Abu Dhabi 30-07-2019 ALDAR has set up 16 contracts worth AED 4 billion for design, supervision, construction and contracting companies to start construction work on five major projects in Abu Dhabi worth more than AED 7.44 billion, which will strengthen Abu Dhabi as one of the best places in the …
Read More »The Ministry of Economy issues a list of 115 services that have been abolished
30-07-2019 Abu Dhabi The Ministry of Economy issued a list of 115 services that were canceled in a step described as coming in implementation of the Council of Ministers Decision No. 51 of 2019 aimed at reducing the fees of government services to enhance the attractiveness of the national economy …
Read More »Lower prices of the “Ibor” in anticipation of the decision of the US Federal
30-07-2019 Abu Dhabi LONDON (Reuters) – Interest rates on interbank (IAB) dirham fell to their lowest levels in several months in a move described as a prelude to the Fed’s decision to cut interest rates at its meetings starting today. Data released by the UAE Central Bank showed interest rates …
Read More »Air Arabia to receive second Airbus A321neo LR
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 , …
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