Local News

  Dubai / Emirates Business Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), recently concluded a successful mission to three cities in Italy, interacting with businesses across varied sectors looking at Dubai as a gateway to high-growth markets. Overall, the Dubai FDI delegation met with representatives of 21 companies across the cities of ...

  Dubai / Emirates Business Under patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the Dubai Maritime Summit will be launched on Wednesday, to discuss the present and future of world maritime navigation, with a special focus on best practices in maritime innovation, arbitration and human capital ...

  ABU DHABI / WAM Mubadala Petroleum reached an agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (Jasmine FPSO), which paves the way for the continued extension of the field life of this successful development. The parties signed a new ‘life of field’ agreement for the provision of ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued, in his capacity as Ruler of Abu Dhabi, a law on regulation of deep water resources in the emirate of Abu Dhabi. According to the law, the deep water resources in the emirate of Abu Dhabi, shall be owned by the emirate. It stipulates that ...

  Dubai / EMIRATES BUSINESS The Department of Economic Development (DED) in Dubai saw a 10% increase in permits issued for various business activities during the third quarter of 2016, compared to the same period in 2015. Altogether, 39,000 permits were issued in Q3 2016 as discount sales and special offers grew 213%, reaching 1,647 from the 526 permits issued ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology’s Sustainable Bioenergy Research Consortium (SBRC), a non-profit consortium supported by founding members Etihad Airways and Boeing, along with Takreer, SAFRAN and General Electric, on Monday announced it is to organise the first International Seawater Energy and Agriculture Forum 2016 in Abu Dhabi. To be held on November 1-2 ...

  ABU DHABI / WAM National Bank of Abu Dhabi (NBAD) won two industry awards, taking its tally to more than 100 recent industry accolades for its capital markets business, more than any other bank in the Middle East. The Banker magazine has named NBAD, “Most Innovative Investment Bank in the Middle East 2016”. This is the first occasion this ...

  ABU DHABI / WAM Etihad Cargo recently hosted an Italian Business mission in Abu Dhabi, offering the key industry players an opportunity to learn more about the United Arab Emirates and the Etihad Aviation Group, while promoting partnership and business opportunities. The event was co-hosted by Etihad Global Cargo Management Company (Etihad GCMC) and the Abu Dhabi Chamber of ...

  Dubai / Emirates Business His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of Dubai Media Incorporated, on Monday opened the Global South-South Development Expo 2016, at the Sheikh Rashid Hall of the Dubai International Convention and Exhibition Centre. HH Sheikh Maktoum bin Mohammed was accompanied by HH Sheikh Mansoor bin Mohammed ...

  Dubai /Emirates Business A government delegation from the Ministry of Communications and Information Technology and the Ministry of Civil Service in Saudi Arabia recently visited the office of Smart Dubai Government Establishment (SDG), the Smart Dubai Office’s technical arm that supervises Dubai’s smart transformation efforts. The visiting delegates aimed to learn more about SDG’s best practices, particularly in the ...