Local News

  DUBAI / Emirates Business The Department of Economic Development (DED) in Dubai unveiled on Monday the ‘Global Islamic Business Excellence Centre’ (GIBEC), which aims to expand Islamic economic activities beyond Islamic finance and contribute to the development of an Islamic business ecosystem in line with the emirate’s Islamic economy capital initiative. The Centre will also institute the ‘Global Islamic ...

  DUBAI / Emirates Business As visionaries, industry leaders and policymakers come together for this year’s Global Islamic Economy Summit (GIES), the International Halal Accreditation Forum (IHAF) is set to take the stage to push the Halal standardisation agenda forward. HE Mohamed Saleh Badri, Secretary-General of IHAF, said: “The GIES presents an ideal opportunity for IHAF to discuss among key ...

  DUBAI / Emirates Business The third Global Islamic Economy Summit 2016 is all set to start at Madinat Jumeirah in Dubai under the theme “Inspiring Change”. Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the two-day summit is organised by Dubai Chamber of ...

DUBAI / WAM Smart Dubai will bring together 55 partners from the government and private sector for the first collaborative exhibition to showcase a true smart city experience for Dubai. The exhibition will take place in a 3,800-square-metre pavilion during the 36th edition of Gitex Technology Week 2016 from October 16-20. An initiative, Smart Dubai is anchored in the vision ...

  Abu Dhabi / EMIRATES BUSINESS HE Engineer Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, will be leading the country’s first government and economic trade delegation to visit the Republic of Bulgaria on October 11-13. The official visit is aimed towards promoting economic trade and investment cooperation between the two countries, placing strong focus on key sectors like ...

  Sharjah / WAM Air Arabia, the Sharjah-based low cost carrier, has been ranked number three on Airfinance journal’s list of top 50 global airlines. The list includes an evaluation of the performance of 137 airlines, based on a set of “operational and financial parameters, including Total Revenue, Net Income, Passenger Yield, Liquidity, and Leverage,” according to an Air Arabia ...

  DUBAI / WAM S.S. Lootah International has signed an AED184 million agreement with Oromia International Bank SC of Ethiopia to provide assistance in the coffee, agriculture and livestock sectors. The agreement was signed during the Dubai Chamber of Commerce and Industry-led trade mission to Addis Ababa. The agreement covers financing requirements for exports of production, export financing, warehousing and ...

DUBAI / WAM Jebel Ali Free Zone (Jafza) has organised a roadshow in Seattle, WA, USA, to reinforce Dubai’s position as a global business hub serving more than two billion consumers around the world. Jafza also signed an MoU with the Trade Development Alliance of Greater Seattle to encourage trade relations between the two cities and organisations.  

  DUBAI / WAM A delegation from the Dubai Investment Development Agency has recently discussed new opportunities and changing business landscape in the emirate with select investor groups, law firms and consultants in the United Kingdom. Officials from Dubai FDI, an agency of the Department of Economic Development in Dubai, along with partners specialising in company formation, interacted with senior ...

  ABU DHABI / WAM Abu Dhabi Commercial Bank, ADCB, has announced that it has been awarded the “Best Cash Manager” in the UAE (Non-FI category) in 2016 by the Euromoney Cash Management Survey. In addition to being the number one “Cash Management Bank” in the UAE, ADCB was ranked 3rd place in the Middle East and 16th place globally. ...