Local News

  Abu Dhabi / WAM The UAE seeks to expand economic relations and trade with Hong Kong, even as it remains the Chinese island’s largest trade partner in the region, Under-Secretary for Foreign Trade and Industry Affairs at the UAE Ministry of Economy Abdullah Al Saleh said during a recent event in Dubai. The volume of non-oil trade with Hong Kong ...

  Abu Dhabi / Emirates Business The UAE has successfully participated in the 1st EU-Arab World Summit, which was held from November 3-4 in Athens, Greece. The pioneering summit saw the discussion of a series of sessions focused on how to reach a common vision on regional and international developments, while also looking towards the promotion of economic cooperation in ...

  Abu Dhabi / WAM The 2016 Investcorp Investors Conference will take place in Abu Dhabi from November 9-10 at Jumeirah at Etihad Towers Hotel, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Bahrain-based global provider and manager of alternative investment products ...

  Abu Dhabi / WAM More than 2,000 exhibiting companies, 25 country pavilions, 700 speakers, 8,500 delegates, and 100,000 trade professionals from more than 125 countries, are participating in the 19th Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016), which begins at the Abu Dhabi National Exhibition Centre today. Held under the patronage of President His Highness Sheikh Khalifa bin ...

  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 ...