Local News

DUBAI / Emirates Business Dubai World Trade Centre (DWTC) is preparing for the fourth edition of its Gulfood Manufacturing, the Middle East’s largest food, beverage, manufacturing and processing exhibition, which promises to be the biggest show to date, shining the spotlight on thousands of the latest food industry solutions and hot topics such as Value Added Tax (VAT) and sector-shaping ...

DUBAI / WAM Dubai Customs has revealed that 33,600 transactions were handled on October 26 as part of the ‘Day Without Service Centres’ initiative instigated by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. This raised the number of declarations by 2 percent compared to the day before. Ahmed Mahboob ...

Ras Al Khaimah / Emirates Business Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) has been named bronze winner of a ‘Company of the Year’ category at The Stevie Awards’ 14th Annual International Business Awards (IBAs). RAK-SME was competing in the ‘Non-Profit or Government Organizations – Small and Medium Size’ category. The award was presented to HE Yousef Esmaeel, ...

Sharjah / WAM Continuing its mandate to highlight women as pivotal members of society and essential drivers of the economy, Women Advancement Establishment (NAMA), joined hundreds of international philanthropists, diplomats, lawyers, economists, entrepreneurs and equality advocates at the Global Women In Leadership (WIL), Economic Forum in Dubai. Held under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy, ...

DUBAI / Emirates Business Emirates, the world’s best airline according to TripAdvisor 2017, will be adding an extra flight to its service between Dubai and Algiers, making it a daily service from December 13. The launch of the additional flight will complement Emirates’ current six flights a week, and further boost inbound and outbound passenger traffic and cargo flows between ...

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 third Maritime Academic Conference & Expo (MARACAD 2017) was held at the Dubai World Trade Centre. MARACAD was held amid the UAE’s comprehensive international campaign to rally support for its ...

Abu Dhabi / WAM The net profits posted by 14 Emirati banks during the first nine months of 2017 grew by 2.8 percent to AED21.9 billion, from AED21.3 billion during the corresponding period last year. The positive performance of most of the national banks that announced their financial statements are attributed to improved global oil prices, which reflected favourably on ...

Abu Dhabi / WAM Driven by increased buoyancy in non-oil sector, Abu Dhabi’s gross domestic product (GDP) surged by 6.7% in Q2 2017, against the corresponding period last year, according to a Statistics Centre – Abu Dhabi (SCAD) report. The non-oil sector contributed 70.2 percent to the emirate’s GDP during Q2, while the oil-sector accounted for 29.8 percent only, said ...

DUBAI / Reuters Abu Dhabi’s new airport terminal is 86 percent complete and on course to open by the fourth quarter of 2019, the airport operator’s chairman said on Sunday. Local media reported in March the opening of the AED10.8 billion Midfield Terminal at Abu Dhabi International had been pushed back two years to 2019, but did not say by ...

SHARJAH / WAM Sharjah’s plans to boost regional connectivity were high on the agenda at a meeting held recently between Sheikh Khalid bin Issam Al Qassimi, chairman of the emirate’s Department of Civil Aviation (DCAA), and a team from Oxford Business Group (OBG). Sheikh Khalid told OBG that given its firm foundations, the local aviation industry was well placed to ...