Dubai / Emirates Business The fourth edition of the World Green Economy Summit (WGES) 2017 will highlight the importance of smart cities in the transition towards the green economy. This is an endeavour to design ‘smart’ approaches, which ensure that cities, will be optimised for economic activity, energy consumption, environmental impact reduction and a good urban life. Held under the ...
Read More »CALIFORNIA / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) launched Jumeirah Energy International Silicon Valley Company, JEI Silicon Valley, a wholly-owned investment subsidiary of DEWA, at a ceremony at the Four Seasons Hotel – Silicon Valley, in California, USA. Abdulla Alsaboosi, Consul General of the UAE in Los Angeles, was present. Also ...
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ABU DHABI / Emirates Business The Department of Culture and Tourism – Abu Dhabi has awarded to Zublin Construction LLC the AED 500 million contract for the refurbishment and conservation of the Cultural Foundation Building at Qasr Al Hosn, the symbolic birthplace of the capital of the UAE. The Cultural Foundation Building at the site has come to symbolize Abu ...
Read More »DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, announced the launch of the ‘Hamdan Centre for the Future of Investment’ (HCFI), a global initiative that aims to promote the contribution of foreign direct investment (FDI) to sustainable development. Sheikh Hamdan bin Mohammed stressed that the initiative ...
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ABU DHABI / Emirates Business The Higher Organising Committee of the Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation and Training Exhibition and Conference (SimTEX 2018), held its first coordination meeting at the Abu Dhabi National Exhibition Centre (ADNEC) to discuss initial preparations and coordinate efforts with various national institutions. Jointly organised by the Abu Dhabi National Exhibitions ...
Read More »DUBAI / Emirates Business National Bank of Fujairah (NBF) PJSC, is sponsoring the third edition of the Dubai Diamond Conference in the presence of guest of honor, David Cameron, the UK’s former Prime Minister. The conference will take place at Almas Conference Centre on October 16 and 17 and will have the presence of international leaders of the diamond industry ...
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DUBAI / Emirates Business Proving self-funded, small businesses can eventually be big, UAE small- and micro-enterprises and entrepreneurs took the spotlight at the recently concluded Gulf Capital SME Awards. RSA Logistics, a self-funded enterprise co-founded by Abhishek Ajay Shah in 2009, was named Gulf Capital Business of the Year. Through key partnerships and collaborations, RSA Logistics and its affiliate brands ...
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ABU DHABI / WAM Standard & Poor’s has forecast Abu Dhabi GDP to rise to AED850 billion and AED890 billion at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and non-oil sectors since the beginning of this year. The credit ratings agency expected the emirate’s per capital GDP to amount to ...
Read More »DUBAI / WAM Paul Drum, Head of Policy at CPA Australia and an expert in tax law, said that it is anticipated that around 5,000 finance and accounting jobs will be created within the GCC region with the introduction of Value Added Tax (VAT). In a workshop at the University of Wollongong in Dubai (UOWD), on the new tax law, ...
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Dubai / Reuters Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 26 percent increase in third-quarter net profit on Wednesday as higher income from Islamic financing and investing offset a rise in impairment charges. The bank made AED1.11 billion ($302.2 million) in the three months to September 30, it said in a statement. This compares ...
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