Local News

Abu Dhabi / Emirates Business Transformation, diversification and evolution will be top keywords at the world’s leading annual conference for oil and gas professionals, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), as the industry readies itself for future challenges and opportunities. ADIPEC is renowned as a global hub for knowledge exchange in the hydrocarbon business, with its landmark ...

Dubai / Emirates Business His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, on Tuesday opened Gulfood Manufacturing 2017, the fourth edition of the Middle East’s largest ingredients, processing, packaging, and logistics exhibition at the Dubai World Trade Centre (DWTC). Touring the 80,000 square metre show, which runs for three days and is expected to attract tens of thousands ...

Dubai / WAM The World Bank’s Ease of Doing Business 2018 report revealed on Tuesday that the UAE is ranked 21st globally and is ranked top of Arab countries for the fifth year in a row. The report showed that the UAE has ranked in the top ten globally in five of the reports ten topics. The UAE is first ...

Abu Dhabi / WAM Hamad Ali Al Kaabi, UAE’s Permanent Representative at the International Atomic Energy Agency (IAEA), said that hosting of the International Ministerial Conference on Nuclear Power in the 21st Century by the UAE demonstrated the world’s acknowledgement and appreciation of the country’s efforts to produce peaceful nuclear energy. In a statement to the Emirates News Agency, WAM, ...

DUBAI / Emirates Business Under the patronage of HE Dr Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, the 3rd Maritime Academic Conference and Expo (MARACAD 2017) concluded at the Dubai World Trade Centre. The conference attracted 22 international maritime organisations, which made it an exceptional event for the ...

Sharjah / WAM The Higher Committee of National Day Celebrations in Sharjah is organising a special ceremony to celebrate the UAE’s Flag Day on November 2. The ceremony is expected to be the biggest national gathering to celebrate the day in Sharjah, and will take place on Flag Island in the emirate with the theme, ‘The UAE of Giving and ...

Dubai / Emirates Business Over 2,000 hospitality and leisure projects are currently underway in the GCC with a combined estimated value of $200 billion, event organisers announce ahead of The Big 5 next month. An estimated $64 billion worth of related projects in the construction pipeline, coupled with increasingly relaxed visa policies highlight a developing focus on strengthening the regional ...

DUBAI / WAM The Dubai Government has invested around $20 billion in the development of the emirate’s infrastructure and transport during the period from 2006 to 2016, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), stated. “The Dubai Government has pumped billions of dirhams in this sector and the ...

Dubai / Emirates Business Emirates NBD delivered a strong set of results with net profit up 15% to AED 6.17 billion for the first nine months of 2017. Net interest income improved 4% y-o-y due to loan growth and helped by a sustained improvement in margins. The operating performance was also supported by lower expenses and an improved cost of ...

Abu Dhabi / Emirates Business National Investment Corporation (NIC) has announced a AED3bn plus project to expand and upgrade Marina Mall alongside plans to develop a stunning new waterfront promenade. NIC, the breakwater developer and owner of Marina Mall Abu Dhabi, will commence work on the 300,000sqm expansion in the second half of 2018, while a series of upgrades to ...