Local News

DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry’s Centre for Responsible Business organised its annual Give & Gain Day, the largest employee volunteering event in the UAE, as part of the Engage Dubai programme. Participating for the seventh consecutive year, ENGAGE Dubai mobilised employees to volunteer during work hours in schools, universities, local charities and community group, ...

Dubai / Emirates Business Neopharma, one of UAE’s leading pharmaceutical manufacturing company invested a total of AED100 million in a state-of-the-art Japanese factory, AED265 million in the acquisition of patents and licenses and an additional investment in clinical studies amounting to AED515 million. The factory in Japan will manufacture supplements for patients in the pre-diabetic stage and also Type II ...

DUBAI / Reuters Boeing Co said on Sunday it had signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft during a visit by US President Donald Trump to the kingdom. The announcement is the latest in tens of billions of dollars in deals signed between US and Saudi firms since Trump ...

Dubai / WAM The Business Registration and Licensing (BRL) sector in Dubai Economy has issued 5,646 commercial permits during the first quarter (Q1) of 2017 as the emirate witnessed hectic commercial activity during the period. Advertising accounted for the largest share of 28 percent with 1,604 permits while the emirate’s flagship retail sector stood second with 1,387 permits, or 24 ...

RAS AL-KHAIMAH / WAM Ras al-Khaimah Chamber has explored joint economic cooperation and investment opportunities with France, Germany and Spain. This came during a meeting organised by the chamber at its headquarters which was attended by representatives from the French Business Council, the Spanish Business Council and the German Emirati Joint Council for Industry and Commerce, with the participation of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that the UAE is moving forward in building a universal model to achieve innovative ideas to serve humanity, and that the UAE’s Centennial Vision 2071 originated from the historic lecture delivered by His Highness Sheikh Mohamed bin Zayed ...

Dubai / WAM Emirates Transport (ET), reported that revenues increased by 10.6 percent to AED2.4 billion by the end of 2016, while its net profit rose to AED182.4 million, representing a growth of 25 percent from 2015. ”The corporation recorded a 61 percent return on capital, and has 3.019 billion in total assets,” said Mohammad Al Jarman, General Manager of ...

Dubai / WAM Sharjah Asset Management (SAM), the official investment arm of the Sharjah Government, and Knight Frank, internationally renowned real estate consultants, are co-hosting a sales event for Al Saja’a Industrial Oasis, ASIO, on May 23 at the Sheraton Sharjah Beach Resort and Spa. They will discuss the industrial investment sector in the UAE and highlight how Sharjah acts ...

Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA), reinforced its position as the largest fund regime in the region at an event which highlighted how property funds and Real Estate Investment Trusts (REITs) are becoming increasingly popular and opening up significant investment opportunities in ...

Dubai / WAM The UAE is joining the world in celebrating World Biodiversity Day, marked annually on May 22, with this year’s celebration coming under the theme of “Biodiversity and Sustainable Tourism”. Marking the day tomorrow, Muna Omran Majed Al Shamsi, Acting Director, Biodiversity Department at Ministry of Climate Change and Environment, said that biodiversity is the foundation of life ...