Local News

Dubai / WAM Global trade enabler DP World is stepping up container handling productivity at its flagship Jebel Ali Port, by adding 1.5 million TEU, twenty- foot equivalent units, to Container Terminal 3 (T3). The expansion is in response to emerging market demand and increases the port’s capacity from 18 million TEU to 19.5 million TEU. T3 now has a ...

ABU DHABI / WAM The Abu Dhabi Global Market (ADGM), the International financial centre in Abu Dhabi, and Mastercard, a leading technology company in the global payments industry, are collaborating on initiatives and fostering more opportunities to support the development and growth of FinTech activities in the UAE capital and the wider region. ADGM and Mastercard share a mutual commitment ...

Dubai / Emirates Business Chestertons MENA has reported the total number of off-plan transactions in the third quarter of 2017 has increased by 86% from the previous quarter, while the value of off plan transactions was up by 118% to AED4.04 billion. “With reference to off-plan transactions, Dubai’s real estate market has witnessed seasonal peaks and troughs in the last ...

Abu Dhabi / Reuters Abu Dhabi National Oil Co (ADNOC) is expected to issue as early as this week a project bond in the region of $3 billion, in what would be the United Arab Emirates oil major’s first public debt issue, sources familiar with the matter said on Tuesday. The bond, with a maturity longer than 10 years, would ...

ABU DHABI / WAM Etihad Airways is testing a new hand baggage-only ‘Deal Fare’ on two key routes this winter season, for bookings between October 18 and December 18, allowing travellers to purchase lower cost seats in Economy Class if no checked baggage is required. The trial fare includes a complimentary carry-on baggage allowance of 7kg and is available on ...

DUBAI / WAM Dubai Islamic Economy Development Centre (DIEDC), has reviewed a number of initiatives set to be launched over the coming period as part of the emirate’s strategy aimed at becoming the capital of Islamic economy by 2021. This came at a meeting held under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, during which a ...

Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Tuesday received the President of the Maldives, Abdulla Yameen Abdul Gayoom, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and HH Sheikh ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry concluded its high-level trade mission to Malta, which aimed to strengthen bilateral ties and explore trade and investment opportunities that are opening up in the fast-growing European country. A business delegation led by Dubai Chamber met with key stakeholders from the country’s public and private sectors, including Joseph Muscat, Prime ...

ABU DHABI / WAM The Roads and Transport Authority (RTA) signed a Memorandum of Understanding with the United Nations Development Programme (UNDP) to enhance cooperation between the two entities. The terms of the MoU provide for holding workshops on the sidelines of the Dubai International Projects Management Forum, focusing on humanitarian and development projects. Mattar Al Tayer, Director-General and Chairman ...

DUBAI / Emirates Business Today’s connected world is driving a ‘consumer trust divide’ between suspicious minds in developed nations and more accepting attitudes in emerging count-ries, according to Kantar TNS’s latest Connected Life research. Kantar TNS surveyed 70,000 people across 56 countries and conducted 104 in-depth interviews as part of the 2017 Connected Life study. The research explored consumer trust ...