Sharjah 30-07-2019 / WAM Air Arabia, the first and largest economic carrier in the Middle East and North Africa, received its second Airbus A321neo LR. The new non-stop aircraft from Hamburg, Germany, flew to Sharjah International Airport. The second A321neo LR is joining the Air Arabia fleet to allow the …
Read More »Start registering for an “innovative” business incubator program
Abu Dhabi 30-07-2019 StartAid, a business accelerator at New York University Abu Dhabi and supported by Tamkeen, in collaboration with the Khalifa Fund for Enterprise Development, has announced the launch of the fifth edition of the Business Incubator’s Intensive Program, which aims to support Emiratis Growth of their projects over …
Read More »South Africa, Uzbekistan discuss investment cooperation with Sharjah Chamber
Sharjah 30-07-2019 / WAM During the meeting, the Sharjah Chamber of Commerce and Industry reviewed high-level diplomatic delegations from the Republic of South Africa and the Republic of Uzbekistan, the most important investment advantages enjoyed by the Emirate of Sharjah, and discussed with them ways to develop and strengthen economic …
Read More »Al Maktoum Airport receives 1.2 million passengers during the first half of 2019
Dubai 30-07-2019 Passenger traffic through Al Maktoum International Airport rose to 1.2 million passengers in the first half of 2019 compared with 517,813 passengers in the same period in 2018. The increase followed the transfer of some flights by a number of airlines during the closure of Dubai International Airport …
Read More »74 initiatives are being implemented within its Green Economy strategy in Dubai
Dubai, 29-07-2019 Roads and Transport Authority (RTA) has implemented 74 initiatives that include a pioneering green economy project to preserve and sustain the environment, improve energy efficiency and use clean substitutes to effectively respond to the UAE’s Green Development Strategy launched in 2012 under the theme “Green Economy for Sustainable …
Read More »The UAE is among the developed countries in the WTO
Abu Dhabi 29-07-2019 The Ministry of Economy confirmed that the two proposals made by the United States of America in the World Trade Organization (WTO) that “States can not declare themselves as developing countries so as not to use the flexibilities granted to developing and least developed countries under the …
Read More »Mubadala’s total profit in 2018 is AED 12.5 billion
Abu Dhabi 29-07-2019 Mubadala Investment Company (Mubadala) today announced the release of its annual report for 2018, which reviews operational performance and significant portfolio growth in various sectors with strong growth potential despite turbulence in global markets in the last quarter of 2018. The Group achieved stable financial results , …
Read More »Sama”: New home mortgages for individuals jump by 429% over the past month
Media In / Riyadh July 29, The monthly statistical bulletin issued by the Saudi Arabian Monetary Agency (Sama) revealed that the number of residential mortgages extended to individuals from all financing institutions from commercial banks and financing companies continued to grow in June this year. Of all real estate financiers …
Read More »Memorandum of Understanding between the Ministry of Economy and Emirates Foundation on Youth Development
Dubai, 29-07-2019 The Ministry of Economy and the Emirates Foundation, an independent national institution working in partnership with the public and private sectors to establish community responsibility and raise the competencies of young people, signed a Memorandum of Understanding on cooperation and joint action and exchange of information and experiences …
Read More »AED 305 billion bank reserves at Central Bank in June 2019
29-07-2019 Abu Dhabi Total bank reserves at the UAE central bank rose to AED 305 billion by the end of the first half of 2019, an increase of 2.5% to AED 7 billion from AED 298 billion in May. According to a report issued by the Central Bank of the …
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