Local News

DUBAI / WAM The Young Entrepreneur Competition 2016, held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of Dubai, began on Wednesday at the Dubai Festival City Mall. The competition, organised by Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to ...

Dubai / WAM Eager to snap up the unbeatable deals on the latest must-have gadgets, thousands of technophiles flocked to GITEX Shopper Spring, the region’s leading and highly anticipated consumer electronics event, on its opening day. Inaugurated by Sami Al Qamzi, Director General, Department of Economic Development in Dubai, in the presence of Helal Saeed Al Marri, Director General, Dubai ...

Dubai / WAM DP World generated a cash flow of $1.43 billion (AED 5.3 billion) as at December 31, 2015, in spite of the global economic slowdown and world trade slump. The strong cash generation is due to the Group’s ambitious expansion plan and growth of its portfolio of global terminals and business volumes, particularly in Mumbai in India and ...

Dubai / WAM Mohammed bin Rashid Space Centre (MBRSC) signed a Memorandum of Understanding with DP World, aimed at developing an organizational framework on means of cooperation and coordination, and the exchange of information, scientific data and expertise, and human resources consistent with the UAE’s strategy and public interest. According to the MoU, MBRSC will assess and provide current and ...

Dubai / WAM A gathering of global technology leaders at this week’s Internet of Things Expo (IoTX) at Dubai World Trade Centre (DWTC) believe a combination of hyper connectivity, supercomputing, cloud computing, smart technologies and cyber security will make the Internet of Things (IoT) sector the single largest market opportunity for global businesses by the turn of the decade. “IoT ...

Emirates Business The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority (DAFZA) officially launched on Wednesdaythe digital portal of the ‘Oasis of Innovation in Islamic Economy’, concurrently with the groundbreaking of the first global oasis dedicated to incubating creative ideas and entrepreneurial projects in support of the international Islamic economy. His EminenceDr. Abdulrahman Bin Saleh Al-Atram, ...

RITIKA SHARMA / Emirates Business A huge fire which nearly destroyed buildings in the Ajman One residential cluster on Monday night left residents devastated after losing everything from important documents to a place to stay. Misconceptions and pre-conceived notions, regarding home and content insurance, made things difficult for those who were affected by the fire. In wake of the incident, ...

Sunaina Rana / Emirates Business UAE- based retail operator Marka has launched its first ever home-grown e-commerce venture in collaboration with the Souq.com. The new venture would be primarily focusing on the fashion and the sportswear for the Saudi Arabia. Enhancing its appeal to the retailers, Saudi Arabia is the base for the fastest and the youngest growing consumer market ...

Emirates Business Dubai will host the world’s best concierges at the 63rd Les Clefs d’Or UICH International Congress to be held next month. Taking place from April 10-15 at the world’s tallest hotel — the JW Marriott Marquis — Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is set to welcome the world’s most influential hotel concierges. With “The ...

Emirates Business With less than a month to go, World Art Dubai 2016 is preparing to present a plethora of multinational artists to showcase their individual work and to connect them with art lovers from all kinds of cultural and social backgrounds. The four-day event, taking place at the Dubai World Trade Centre from April 6-9, will bring in artists ...