Local News

Dubai / Emirates Business Birzeit University, in a ceremony held under the patronage and in the presence of His Highness Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Tolerance, who has conferred the Doctorate Honoris Causa to the Palestinian – Emarati businessman Riad T Al Sadek, for his great efforts in the social and economic development of the ...

Dubai / Emirates Business MAG Lifestyle Development (MAG LD), the development arm of MAG Group, is making strong progress at MAG 318, where Dutch Foundation has been appointed as the enabling contractor. Construction is continuing as planned and Dutch Foundation has received its shoring permit, with mobilisation scheduled to start very soon. The AED 550 million project is well on ...

Dubai / WAM The Dubai Culture and Arts Authority, Dubai Culture, has announced its line-up of artists for the eighth edition of the SIKKA Art Fair 2018. Held under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture, SIKKA will take place from March 17-26 at Al Fahidi Historical Neighbourhood. The judging ...

DUBAI / Emirates Business The rise of natural and niche brands coupled with increasing digital engagement will be among the key trends at Beautyworld Middle East 2018, as the countdown begins to the 23rd edition of the region’s largest trade fair for beauty products, hair, fragrances, and wellbeing. According to analysts Euromonitor International (EMI), the retail value of the Middle ...

ABU DHABI / WAM Union National Bank (UNB) recorded a net profit of AED1,657 million for the year 2017, up by five percent compared to the previous year. The net profit for the fourth quarter of the year was AED289 million, higher by 15 percent as compared to the same quarter of 2016. The Board of Directors has recommended a ...

DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) has awarded a contract for work on the 4th phase of H-Station at Al Aweer, worth AED1.1 billion, to a consortium comprising Siemens and ELSEWEDY Power. “The project aims to test, supply, and commission three gas turbines with a total capacity of 815 megawatts (MW). The turbines are expected to ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Abdel Fattah el-Sisi of Egypt, discussed during their meeting in Abu Dhabi, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended some of the competitions of the first stage of the 5th Dubai International Cycling Tour, organised by Dubai Sports Council until February 10. His Highness Sheikh Mohammed watched the race as the cyclists passed through the Al Marmoum ...

Dubai / WAM DP World Limited handled 70.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1% year-on-year on a reported basis and 9.7% on a like-for-like1 basis, ahead of Drewry Maritime’s global container throughput growth estimate of 6.0% for 2017. In the fourth ...

Dubai / WAM Dubai Airports, operator of the world’s busiest airport for international passenger traffic Dubai International (DXB), joined Dubai’s aviation community in signing a pledge to purchase only ‘green vehicles’ going forward. The pledge was signed by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports; President of the Dubai Civil Aviation Authority; Chairman and CEO of ...