Local News

ENOC rolls out RTA’s NoL card payment system for its network

Dubai / Emirates Business ENOC Group, in partnership with the Roads and Transport Authority of Dubai (RTA) announced that customers can now use their NoL cards to pay for all products and services across ENOC’s entire retail network. ENOC’s customers can complete their transactions with a simple tap-and-pay for fuel, automotive services and pay for purchases at ZOOM, Pronto and ...

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‘Materials Handling’ exhibition kicks off

Dubai / Emirates Business Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Dubai Roads and Transport Authority (RTA) opened Materials Handling Middle East 2017 at the Dubai International Convention and Exhibition Centre (DICEC). The only comprehensive industry-spanning trade platform for the wider Middle East, Materials Handling Middle East 2017 got off to a busy ...

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UAE investments in AI to hit AED33bn in 2017

ABU DHABI / WAM The UAE has secured significant strides in areas of Artificial Intelligence (AI), with the country’s investments growing by 70 percent over the past three years, and projected to hit AED33 billion by the end of this year, according to economic analysts. The figures drive home the fact that UAE is ready to embrace AI technologies, managing ...

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Abu Dhabi smartest city in Middle East

Abu Dhabi / Emirates Business The Abu Dhabi Systems and Information Center (ADSIC) announced that the emirate of Abu Dhabi has ranked first place in the Middle East in terms of indicators outlined by the 2017 Cities in Motion Index, which was published by the Spain-based University of Navarra’s IESE Business School. Now in its fourth Edition, the Cities in ...

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ADNOC mulls listing 10% stake in fuel retail business next year

Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) could list more than 10 percent of its fuel retail business by early 2018 and one or two more businesses later as part of a major shake-up, sources familiar with the matter said. The listing for ADNOC Distribution, which manages petrol stations and convenience stores across the UAE as well as ...

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Global halal industry valued at $2.3 trillion

DUBAI / WAM The UAE has gone a long way in the international halal industry which is estimated at $2.3 trillion, according to Abdula Abdel- kader Al Moeini, Director General of Emirates Authority for Standardisation and Metrology (ESMA). China has been invited to participate in Global Halal Industry Platform which has been promoted during a tour by ESMA representatives in ...

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Industrial strategy: AED165bn boost to Dubai’s GDP by 2030

DUBAI / WAM Dubai’s industrial sector has seen significant progress this year, under a new strategy launched by the Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Dubai Industrial Strategy, which entered the implementation phase earlier this year, aims to elevate the emirate into a global platform for ...

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Emaar tops Forbes’ 100 leading realty developers list

Dubai / Emirates Business Forbes Middle East welcomed representatives of the region’s leading real estate companies at an exclusive event, held to unveil its Top 100 Real Estate Companies in the Arab World for the second year running. The top 40 listed real estate developers have a combined market value of $90.5 billion, revenues of $18.1 billion, profits of $5.1 ...

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Middle East coffee industry to reach $4.4bn in 4 years

Dubai / WAM The ‘third wave’ coffee movement is fuelling the growth of the Middle East’s coffee industry, which is expected to climb to $4.4 billion by 2021, according to Euromonitor International. The new movement has seen a shift in consumer appreciation of coffee as an artisan, specialist and quality experience, rather than a commodity. As a beverage with multi-cultural ...

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Mega-events to draw $44bn in UAE tourism value by ’20

Dubai / Emirates Business Virtual reality concerts and matches, augmented reality apps, and immersive audiovisual will catalyze $44 billion in UAE tourism receipts by 2020, and transform the live entertainment and mega-event experience for millions of people across the Middle East and Africa. With the UAE enhancing its role as a global leisure, tourism, and entertainment hub, it is set ...

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