DUBAI / WAM Dubai CommerCity, the first and leading e-commerce free zone in the region, has signed a strategic Memorandum of Understanding (MoU) with Mashreq, one of the leading financial institutions in the UAE. The MoU aims to offer small to medium enterprises (SME) with the ideal ecosystem for setting up their e-commerce business, through providing them with access to ...

Dubai / WAM DP World Limited has handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2021, with gross container volumes increasing by 11.9 percent year-on-year on a reported basis and up 11.4 percent on a like-for-like basis. On a Q3 2021 basis, DP World handled 19.8 million TEU, ...

Dubai / Emirates Business Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, on Tuesday announces the launch of Skyz Tower, a Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding AED475 million. The project will be developed at ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 352,721 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out necessary treatment. As ...

Mohsin and Zuber Issa were looking like the cleverest men in retail. A little over a year ago, the billionaire brothers and buyout firm TDR Capital agreed to acquire a majority stake in Asda Group Ltd from Walmart Inc, in a deal valuing the British supermarket at 6.8 billion pounds ($9.4 billion). This summer they sold the grocer’s distribution centers ...

Amid all the scandals and controversy, Facebook Inc watchers were on pins and needles going into the company’s most hotly anticipated quarterly report in years. In the end, it fell a bit short. But with many expecting far worse, sometimes avoiding disaster is good enough. The social-media company posted third-quarter sales figures that slightly missed Wall Street’s expectations. Revenue in ...

It’s being called the Great Resignation. Quits are at their highest rate in 20 years and no one seems to understand why. One thing is for sure: the labour market has gone weird. People are leaving their jobs without having a new one lined up, pushing up unemployment rates even as wages rise and companies complain they can’t find enough ...

Bloomberg China pledged to help the Taliban “rebuild the country” while reiterating calls for the US to lift sanctions against the new leaders of Afghanistan as the economy worsens. Chinese Foreign Minister Wang Yi made the remarks to a Taliban delegation in Doha, Qatar, during the first high-level meeting between Beijing and the Taliban since it formed an interim government ...

It’s no wonder Boris Johnson is trying to manage expectations for the United Nations’ COP26 climate summit in Glasgow. There are risks in hosting the most important global confab the world has seen in a long time. Key guests may cancel, complain or renege on their promises. Sudden events could intervene. And these are just some of the headaches facing ...

Bloomberg Sudan’s military leader said the prime minister arrested was safe and staying with him at his home, as he looked to quell international criticism over the army’s seizure of power. Premier Abdalla Hamdok is being held for his own safety and will return home “today or tomorrow,” Abdel Fattah al-Burhan told reporters Tuesday in the capital. Khartoum. The detention ...