Local News

  Dubai / Emirates Business The UAE’s food and beverage market is continuing its evolution as an international food and beverage capital thanks to forward-thinking operators looking to maximise their stake in a market expected to be worth a whopping AED82 billion by 2020, according to Euromonitor International. Now a record number of local F&B businesses are preparing to capitalise ...

  Dubai / Emirates Business The Mohammed bin Rashid Al Maktoum Foundation (MBRF) revealed that one billion people around the world interacted with the hashtag #Bil_Arabi across all social media platforms. The public’s interaction with the fourth instalment of the Bil Arabi initiative– recorded on Twitter, Facebook, Instagram, and SnapChat – exceeded all expectations, assured to the Foundation, adding that ...

  Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, announced its support of the ‘We Are With You’ forum held under the patronage of His Highness Sheikh Rashid bin Hamdan Al Maktoum, Chairman of the Board of Trustees at Al Maktoum Foundation. The forum runs until January 13. ...

  Dubai / Emirates Business Government officials from more than 150 countries including 75 ministers, and leaders from international organisations, the private sector and civil society are gathering this week for the Seventh Assembly of the International Renewable Energy Agency (IRENA). The Assembly will bring together energy leaders to set the global renewable energy agenda and take concrete action to ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) will participate in the World Future Energy Summit (WFES) 2017 in Abu Dhabi, which is part of Abu Dhabi Sustainability Week. DEWA is efficiency sponsor of WFES, which is organised by Masdar, Abu Dhabi’s multi-faceted renewable energy company, from January 16-19 at the Abu Dhabi National Exhibition Centre. HE ...

  DUBAI / WAM Dubai-based developer Nakheel and Thai hotel group, Centara Hotels and Resorts, on Monday signed a joined venture agreement to create a 550-room, AED500 million beachfront resort with waterpark on Deira Islands in Dubai. Under the agreement, signed in Bangkok by Nakheel Chairman, Ali Rashid Lootah, and Centara Chairman, Suthikiati Chirathivat, the two companies will deliver an ...

  ABU DHABI / WAM The National Bank of Abu Dhabi (NBAD) announced the successful placement to institutional investors of a 30-year senior unsecured Formosa Bond, for a total nominal amount of US$885 million. The transaction follows NBAD’s inaugural US$696 million public Formosa Bond in October last year, the first 30 year Formosa Bond from the MENA region, which brings ...

  AJMAN / WAM The executive team of the Ajman Electronic Government discussed on Monday the progress in Ajman’s Digital Transformation Plan 2017-2022 and the mechanisms and initiatives to implement the plan in various operational sectors in the emirate. The team also reviewed the first 100-day plan of action, which aims to transform 30 top-priority services into e-services in sync ...

  DUBAI / WAM Dubai Financial Market (DFM) briefed a Kazakh delegation on Dubai’s leading position as a dynamic capital markets hub as well as DFM’s active role in further strengthening this position. This came up during the visit of a delegation from Kazakhstan’s Astana International Financial Centre (AIFC) to DFM, where the parties explored potential areas of cooperation. Headed ...

  ABU DHABI / WAM HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, and Hans Joerg Schelling, Austrian Minister for Finance, met on Monday in Abu Dhabi to discuss how best to enhance friendly relations and co-operation between the UAE and Austria. The duo discussed areas of co-operation and co-ordination in the economic, ...