Local News

Careem enters micro-mobility space with Cyacle acquisition

Dubai / Emirates Business Careem has entered the micro-mobility space with the acquisition of UAE-based bikeshare service company Cyacle. Cyacle stations run 24-hours a day via an app, a touch screen kiosk and docking system that releases bikes using a ride code or a member key. Careem’s CXO and co-founder Magnus Olsson said, “This deal means Careem will be able ...

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Ministry, Novartis ink deal to boost strategic drug stockpile

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) signed an agreement with Novartis Middle East on the provision and recycling of the strategic drug stockpile in severe and emergency situations. The agreement includes 31 life-saving and emergency dr-ugs. The one-year-agreement aims at strengthening pharmaceutical security and appropriate response to emer- gency cases, with formation of a joint committee ...

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DLD, Mashreq ink deal on e-mortgage system

Dubai / Emirates Business Dubai Land Department (DLD) signed a license agreement with Mashreq Bank, one of the first banks operating in the UAE, for the use of the e-mortgage system. The agreement was signed by HE Sultan Butti bin Mejren, Director General of DLD, and Arshad Khan, representing Mashreq Bank. Bin Mejren said: “The development and launch of the ...

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Etihad Holidays launches Eid packages for travellers

Abu Dhabi / Emirates Business Etihad Holidays is giving travellers the chance to create unforgettable memories this Eid with a selection of holiday packages starting from AED 1,519 per person. Take advantage of Etihad Holidays’ Eid travel sale and choose from relaxing staycations or quick getaways across Asia, Europe and the US. Etihad Holidays’ has re-launched its booking system, allowing ...

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UAE to chair Global Forum for Migration and Development

GENEVA / WAM The UAE was selected as the 2020 Chair of the Global Forum for Migration and Development (GFMD), at a meeting held at the United Nations in Geneva. The UAE will be the first Gulf country to chair the prestigious global summit. The role will add to the significant international focus on the UAE throughout the course of ...

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Al Masaood expands Renault presence further in Abu Dhabi

ABU DHABI / Emirates Business Al Masaood Automobiles, authorised distributor of Renault in Abu Dhabi and Al Ain and a leading player in Abu Dhabi’s automotive sector, has opened the latest Renault concept store (R-store) and service centre. Located at the embassies area off the Airport Road, the R-store is the first of its kind in Abu Dhabi and will ...

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UAE president receives invitation to attend GCC summit in Makkah

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, received a written message from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud inviting him to the emergency GCC summit in Makkah on May 30. The invitation was received by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu ...

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UAE campaign raises $13.6m for Rohingyas

Abu Dhabi / WAM As the UAE’s campaign to support Rohingya refugees raised around AED50 million ($13.61 million) during the first three days, the authorities are trying to spread its message to more people with support of social media influencers. The latest move is inspired by the UAE’s past experience of receiving unexpected support of people from distant lands since ...

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Dubai Chamber membership grows 20 percent in Q1 2019

Dubai / Emirates Business A total of 6,377 new companies joined Dubai Chamber of Commerce and Industry in the first four months of 2019, bringing membership growth to 20% compared to the 5,316 members accounted for in the same period last year. The number of renewed members reached 39,338 between January and April 2019, marking a year-on-year (y-o-y) increase of ...

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