Local News

Dubai / Emirates Business Emirates Palace partnered with the Dubai World Trade Centre (DWTC) to launch the UAE’s premiere catering company – Emirates Palace Catering by Dubai World Trade Centre (EPC by DWTC). This joint venture is set to elevate the events and catering scene in the capital, offering the best in local and international cuisine combined with impeccable service ...

Sharjah / WAM Air Arabia announced on Tuesday its new route to Grozny, capital of the Chechen Republic in Russia. Air Arabia will begin flights to Grozny on April 20. Air Arabia’s Russia network, which recently increased by launching flights to Sheremetyevo International Airport adding a second route for travel to the Russian capital, has been extended to include the ...

Dubai / Emirates Business Emirates SkyCargo, the freight division of Emirates, is expanding its footprint in Europe with the launch of new scheduled freighter services to Maastricht. Maastricht will join Emirates SkyCargo’s global freighter network of over 40 cities and will become the second freighter destination in the Netherlands after Amsterdam. Emirates SkyCargo will initially operate two freighter flights a ...

DUBAI / WAM The outsourcing sector is an important pillar of the UAE’s economic diversification and among the fastest-growing sectors in the country with a compound annual growth rate (CAGR) of 11.2 percent, according to the ‘UAE Outsourcing Market Outlook 2016-2020’, a report by International Data Corporation (IDC). The report estimates that operational management revenues of business process outsourcing (BPO) ...

Bloomberg Dubai Holding LLC appointed Amit Kaushal as chief executive officer, replacing Edris Alrafi who left the investment firm after less than a year. Kaushal was previously chief financial officer at the conglomerate that manages about $35 billion of assets, according to an emailed statement. He was also senior vice president of funding and treasury management at property developer Meraas ...

DUBAI / Reuters Damac Properties is in talks with banks about a possible issue of US dollar-denominated Islamic bonds, sources familiar with the matter said on Monday. Discussions about a new issue are at an early stage, said the sources. A spokesman at Damac said: “We are continuously in talks with many bodies on funding possibilities and options. We always ...

ABU DHABI / WAM A group of key departments and institution came together in Abu Dhabi on Monday to announce the launch of Fikra Labs, described as an Acceleration Programme for Entrepreneurs. In the belief that research and development (R&D) can contribute to employment creation, national development, tourist promotion and economic growth, the concept of the Fikra Labs Acceleration Programme ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the UAE enjoys solid bilateral relations with Saudi Arabia, and that the two countries are brought together by strong ties based on shared cultures, history and noble Islamic and Arab values. He went on to say that the relations between the two countries represent a ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed the launch of the ‘UAE Cultural Development Fund’, which will be overseen by the Ministry of Culture and Knowledge Development. The Fund’s key objectives include providing necessary funds to support cultural activity within the country ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued a range of federal decrees to ratify bilateral agreements between the UAE and several friendly countries, and the establishment of a UAE Consulate in Nigeria. His Highness Sheikh Khalifa also issued a federal decree to appoint two Emirati diplomats. The Official Gazette shall publish these decrees ...