Local News

  DUBAI / Emirates Business Dubai Exports, the export promotion agency of the Department of Economic Development (DED), recently participated in BakuBuild, the leading construction industry fair in Central Asia held annually in Baku, the capital of Azerbaijan, along with 16 Emirati companies specialised in building materials. The exhibition was held this year in the backdrop of growing interest among …

Dubai / Emirates Business Dental tourism in the Middle East and Africa is being dubbed the backbone of the region’s ballooning medical tourism industry, with the value of the dental consumables market projected to climb to USD 1.44 billion by the end of 2020. Much of this growth, according to experts, can be laid at the doorstep of technological advances …

  Dubai / Emirates Business Emirates NBD, a leading bank in the region, was honoured by Efma and Accenture with a ‘Bronze Digital Distribution’ award at the 2016 Global Distribution & Marketing Innovation Awards for its innovative mobile-based ‘Fitness Account’. Launched in November 2015, the Fitness Account is a mobile only savings account that allows customers to earn higher interest …

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Ports signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC) and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on a 83,554.58 square metre plot …

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has issued a resolution reshuffling the board of directors of Abu Dhabi Airports Company and appointing Awaida Murshed Ali Murshed Al Marar chair of the new board. …

  ABU DHABI / WAM The Department of Economic Development – Abu Dhabi (ADDED) has signed separate service level agreements concerning investor services with a number of government departments. ADDED signed agreements with Abu Dhabi National Oil Company, the Department of Municipal Affairs and Transport, Abu Dhabi Securities Exchange, Mubadala Development Company, the Emirates Nuclear Energy Corporation, the Media Zone …

  DUBAI / WAM The issues and challenges facing the region’s banking industry were under the spotlight at the Middle East Banking Forum 2016, which took place on Monday at The St Regis Corniche Abu Dhabi. Hosted by the UAE Banks Federation (UBF) in association with The Banker, and held under the theme, “Transforming the Customer Experience”, the forum brought …

  DUBAI / WAM Dubai’s non-oil trade with Belgium nearly doubled over the past six years to reach US$8.5 billion in 2015, accounting for the majority of the country’s non-oil trade with the UAE, it was revealed in a business meeting organised by Dubai Chamber of Commerce and Industry (DCCI) in collaboration with the Chamber of Commerce and Industry of …

  Abu Dhabi / WAM The UAE seeks to attract more than US$70 billion in industrial investments by 2025 in response to directives from Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, a senior government official said on Monday. This will help increase the share of the industrial sector in the country’s …

  Dubai / Bloomberg United Arab Emirates’ production giant Image Nation Abu Dhabi signed a new long-term partnership with the state-backed China Intercontinental Communication Center (CICC) to invest in film and TV. The newly announced Culture China – Image Nation Content Fund will start with an initial capital base of $100 million, split between the two parties, but is expected …