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DUBAI NEWS

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Supporting Suqia Campaign By Digging 10 Wells In 10 Countries
The step is taken in response to HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, call to public and private organisations in the UAE to take part in UAE Water Aid (Suqia) campaign.

DEWA, France’s EDF Discuss Promoting Cooperation
During the visit, which is part of a series of visits by prominent global companies to DEWA, Al Tayer welcomed the delegation and stressed on the importance of enhancing cooperation with French institutions and companies through DEWA’s initiatives, programmes, projects, and investment opportunities

Emirates Foundation And Abdulla Al Ghurair Foundation For Education Sign MOU To Enable Cooperation In Support Of Emirati Youth
The MOU marked the start of a strategic partnership between the two parties through the Al Ghurair Young Thinkers Program.

Dubai Investments Reports Net Profit Of AED 202 Million In Q1 2019
Total assets increased to AED 20.11 billion, compared to AED 19.55 billion as at December 31, 2018; while the annualized return on equity achieved for the period was 6.4%.

DXB Welcomes 22.2 Million Customers In Q1 2019
Dubai International, DXB, has welcomed 22.2 million passengers in the first quarter of 2019, down 2.2 percent from the same period last year due largely to reduced flights and a shift in the timing of the Easter holiday.

Emirates NBD Egypt PMI
"Egypt’s non-oil private sector expanded at the fastest pace since August 2015 in April, as the Emirates NBD Purchasing Managers’ Index hit 50.8.

Emirates NBD Saudi Arabia PMI
"The headline PMI was unchanged at 56.8 last month. Output and new order growth remained firm, but there has been no meaningful growth in private sector employment over the last three months.

Emirates NBD UAE PMI
Latest data pointed to a sharp acceleration in the rate of new order growth at UAE non-oil companies, with the pace of expansion at a 16-month high. Panellists pointed to improvements in market conditions.

Insurance Authority Awards Noor Takaful
The Insurance Authority presented an award to Noor Takaful for Innovation Corner and Happiness Centre developed at Noor Takaful Head Office.

Dubai Islamic Bank Named Best Performing Outlet By Dubai Service Excellence Scheme For Third Successive Year
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today that it has been awarded the ’Best Service Performance Outlet’ for its Emirates Head Quarter branch for 2018, under the Banking Services business category at the Dubai Service Excellence Scheme (DSES).

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