Local News

  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 ...

  ABU DHBAI / WAM Dr Ahmad bin Abdulla Humaid Belhoul Al Falasi, UAE Minister of State for Higher Education, on Saturday inaugurated the Fourth Arab-American Frontiers of Science, Engineering and Medicine Symposium at the Masdar Institute of Science and Technology’s campus in Abu Dhabi. The symposium runs until 7th of November and is hosted by Masdar Institute and the US ...

  Dubai / EMIRATES BUSINESS The UAE made a noticeable surge in the Legatum Prosperity Index, thanks to its impressive performance in many areas, including health and wellbeing. “True prosperity is as much about wellbeing as wealth and the UAE is the best in the region at delivering it,” said a report published recently by Legatum Institute, an international think ...

  ABU DHABI / WAM The European Union (EU) is among the UAE’s largest trading partners where non-oil trade between the country and the regional bloc stood at more than US$65 billion in 2015, up from $10.2 in 1999, including trade via free zones, Assistant Under-Secretary for Foreign Trade Affairs at the UAE Ministry of Economy Juma Mohammed Al Kait ...