Local News

Dubai / WAM Bilateral trade between the Emirate of Dubai and the United States of America has risen 76 percent in a decade, said the Director-General of Dubai Customs, Ahmed Mahboob Musabih. Musabih’s remarks were made during a meeting between Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation, PCFC, and ...

Dubai / Emirates Business Emirates is celebrating a milestone in its operations to South Africa, marking 10 years of service to the port city of Durban. The first Emirates flight between Durban and Dubai operated on October 1, 2009, and the airline has since carried over two million passengers on the route. “The past 10 years have been both rewarding ...

Abu Dhabi / Emirates Business The first purpose-built accommodation project at Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, was launched, with housing and community amenities for 5,000 management and operational employees. The 75,000 square metre accommodation plot is located in Area B of Kizad, within the China-UAE Industrial Capacity Cooperation Demonstration Zone, which was established ...

Dubai / Emirates Business Over 15,000 dnata employees around the world teamed up and took part in the company’s unique fundraising activity, ‘dnata runs the world’, to make a positive difference to the lives of others. Across the continents, from Sydney to San Francisco, teams from 26 countries joined the challenge to run combined distance of circumference of the world, ...

Dubai / Emirates Business Often called the city of the future, Dubai has become synonymous with innovation and future-proofing its tourism linked economy. Dubai continues to spearhead sustainability initiatives, cultivating a key pillar within its tourism infrastructure by positioning Dubai as a world leading sustainable tourism destination and commercial hub. Such measures and initiatives remain at the forefront of the ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, chaired on Monday a meeting of the Executive Council at Emirates Towers, Dubai, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. The meeting proceedings saw the Executive Council ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE), on Monday announced that it had signed a $300 million seven-year unsecured term loan with a group of six banks. Abu Dhabi Commercial Bank served as initial mandated lead arranger, bookrunner and underwriter. The loan will be used to repay secured debt and support the future financing needs of the business. FirozTarapore, CEO of ...

ABU DHABI / WAM The value of the UAE’s food and beverage exports grew by 26 percent in 2018 compared to 2017 while the value of its re-exports grew by 28 percent, according to Juma Mohammed Al Keet, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy. He stated this during a meeting organised by the Ministry of ...

Dubai / Emirates Business The UAE is the Middle East and North Africa (Mena) region’s top solar energy producer, according to Top Solar Projects Mena, a report published by Netherlands-based Solarplaza. “Among the top five markets in the Mena region with the largest operational and in-the-pipeline solar projects include the UAE (58%), Egypt (23%), Jordan (10%) and Morocco (6%),” said ...

Dubai / WAM The Dubai Chamber of Commerce and Industry has awarded 18 companies for their Corporate Social Responsibility (CSR), and sustainability efforts for the first half of 2019 during a ceremony held at its premises earlier on Monday. Congratulating the awardees for their achievements, Majid Saif Al Ghurair, Chairman of Dubai Chamber, said, “The Dubai Chamber CSR Label honourees ...