Local News

  Dubai / Emirates Business The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands segment at Gulfood 2017. Represented by a contingent of major food industry heavyweights including Unilever, Nestle, Del Monte ...

  Dubai / Emirates Business Mashreq, UAE’s leading financial institution announced on Saturday that it is the first bank in the region to offer its customers early access to Samsung Pay – a best in class and secure mobile payment service that works as a contactless credit or debit card. With the roll-out of Samsung Pay, Mashreq reinforces its position ...

  Dubai / Emirates Business Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of the Board of Governors of Hamdan Bin Mohammed Smart University (HBMSU), has dedicated the University’s recent winning of Wharton-QS Stars Reimagine Education Award 2016 to HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

  Sharjah / Emirates Business The Al Montazah Waterpark, Sharjah’s first-ever family leisure and entertainment destination and a UAE favourite, is preparing to witness large-scale expansion and development. The Sharjah Investment and Development Authority (Shurooq) has recently announced the commencement of the second phase of development, which is expected to introduce world-class facilities upon completion. The expansion plan aims to ...

  Sharjah / Emirates Business Storytelling, theatre and colour were the theme of the recent performance at the International Storytelling Festival, which is taking place at Al Noor Island, Sharjah’s popular tourist and recreational destination. Titled ‘A Palette of Stories’ the activity hosted, Italian directors Paola Balbi and David Bardy, British storyteller Michael Harvey, Singaporean narrator Kavina Ramachandran and Palestinian ...

  Abu Dhabi / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Zayed Housing Programme, on Thursday met Kai Mykanen, Finland’s Minister of Foreign Trade and Development, and Riitta Swan, Finnish Ambassador to the UAE, to discuss ways of promoting cooperation between the two countries. The UAE Minister briefed the Finnish officials ...

  Abu Dhabi / Emirates Business Masdar City’s Eco-Villa, a pilot project incorporating water and energy-saving technologies, has been completed and a UAE national family will soon live in the prototype sustainable dwelling, it was announced on Thursday at Abu Dhabi Sustainability Week 2017. The 405 square-metre Eco-Villa is the first villa to achieve a 4 Pearl rating according to ...

  Abu Dhabi / WAM Al-Reyadah, the joint venture between the Abu Dhabi National Oil Company (ADNOC) and Masdar, Abu Dhabi’s Future Energy Company, was the focus of attention at the World Future Summit (WFES). Discussing the increasingly important role of Carbon Capture and Storage (CCS) in mitigating greenhouse gas emissions, the forum was told that CCS operations like Al-Reyadah ...

  Dubai / WAM Middle Eastern investment banking fees reached US$820.8 million during 2016, an 18 per cent increase compared to fees recorded during 2015 and the highest annual fee total in the region since 2008, according to the annual investment banking analysis for the Middle East region, by leading business information provider Thomson Reuters. “Bolstered by Saudi Arabia’s $17.2 billion ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) participated in the Second Annual Under-Secretaries of Arab Ministries of Finance meeting which commenced in Abu Dhabi. The meeting, which was organised by the Arab Monetary Fund, AMF, in cooperation with the MoF, was attended by Younis Haji Al Khoori, Under-Secretary of MoF, and Khalid Ali Al Bustani, Assistant Under-Secretary for ...