Local News

DUBAI / Reuters Bank of America Merrill Lynch (BAML) and First Abu Dhabi Bank (FAB) are set to join Goldman Sachs in getting roles in the share sale of the UAE real estate development business of Emaar Properties, sources told Reuters on Tuesday. Dubai-based Emaar, the builder of the world’s tallest tower, is considering an initial public offering of up ...

Dubai / Emirates Business The third meeting of the Higher Committee for Consumer Protection (HCCP) under the chairmanship of Sultan bin Saeed Al Mansoori, Minister of Economy, witnessed discussions on various strategies for developing and promoting consumer protection in the UAE’s markets. The HCCP followed up on developments in the implementation of the recommendations forwarded during its previous meetings. Among ...

ABU DHABI / WAM The Industrial Development Bureau of the Department of Economic Development in Abu Dhabi (DED) organised a workshop titled “Developing and Improving the Industrial Licensing Procedures”. The aim of the workshop was facilitating the procedures for the industrial investors by developing and updating the industrial licensing procedures. This step will help reinforce the competitiveness of the industrial ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved new key projects planned to be executed by the Dubai Roads and Transport Authority over the coming period in the run-up to Expo 2020 Dubai, commending the developments already implemented by the authority as well as ...

SHARJAH / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, expressed his hope that efforts being made by Russia, Saudi Arabia and Egypt regarding Astana and Geneva negotiations on the Syrian crisis would yield fruits. “To return to the previous situation in Syria, we need a two-pronged solution: a political one, and the ...

SHARJAH / WAM A Sharjah Book Authority (SBA) delegation travelled to Sao Paulo, Brazil, to visit one of their most important literary institutions, the Brazilian Book Chamber (CBL) and discuss ways of co-operation and joint action in future initiatives that will enhance cultural exchange between the two parties. The meeting forms part of the SBA’s efforts to boost Sharjah’s role ...

Dubai / Emirates Business Judging by the caliber of top international universities, colleges, and higher academic institutions that are setting up shop in its shores, the UAE has fully emerged the region’s top destination for learners of all ages. The government is keen on furthering the country’s education system by allocating AED 10.2 billion for the public and private higher ...

Dubai / WAM Dubai will play host to AccessAbilities Expo, the region’s premier trade, professional and consumer event aimed at enhancing the lives of people with disabilities, next November, organisers said. The event will be held at the Dubai World Trade Centre from November 7-9. It aims to provide a single platform to the entire business and civil community in ...

Sharjah / Emirates Business Sharjah’s hospitality sector revenues witnessed a remarkable 7.8 percent increase during the first half of 2017 compared with the previous year, with its value reaching AED372 million, the Sharjah Commerce and Tourism Development Authority (SCTDA) announced. The announcement came as the emirate steadily positions itself as a destination of choice for local, regional, and international tourists. ...

Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, has recently inaugurated the Municipality Youth Council. The move is in line with the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. It emphasises the need to listen to the voice of young people, learn their ideas, ...