Local News

Jafza sees 8% growth in firms

Dubai /EMIRATES BUSINESS Jebel Ali Free Zone (Jafza), the flagship freezone entity of Dubai and the trade and logistics hub for the wider Middle East region, has achieved strong performance in terms of the quality of investments and the number of new companies registered in 2015. HE Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of ...

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Etihad Rail transports over 5mn tonnes of granulated sulphur in 18 months

WAM Etihad Rail, the developer and operator of the UAE’s US$11 billion national railway network, has announced that it has transported more than 5.24 million tonnes of granulated sulphur in the first 18 months of Stage One operations for Abu Dhabi National Oil Company (ADNOC), from sources at Shah and Habshan to its point of export at Ruwais. Equivalent to ...

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Optical company rolls out free insurance for kids

OUR CORRESPONDENT / EMIRATES BUSINESS The UAE-based eyewear company is the first in the optical market to offer free insurance to children with addition to test at home facility. Specsaddict.com aims to provide the UAE customers with new and innovative services, which also makes them the pioneer in using MIT technology for eye testing. Considering the complications related to the children ...

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Banks Federation holds ordinary AGM

Abu Dhabi / Emirates Business The UAE Banks Federation, a professional body representing 49 member banks operating in the UAE, held its Ordinary Annual General Assembly Meeting at the Head Office of the Commercial Bank of Dubai. The meeting, chaired by HE AbdulAziz Al Ghurair, Chairman of the UAE Banks Federation, was attended by Federation Board members and representatives of ...

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MAF 2016 closes on a grand note

Dubai / Emirates Business Manufacturing Conference & Exhibition for Oil & Gas (MAF 2016) closed on a grand note in Dubai. While attendees were able to forge new partnerships, foster relationships with existing clients and throw spotlight on innovative mechanisms, the three day high-profile event also witnessed some discussion on challenges faced by the region’s Oil & Gas sector. The ...

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Masdar Free Zone spurs diversification

ABU DHABI / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, is widely associated with the Masdar Institute of Science and Technology, the world’s first graduate-level university focussing on advanced energy and sustainable technologies. With the successful evolution of its business Free Zone and Investment Zone, the development is also increasingly associated with Abu ...

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India offers e-tourist visas to UAE travellers

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MOFAAIC) announced on Thursday that UAE citizens, whose sole purpose of visiting the Republic of India is tourism, can benefit from the E-Tourist Visa scheme (eTV). Citizens of the United Arab Emirates can apply online for eTV which shall be granted through email. The applicants should carry a ...

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‘Renewable energy trend to spur growth across MENA’

New York / WAM “Despite low oil prices, the trend toward lower-cost renewable energy will continue in the Middle East and North Africa (MENA) region as business confidence grows in the sector’s potential and countries adopt increasingly favourable regulations,” said Bader Al Lamki, Executive Director of Masdar Clean Energy. Al Lamki comments came during Masdar’s participation in the Bloomberg New ...

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MoF’s initiative to support Arab countries

Abu Dhabi / WAM The UAE, represented by the Ministry of Finance (MoF), presented a new initiative for developing innovative programmes that support Arab countries with the current economic and financial challenges, and contribute to the overall economic development. This initiative falls in line with the support provided by Arab financial institutions to Arab countries in transition, to help them ...

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Etisalat takes orphans to enjoy ‘Disney Festival’

Abu Dhabi / Emirates Business Etisalat invited 150 orphans from charitable foundations across the country to attend the preview of the ‘Disney Live Mickey Music Festival’ at Dubai World Trade Centre. The interactive show saw 25 well-known characters performing songs from some of the best-known Disney blockbusters from ‘Aladdin’ to ‘The Little Mermaid’ and ‘Toy Story’. The musical featured the ...

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