14-03-2019 Media in\ Dubai The sixth edition of the “Small and Medium Enterprises Summit 2019” organized by the Mohammed Bin Rashid Establishment for the Development of Small and Medium Enterprises, one of the institutions of the Department of Economic Development (DED), was launched in Dubai today.The summit, held in partnership with …
Read More »$ 5.86 billion in Etihad revenue in 2018
Media in \Abu DhabiEtihad announced revenues of $ 5.86 billion in 2018 as a result of the company’s market share in high-yielding markets, rationalization of cost base and improved cash flow, reflecting a 15% improvement in core operating performance.This came at a press conference held at the company’s headquarters in …
Read More »“Free Abu Dhabi Airports” reduces company incorporation fees by 65%
13-03-2019 Media in\ Abu Dhabi The Abu Dhabi Airport Free Zone (ADEC) has announced a 65% reduction in company incorporation fees in a move to enhance and improve customer satisfaction that contributes to regional competitiveness, attracting foreign direct investment and supporting Abu Dhabi Government efforts to enhance the competitive environment. …
Read More »A proposal to allow free zone companies in the state to put their shares for public subscription
13-03-2019 Media in\ Abu Dhabi The Securities and Commodities Authority (SCA) has announced a draft amendment to its Chairman’s decision concerning the public shareholding system. The free zone companies have been added to the decision, which means that these companies will be allowed to put their shares to public subscription. …
Read More »Abu Dhabi’s non-oil trade rises to 170 billion dirhams in 2018
13-03-2019 Media in\ Abu Dhabi Abu Dhabi’s non-oil foreign trade reached AED 170 billion in 2018, an increase of 6.8% compared to AED 156.2 billion in 2017. The increase in the trade of the emirate was supported by the increase in the value of non-oil exports, which amounted to 27.7 …
Read More »DP World supplies Berbera port with the first of three new mobile cranes
13-03-2019 Media in\ Dubai Dubai Ports World (DP World) has announced the supply of three mobile cranes worth US $ 12 million (44 million dirhams) as part of its plan to turn the port into a hub in the Horn of Africa. The upgrade of the port’s vital facilities and …
Read More »The Public Debt Act provides the Central Bank with an additional liquidity management tool
13-03-2019 Media in\ Abu Dhabi The UAE Central Bank has confirmed that after the issuance of the Public Debt Law, it is in a position to conduct open market operations, ie, the sale of government bonds to banks to absorb or pump liquidity, which will deepen the domestic capital market. …
Read More »Smart Dubai Wins ‘Interactive Innovation’ Award at South Bay South West 2019
13-03-2019 Media in\ Dubai Dubai Smart has been awarded the “Innovation Interactive” award by KPMG, an international auditing, taxation and consulting firm at the South Bay South West SxW 2019, which concluded the Smart Dubai participation in its 22nd edition in Texas In the United States from 8 to 17 …
Read More »Export Credit Union completes first batch of “National Accelerators”
13-03-2019 Media in\ Dubai The company announced the completion of the first batch of the national accelerators program, which enhances the Emiratisation efforts in the company and supports the country’s strategy to raise the rate of job resettlement in all vital sectors. The National Acceleration Program – an initiative of …
Read More »South Energy signs an agreement to implement its first solar projects
13-03-2019 Media in\ Dubai South Energy, the energy arm of Dubai South, has signed an agreement with HCCT Technical Services, one of the leading solar, engineering, procurement and construction contractors in the field of solar energy approved by Dubai Electricity and Water Authority (DEWA) to install a photovoltaic power system. …
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