Local News

Dubai / Emirates Business The Middle East and Africa (MEA) region is thriving to become the fastest-growing region in beauty and personal care products over the next five years. The MEA’s $25.4 billion (AED93.21 billion) market will grow by 6.4 percent a year during this growth spurt. Globally, the sector is expected to grow 3 percent a year, according to ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai,said that developing the sciences are a top priority for the UAE, given its importance to achieve the government’s strategic objectives by assisting and advising government bodies in their various development projects. “The prosperity of any society lies in investing ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has called on UAE residents to adopt activities and programmes that preserve environmental resources, with the aim of guaranteeing that they can both sufficiently support the country’s needs, and adequately offer future generations a high quality of ...

Dubai / WAM Director General of the Government of Dubai Media Office (GDMO) Mona Ghanem Al Marri on Tuesday inaugurated the 7th InfoComm Middle East and Africa, the region’s largest professional audiovisual event, being held at the Dubai World Trade Centre (DWTC). InfoComm MEA, which is being held under the theme of “See the Future of Networked Communications,” is set ...

Geneva / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), chaired the preparatory workshop for the World Radiocommunication Conference (WRC-2019), held at the International Telecommunication Union (ITU), headquarters in Geneva, Switzerland. The workshop was attended by more than 300 delegates from the 193 member states of the ITU, in addition to representatives of international and regional organisations, manufacturers ...

Dubai / Emirates Business Offering smart, networked and ultra-modern living spaces in a pristine, upscale location within easy reach of key urban hotspots and centrally located in a serene residential setting, Royal Pearls, the prestige new development from Oriental Pearls Real Estate Developers, is a chance at a unique lifestyle experience. Construction on the inimitable project valued at AED 21 ...

DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...

Dubai / WAM DP World has announced that it completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuarios (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos. The purchase consideration is below 5% of DP World’s net asset value ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding with the National Health Insurance Company, Daman, to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem, InsurTech, in Abu Dhabi and the UAE. The MoU was signed by Dr Michael Bitzer, CEO of Daman, and Richard Teng, CEO ...

ABU DHABI / WAM The UAE Central Bank’s reserve of gold bars amounted to AED1.129 billion by the end of October, a growth of 11.2% from AED1.015 billion by the end of 2016. The month of April saw the CB resuming gold holdings after eight years during which the banks’ reserves were confined to a foreign currency basket, primarily US ...