Local News

Dubai / Emirates Business dnata, one of the world’s largest air services providers, has entered into a contract with leading IT solutions provider to the global aviation industry (IBS Software), to implement the iCargo terminal operation suite across all its stations. The end-to-end solution will help manage dnata’s air cargo movement worldwide seamlessly. dnata is the first ground handler to ...

DUBAI / Emirates Business In line with its commitment to integrating government agencies and harnessing all expertise to enhance trust among real estate investors, the Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Department of Economic Development (DED) in Dubai through the Real Estate Regulatory Authority (RERA), DLD’s regulatory arm. The MoU focuses on establishing ...

Dubai / Emirates Business Young Emirati nationals aspiring to pursue a career in trade and logistics will have access to more than 100 training and development opportunities at DP World’s pavilion during the 16th Careers UAE 2018 exhibition in Dubai. Roles cover multiple disciplines, including operations, engineering, commercial, planning and administration. Training and placement opportunities are rolled out under a ...

Dubai / WAM GE Aviation has opened its ‘On Wing Support Centre’ in Dubai South’s Aviation District Aerospace Supply Chain Facility, marking the expansion of the company’s engine repair services in one of the world’s leading aviation hubs. GE has been operating its On Wing Support Centre with Emirates Airlines since 2013, providing 24/7 full-service repair solutions for all GE ...

DUBAI / Emirates Business MaK Middle East LLC, a Caterpillar company established in 2017, announced the opening of its new workshop in Dubai Maritime City to provide product support services in the Middle East region for Caterpillar’s MaK, CM and EMD branded medium speed engines. The new workshop will cater to customer needs for high quality factory after-sales support in ...

DUBAI / WAM Dubai Airport Freezone Authority (DAFZA) announced a new strategic partnership with Liaoning Chamber of Commerce UAE. The MoU signed by Nasser Al Madani, Assistant Director-General at DAFZA and Yewei Fan, President of Liaoning Chamber of Commerce UAE, will increase collaboration between the two organisations to help expand bilateral trade and create new business and investment opportunities with ...

Dubai / Reuters The United Arab Emirates central bank will next month launch a new way of setting Emirates Interbank Offered Rates (EIBOR), helping to make the system more accurate and transparent, a senior banking industry official told reporters on Monday. “We have taken benchmark banks to tell us what is the actual cost of deposit and the incremental cost ...

DUBAI / WAM Union Coop has announced decision to freeze the prices of about 50,000 commodities until 2018 end. This move is one of the many in line with the company’s ‘Consumer Happiness’ initiative, a move that focusses on raising consumer satisfaction. Khalid Humaid bin Diban Al Falasi, CEO of Union Coop, said, “This was a very well-planned move because ...

DUBAI / WAM The Department of Finance (DoF) of the Government of Dubai announced a strategic partnership agreement with Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). DoF signed the agreement with Deloitte, the world’s largest professional services firm, as part of its continuous improvement of financial reporting across the Government of Dubai, ...

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, on Monday announced an allocation of AED64.2 million ($17.4 million) for the development of two projects in the Republic of Seychelles that will enhance the country’s capacity to produce renewable energy from sustainable resources. Confirming the Fund’s support, His Excellency Mohammed Saif ...