Local News

Dubai / WAM The Business Registration and Licensing (BRL) sector in the Dubai Department of Economic Development (DED) issued 1,898 new licenses during October 2018, an increase of 25.8% compared to September (1,509 licenses), as Dubai remained a destination of choice for investment in diverse business sectors. Among the new licenses issued, 62.1% were commercial, 35.5% professional, 1.4% related to ...

DUBAI / WAM The Dubai Diamond Exchange (DDE), in collaboration with Stargems Group, announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over two million carats auctioned. The tenders were held at Almas Tower with around 200 diamond companies in attendance and facilitated by Dubai Diamond Exchange, a subsidiary of DMCC. Earlier ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) awarded contract worth AED288 million to construct two rectangular, reinforced, concrete 60-million-gallon reservoirs in Al Nakhali. This will hold 120 million gallons of desalinated water to increase Dubai’s storage capacity to 1,010 million gallons. Saeed Mohammed Al Tayer, MD and CEO of Dewa, said, “This project supports directives of HH Sheikh ...

Dubai / WAM Businesses in Dubai displayed a brighter outlook for the months ahead with stronger sales and revenues expected due to new projects and seasonal increase in tourist arrivals. The quarterly business survey of the Department of Economic Development (DED) also showed that more than 88% of the businesses foresee stronger or stable results throughout the rest of the ...

Dubai / WAM The Sharjah Chamber of Commerce and Industry (SCCI), discussed ways to develop economic relations with Hungary, as well as enhance bilateral cooperation and mutual exchange in different sectors between the business communities. The discussions took place during a business forum that was organised by the Chamber at its headquarters, in presence of Waleed AbdelRahman BuKhatir, Second Vice ...

Dubai / Emirates Business DP World, UAE Region has been recognised for its significant contribution to the UAE’s trade and outstanding performance by winning the Port and Terminal Operator Award at the prestigious Seatrade Maritime Middle East Awards. The Award was received by Abdulla Bin Damithan, Chief Commercial Officer, DP World, UAE Region at a gala ceremony in the presence ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of Abu Dhabi Food Control Authority (ADFCA), the ninth edition of SIAL Middle East, the exclusive regional food, beverage and hospitality trade event, will run from December 10-12 at the Abu Dhabi National Exhibition ...

Dubai / Emirates Business Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai, Annual Investment Meeting (AIM), the premier event in foreign direct investment in the Middle East and North Africa, has launched the preparatory actions for its 9th edition on April 8-10, 2019 in Dubai. In ...

Dubai / WAM The UAE has made a new leap in the Global Competitiveness Index (GCI), according to the recent Global Competitiveness Report issued by the World Economic Forum (Davos) 2018, where the country has advanced 18 places in “ICT Adoption” from 24th to 6th place in the world. This theme measures the efficiency of the telecommunications sector in countries ...

SHARJAH / WAM Sheikh Sultan bin Ahmed Al Qasimi, Humanitarian Envoy of The Big Heart Foundation (TBHF), and Chairman of Sharjah Media Corporation (SMC), opened the hospital built by The Big Heart Foundation in collaboration with the Medicines Sans Frontieres – Doctors without Borders, in Cox’s Bazar district of Bangladesh. The AED3 million hospital aims to offer lifesaving aid and ...