Local News

  Dubai / Emirates Business With an aim to provide customers with affordable access to green products, Dubai Green Economy Partnership (Dubai GEP) signed an agreement with Emirates Islamic to provide easy financing options for individual consumers in Dubai to purchase green products on the Green Deal website. The agreement was signed on the sidelines of the World Green Economy ...

  DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and South Asia (MEASA), has become home to the first Equity Crowdfunding platform in the region, Eureeca. It is the first multi-regulated global Equity Crowdfunding platform, has over 12,000 investors from ...

  DUBAI / Emirates Business Emirates NBD, a leading bank in the region, on Sunday announced that its Wholesale Banking unit has introduced a postdated cheque facility, through smartBUSINESS, its online banking channel. Corporate customers can now scan postdated cheques through ‘ICCS Collect’, the flagship collections offering on smartBUSINESS and digitally warehouse these images until the date of clearance. ICCS ...

  Dubai / Emirates Business UAE food sales are projected to grow by an annual average of 7.3 percent ($16.7bn) between 2015 and 2020, according to a new BMI report commissioned by Dubai World Trade Centre (DWTC) and released in tandem with the opening of its annual trio of specialist foods shows, which run until November 9. In addition to ...

  Dubai / Emirates Business The Foreign Exchange and Remittance Group (FERG), comprising businesses engaged in money exchange and remittances, has recorded a 10-15% increase in foreign currency exchange transactions for 2016 compared to the same period last year. Data compiled by the organisation from the ledgers of member exchange houses also shows a spike in foreign exchange purchase transactions ...

  Sharjah / WAM More than 650,000 visitors have attended the first four days of this year’s Sharjah International Book Fair (SIBF) a record in its 35-year history. Data indicates that the current edition of the fair, which concludes next Saturday at Expo Centre Sharjah, will break the record for overall number of visitors at a single edition, surpassing last year’s ...

  Dubai / WAM The Department of Economic Development (DED) in Dubai, announced its support to the ‘GCC Manufacturing Excellence and Technology Summit’, which will focus on different methods to effectively manage the challenges in achieving operational efficiency and excellence in manufacturing. Saed Al Awadi, CEO of Dubai Exports, the export promotion agency of DED, and Brad Hariharan, Regional Director of ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) announced the achievements made by the Shams Dubai initiative as of October. DEWA launched the Shams Dubai in adherence with the Smart Dubai initiative, which was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make ...

  Abu Dhabi / EMIRATES BUSINESS Twenty of the world’s leading oil industry chief executives gather in Abu Dhabi on Sunday to discuss the new energy landscape and different models for partnerships across the industry. The senior executives, representing the world’s biggest oil companies from across the globe, have been invited to the Abu Dhabi CEO Roundtable by HE Dr ...

  LONDON / WAM Ten of the world’s biggest oil companies plan to invest an average of $100 million annually over the next 10 years in low-carbon technologies, the companies. The Oil and Gas Climate Initiative (OGCI), which also includes Saudi Aramco, Total , BP , Eni , Repsol , Statoil , CNPC, Pemex [PEMX.UL] and Reliance Industries , launched the ...