Local News

DUBAI / Emirates Business Reinforcing its love and loyalty to the UAE, Waiwera Artesian Water – the world’s leading mineral water brand, has announced a landmark decision to gift the new-born Baby Emarat free lifetime supply of water. Baby Emarat was born to Kuwaiti parents on Saturday, July 1, 2017. The couple, decided to name the new-born Emarat to express ...

YEKATERINBURG / WAM UAE Minister of Economy, Sultan bin Saeed Al Mansouri, joined Zayed Bin Rashid Alzayani, Minister of Industry, Commerce and Tourism of the Kingdom of Bahrain, Abdullatif bin Rashid Al Zayani, Secretary-General of the Gulf Cooperation Council, and Abdul Karim Taqi Abdul Karim, General Manager of Public Authority for Industry in Kuwait during a meeting with Russian representatives ...

DUBAI / Emirates Business Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Souq.com to launch an e-commerce initiative for SMEs. Under the MoU, the two sides will work together to provide Dubai SME members with integrated e-commerce solutions comprising online product display, e-payment, ...

Al Ain / WAM Community projects worth over AED17 million have been launched for private sector investors and developers in Al Ain City to meet growing population needs for diverse commercial services as part of Abu Dhabi Government’s comprehensive sustainable development strategy. The projects launched by Al Ain City Municipality covers design, construction and operation of a community market project ...

Dubai / Emirates Business The Festival Arena by InterContinental at Dubai Festival City has already seen the number of events booked at the venue double from 2016 to 2017, as the venue becomes the go-to events space in the region. In the first two quarters of 2017 it has hosted eight events including concerts, exhibitions and awards ceremonies, with a ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) announced that the construction progress of Sustainability, the 132/11 kilovolt (kV) main substation at Expo 2020 Dubai, with conversion capacity of 150 megavolt-amperes (MVA), is 77 percent complete and is expected to be operational by October 31. The total cost of project was AED103mn, including AED83.4 million for the plant and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

Bloomberg Abu Dhabi National Oil Co. (ADNOC) is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. The company, may appoint investment banks for the share sale, likely to be on the Abu Dhabi stock exchange, as early as this week, ...

Abu Dhabi / WAM The UAE equity markets booked decent gains at the close of Tuesday’s session driven by selective purchases targeting banking and property shares and low price stocks below one dirham. The Dubai Financial Market General Index grew 0.64 percent to reach 3439 points, with Abu Dhabi Securities Exchange General Index closing 0.24% higher than Monday, at 4,408 ...

ABU DHABI / WAM The new initiatives launched by ADNOC as part of its flexible operational model will bring significant benefits to the UAE and boost the country’s domestic economy, adding to its resilience and diversity towards achieving more supremacy and competitiveness at the regional and global levels, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...