumeriah Road, Dubai, inaugurated by HE Humaid Al Qutami Director General of Dubai Health...
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Factors vital to to meet climate action objectives outlined
ABU DHABI / WAM Experts at the path-breaking Abu Dhabi Climate Meeting, the precursor to the UN Climate Action Summit set to take place in September 2019 in New York, outlined a series of key...
View Article‘Falcon Eye’ to strengthen national security
ABU DHABI / WAM The UAE’s new satellite ‘Falcon Eye’ — which will be launched into orbit next Saturday – has taken four years to be ready, going through several stages, ending up in being shipped from...
View ArticleUAE central bank issues commemorative coin
ABU DHABI / WAM Central Bank of the UAE has issued a commemorative silver coin and a commemorative one Dirham coin, on the occasion of celebrating the 50th anniversary of establishment of Commercial...
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AED240mn Albania infrastructure projects launched, says ADFD
TIRANA / WAM Abu Dhabi Fund for Development, ADFD, has launched infrastructure projects in Albania valued at AED240 million ($65 million). A delegation of the fund led by Adel Al Hosani, Director of...
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