Media In – Umm Al Quwain 13 August 2018 / WAM His Highness Sheikh Saud bin Rashid Al-Mualla, Supreme Council Member and Ruler of Umm Al Quwain, has issued a decree on the exemption of owners of rental contracts for the lands of Umm Al Quwain Industrial Authority. Decree No. …
Read More »US $ 640 million in trade between the UAE and Norway in 2017
Media In – Abu Dhabi August 2018 / WAM The Ministry of Economy published a reading of Norway’s Trade Policy Review Report prepared by the WTO Secretariat as part of its periodic review of trade policies of Member States. Aisha Al-Kubaisi, Director of Trade Policies and International Organizations at the …
Read More »4.2 billion dirhams worth of RAK Chamber members’ exports in 6 months
Media In – Ras Al Khaimah 13 August 2018 / Ras Al Khaimah Chamber of Commerce and Industry (RCCI) announced that its certificates of origin reached 13,900 certificates during the first six months of this year, with exports of AED 4.2 billion in the first half of 2018. Dr. Ahmed …
Read More »AED 2.608 billion in ADNOC Distribution during the first half of 2018
Media in Abu Dhabi, August 13, 2018 (WAM) ADNOC Distribution recorded a gross profit of AED 2.608 billion for the first six months of June 30, 2018, an increase of 24 per cent over the same period last year, while profits before tax, depreciation and amortization increased to AED …
Read More »Launch of the UAE Doing Business and Investment Opportunities Guide in London
Media In – London 12 August 2018 / WAM The Ministry of Economy, in partnership with the British Institute for Export and International Trade, has released the second edition of the Doing Business in the United Arab Emirates, which was launched in London. The guide is intended primarily to provide …
Read More »Abu Dhabi Securities Exchange allocates AED 23.4 billion in cash dividends on behalf of listed companies
Media In – Abu Dhabi 11 August 2018 / WAM Abu Dhabi Securities Exchange (ADX) has announced a cash dividend of more than AED 23.4 billion for 406,000 eligible investors on behalf of listed companies in 2018. The Abu Dhabi market offers one of the world’s largest cash dividend rates …
Read More »Net profit of Emirates Investment Bank (EIB) was AED 11.81 million
Media in – Dubai 9 August 2018 / During the second quarter of 2008, Emirates Investment Bank posted a 33.3% growth in net profit to AED 11.81 million compared to AED 8.86 million in the second quarter of 2017. Net profit for the first half of 2018 increased by 5.6% …
Read More »5.6% Savings on the Empower summer campaign for better cold during the first month
Media In Dubai 8 August 2018, The Emirates Cool Cooling System (CEC) campaign achieved 5.6% savings in district cooling capacity compared to the same period last year. The campaign, launched in July last for three months, aims to reduce the consumption of district cooling energy by maintaining optimum temperature and …
Read More »AED 79.3 billion capital of foreign direct investment in technology transfer in Dubai
Media In Dubai 8 August 2018, Dubai’s economy has witnessed a quantum leap in attracting knowledge-based FDI over the past three years, with investment capital reaching AED 79.3 billion, equivalent to US $ 21.6 billion, ranking the world’s top foreign direct investment (FDI) share of technology transfer. US and …
Read More »ADNOC is considering strengthening strategic partnership with Japan’s energy sector
MEDIA, Tokyo, August 8, 2018 (WAM) Minister of State and Chief Executive Officer of Abu Dhabi National Oil Company (ADNOC) and its group of companies in Tokyo met with Hurshij Seko, Minister of Economy, Trade and Industry of Japan, the partnership and investment opportunities offered by ADNOC’s growth plans in …
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