UAE

Media IN DUBAI, 28th May, 2019 WAM The UAE Cabinet adopted a decision to amend and waive fees for a number of federal services within the framework of Government’s effort to enhance the national economy, reduce costs to business owners and increase the competitiveness of the UAE. The decision promotes …

Media IN Sharjah, 28th May, 2019 WAM Sharjah Islamic Bank, SIB, has welcomed Standard & Poor’s (S&P) decision to upgrade credit long-term rating of the bank from BBB+ to A- with a stable outlook. The upgrade is based on S&P’s considering SIB to be a highly systemically important bank in …

Media IN Abu Dhabi: 28-05-2019 Mubadala Aerospace’s Turbine Services & Solutions (TS&S), the leading Maintenance Repair and Overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, has unveiled a new identity for its MRO business. Now known as Sanad Aerotech, the new identity marks an important moment in …

Media IN Dubai, 28-05-2019 A total of 6,377 new companies joined Dubai Chamber of Commerce and Industry in the first four months of 2019, bringing membership growth to 20% compared to the 5,316 members accounted for in the same period last year. The number of renewed members reached 39,338 between …

Media IN Dubai 28th-May-2019 The government announced that Ten-year visas for UAE residents are now available for AED1,150,. The visas will be available for investors or their senior employees, as well as those with specialised skills or researchers in various scientific and knowledge fields. The visas will be available for …

Media IN Abu-Dhabi 28-May-2019 Careem  on Tuesday acquired UAE-based bike-sharing company ‘Cyacle’, the company said . Though the financial terms of the deal were not disclosed. As part of the agreement between Careem and Cynacle, a new app will be made available to users through iOS and Android. Users will …

Media IN VIENNA, 28th May, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$67.42 a barrel on Monday, 27th May, compared with US$67.40 the previous Friday, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN Abu Dhabi 28th May 2019  Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, today announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has successfully closed the Republic of Guinea’s largest-ever project financing for a greenfield mining project, in …

ADX & DFM Companies’ Combined profits is AED19.45 bn in Q1-2019 Media IN Abu Dhabi, 28th May, 2019 WAM The combined profits of companies listed in Abu Dhabi Securities Exchange and Dubai Financial Market amounted to AED19.45 bn in Q1-2019, which is almost the same amount booked in previous quarter, …

Media IN Dubai 27th, May 2019 Dubai Customs has launched a new disruptive berthing service for the vessels using Dubai Creek. The new system – Smart Vessel Berthing System – will help vessels load and unload their goods with the help of an advanced AI-based service. It was built in-house …