Local News

DUBAI / Emirates Business UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has broken ground on SE7EN Residences The Palm, a new residential development on the trunk of Palm Jumeirah. The 1.24million feet 2, 14-storey two tower complex, which is being developed by design and build, construction firm Airolink, is worth over half a billion dirhams and is …

DUBAI / Emirates Business The prospect for the higher education sector in the UAE is bright, experts speaking at the forthcoming IPSEF Higher Education Forum say. UAE based universities have grown consistently in enrolments and revenues at a robust compound annual growth rate of 8-10 percent. The overall student base across local and international university campuses in UAE is estimated …

Abu Dhabi / Emirates Business The Emirates ICT Innovation Center (EBTIC), which is based at the Khalifa University of Science and Technology, has announced the launch of the EBTIC Innovation Club (EBTIC-IC) – a dynamic networking platform dedicated to thought leadership and knowledge development in innovation and entrepreneurship in Abu Dhabi and the UAE. The EBTIC-IC aims to stimulate homegrown …

Dubai / WAM Recent forecasts for growth in UAE trade are set to benefit the country’s logistics sector according to DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. A BMI report published recently forecasts a steady rise in trade of 4.35 percent year on year in 2017, driven by a 5 percent growth in imports and exports of …

Abu Dhabi / Emirates Business Abu Dhabi Airports’ VIP Terminal, operated by National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets, signed a partnership agreement with Al Hilal Bank in Abu Dhabi, a progressive Islamic bank, to provide exclusive VIP Terminal access at Abu Dhabi International Airport to top-ranking customers. Abdul Majeed Al Khoori, Acting …

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday inaugurated a youth centre in Dubai deemed as the best in the world, with …

Abu Dhabi / WAM The UAE Excise Tax, due to go into force effective 1st October, shall be collected in e-Dirham only, the Federal Tax Authority has announced. The move goes in line with the UAE government’s strategy to keep pace with the latest technological developments in areas of FinTech and revenue collection and ensure transparency, efficiency and safety in …

Abu Dhabi / WAM The date for the Islamic New Year holiday, 1439 Hijri, for Federal Ministries in the UAE will be on the first day of Muharram, the first month of the Islamic calendar. It was announced that this will be a paid holiday for all private sector employees in the country. The paid holiday was announced in two …

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chairman of Dubai Supreme Council of Energy, has launched the operation of 50 Tesla electric vehicles to the limo fleet of the Dubai Taxi Corporation. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of …

Dubai / WAM DP World Limited announced that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya, TPS, in Indonesia at the end of the agreement in 2019. DP World is a 49 percent shareholder in TPS, which represents a gross capacity of 2.1 million TEUs, twenty-foot containers, out of 85 million …