Local News

Dubai / WAM Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia region (MEASA), on Saturday announced the preliminary speaker list for its inaugural Global Financial Forum, GFF, which will be held on November 14 under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ...

Abu Dhabi / Emirates Business Abu Dhabi celebrated on Saturday the official commencement of operations of Fujairah Terminals in the East coast of the United Arab Emirates. The announcement came following an official event held at Novotel Fujairah, attended by Sheikh Saleh bin Mohammed Al Sharqi, Chairman of the Board of Port of Fujairah, Captain Mohamed Juma Al Shamisi, CEO ...

Dubai / Emirates Business His Excellency Sami Al Qamzi, Director General, Department of Economic Development in Dubai, inaugurated the Middle East’s largest and most anticipated consumer electronics show, GITEX Shopper, in presence of His Excellency Helal Saeed Al Marri, Director General, Dubai Department of Tourism & Commerce Marketing (DTCM) and Director General, Dubai World Trade Centre Authority. Tech enthusiasts came ...

Abu DhabI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has allocated an Abu Dhabi government grant worth AED40 million to the Comorian government. The grant will help enhance the efficiency of public utility systems, such as electricity supply, in the Comoros through installing new transformers and generators with a total capacity ...

Dubai / Emirates Business Tea is the beverage of choice for the entire Arab region. So much so that tea ranks second only to water as the most consumed drink among residents. According to reports, UAE consumes over than 19,000 kilos daily. The country, expectedly, has become the biggest importer of tea with amounts ranging over 83,000 tonnes annually. Chosen ...

Abu DhabI / Emirates Business Abu Dhabi’s cruise tourism sector, led by Department of Culture & Tourism as part of a Cruise Arabia delegation, completed the first of a number of international promotions and conventions ahead of the start of the 2017/18 cruise season following its successful attendance at Seatrade Europe in Hamburg, Germany. The participation of Abu Dhabi delegation ...

Dubai / WAM The Dubai Electricity and Water Authority (DEWA), signed a MoU with Dubai Airports, as part of efforts to expand co-operation and joint partnerships to promote Smart Dubai, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. The goal is to achieve the Dubai Plan 2021, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the headquarters of the Government Accelerators at the Emirates Towers in Dubai, as well ...

Dubai / Emirates Business Total value of 543 active hospitality projects in the UAE reached $71.6 billion (AED262.77 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. The hospitality sector constitutes 6 percent of all active projects in the ...

Dubai / Reuters Abu Dhabi Financial Group (ADFG), a privately owned investment company with over $5 billion of assets under management, is considering issuing $100 million in debt through a privately placed bond, sources familiar with the matter said. The private placement, with a three-year tenor according to the sources, would come at a relatively calm time in the Gulf’s ...