SHARJAH / WAM The Sharjah Airport International Free Zone (Saif Zone), announced that the Germany-based Schüco International KG is going to base its regional operations in the free zone, after a lease contract was concluded between both entities. Under the agreement, Schüco will lease 14 warehouses covering a total area of 8400 square metre, making it biggest number of warehouses ...

DUBAI / WAM The Business Registration and Licencing (BRL), sector of the Department of Economic Development (DED, Dubai), issued 4,459 new licences in February 2020 that created 11,877 jobs. Among the new licences issued, 72.4 percent were professional, 26.1 percent commercial, 1.1 percent related to tourism and 0.4 percent for industry. Deira accounted for the largest share (2,573), according to ...

Dubai / WAM The UAE Ministry of Economy, in cooperation with the Dubai Future Foundation, organised the Startup Innovation Hackathon at AREA 2071 in Dubai, with the participation of more than 30 startups from across the country and abroad. The hackathon was held in the aim to provide an opportunity for startups and individuals with innovative ideas to take part ...

SHARJAH/ WAM Sheikh Fahim bin Sultan Al Qasimi, Chairman of Sharjah’s Department of Government Relations (DGR) has discussed with Aidan Cronin, Ambassador of Ireland to the UAE, the potential ways of strengthening bilateral relations between Sharjah and Dublin. The two officials have also discussed the need to explore new partnerships in vital sectors including culture, education and innovation. The meeting ...

Dubai / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced the launch of Noor, the third district in its award-winning Midtown community. The launch coincides with the introduction of Deyaar Flexi programme, a programme that provides new home buyers tailored made settlement plans as it suits them best. The newly ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, is marking International Women’s Day by pledging to increase its female workforce by 25 percent over the next five years — the first airline in the country to make this commitment. This follows the International Air Travel Association’s (IATA) voluntary ‘25by2025’ campaign which aims to improve gender balance ...

ABU DHABI / WAM Tatweer for Traffic Assets and Systems Operation and Management was awarded the contract to replace approximately 43,000 streetlights in the capital with energy-efficient LED lights by the Department of Municipalities and Transport – Abu Dhabi City Municipality. The use of energy-efficient street lighting is expected to save some 900 million kWh, valued at approximately AED264 million ...

DUBAI / WAM The International Halal Accreditation Forum (IHAF) has discussed the halal trade facilitation, growth and cooperation strategy, innovations and market trends at the 7th Board of Directors (BOD) meeting in Dubai. During the meeting, the board re-elected Emirates National Accreditation System (Enas) represented by Mohammed Ahmed bin Abdul Aziz Al Shehhi for Chairmanship post and elected Saud Al ...

Bloomberg Singapore sees opportunities to win investments from companies whose supply chains have been disrupted by the coronavirus outbreak, according to Trade and Industry Minister Chan Chun Sing. Speaking after an interview with Bloomberg TV, Chan said the city-state is pursuing a strategy to be “the first one off the blocks” once global economies begin to rebound from the effects ...

Bloomberg An Indian state-run cotton buyer is boosting purchases from farmers to prevent them from making distressed sales as the spreading coronavirus curbs demand in key export markets and causes prices to slump. Cotton Corp of India Ltd has bought about 7.5 million bales (170 kilograms each) from farmers so far in 2019-20, and will buy more if growers offer ...