UAE

Media IN ABU DHABI, 21st June, 2019 WAM According to statistics recently released by SCA, Capital of government companies listed by the Securities and Commodities Authority (SCA) currently stand at circa AED190.4 billion. The insurance sector accounts for the largest listed firms, 35, followed by the service sector, 29; banking, …

Media IN ABU DHABI, 21st June, 2019 WAM Etisalat is set to invest AED4 billion in network upgrade in 2019, according to a senior executive Industry players said 5G, with high speed, low latency of less than 1 millisecond, high throughput to handle huge amount data and reliability will power …

Media IN Dubai: 21st-06-2019 The report prepared by the International Labour Organisation (ILO), and issued by its Committee of Legal Experts has praised the high rate of women’s participation in economic activities in the UAE. A discussion of the report took place at the 108th session of the International Labour …

Media IN ABU DHABI, 21st June, 2019 (WAM) According to the Airport Council International (ACI) World, the aviation sector in the UAE is expected to attain AED323.6 billion ($88.1 billion) by 2030,   Last year the sector contributed 15 percent to the country’s GDP. The expected increase comes as Airport Council …

Media IN Abu Dhabi 21st-06-2019 Fitch Ratings announced it has affirmed the long-term issuer default rating (IDR) UAE-based Emirates Development Bank (EDB) at ‘AA-‘ with a stable outlook. The New York-based credit rating agency has also maintained the bank’s short-term IDR at ‘F1+’, according to a press release. The bank’s …

Media IN Dubai 21st-06-2019 The United Arab Emirates participated in the Indian Ocean Rim Association (IORA)’s biggest trade event of the year entitled, “Modernising Trade in the Indian Ocean Rim Conference” which concluded today in Durban, South Africa. The three-day conference gathered more than 100 delegates from IORA Member States, …

Media IN DUBAI, 17th June, 2019 (WAM) The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, issued 2,599 new licenses during May 2019, a growth of 50 per cent compared to May 2018 (1,736). The new licenses created 8,348 jobs in the labour market. …

Media IN Dubai 17th-06-2019  WAM: The mobile satellite services subsidiary of the Al Yah Satellite Communications Company (Yahsat), Thuraya Telecommunications Company,  today launched  its newest smart solutions for the fast growing APAC market at CommunicAsia 2019. The role of mobile satellite communications in shaping a connected future is certainly not …

Abu Dhabi, 17-06-2019 The Board of Directors of the Central Bank recently held its fifth meeting for 2019 under the chairmanship of the Chairman of the Board of Directors at the headquarters of the Bank in Abu Dhabi. The meeting was attended by Deputy Chairman and Governor of the Central …

Media In / Abu Dhabi / WAM June 17, 2019 The value of Islamic bonds and instruments approved by the Securities & Commodities Authority (SCA) for listing in local capital markets reached AED 7 billion in 2018, reflecting the strong activity witnessed by the sector during that period. It is …