Local News

ABU DHABI / WAM Etihad Airways and startAD have signed a Memorandum of Understanding (MoU), to develop the entrepreneurship ecosystem in the UAE through exchanging knowledge, expertise and training. The agreement was signed by Peter Baumgartner, Etihad Airways Chief Executive Officer, and Ramesh Jagannathan, Managing Director of startAD and Vice Provost for Innovation and Entrepreneurship at New York University (NYU), ...

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (ADNOC) signed, on Tuesday, a 15-years gas sales agreement with the Dubai Supply Authority (DUSUP) for the supply of natural gas, to help meet Dubai’s energy needs. The agreement was signed, at ADNOC’s headquarters, by HH Sheikh Ahmed bin Saeed Al Maktoum, Director General of DUSUP and Dr Sultan ...

DUBAI / Emirates Business Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, on Tuesday met Astra Kurme, Ambassador of Latvia to the UAE, and her accompanying delegation, where they discussed means of boosting cooperation. During the meeting, Dr Al Nuaimi praised the bilateral relations which bring together the two friendly countries in various fields, while emphasising the ...

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 ...