Local News

  Dubai / Emirates Business Dubai Land Department (DLD) has announced the launch of the Dubai Global Initiative Real Estate Connect programme, a scheme from the Dubai Real Estate Institute (DREI) — the educational arm of the government department. The programme will begin with a visit to Delhi and Bangalore, India from August 12-17. The inception of the programme will ...

  ALKESH SHARMA / Emirates Business Nearly 48 percent companies globally consider cyber-attack the major impediment in the smooth flow of their operations. It is closely followed by confidential data breach (41 percent) and unplanned IT and telecom outage (35 percent) that could hamper the day-to-day working of the enterprise. These startling facts have been revealed in the findings of ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology (MIST) faculty discovered a novel way to significantly increase the amount of sunlight that a solar absorber can convert into heat. By converting more of the solar energy that reaches the Earth’s surface into heat in a low-cost way, the solar absorber can help make sustainable technologies that ...

  Abu Dhabi / Emirates Business A report issued by the Ministry of Economy reveals that non-oil trade – inclusive of free zone activities – between the UAE and Thailand amounted to USD 5.2 billion in 2015. The report mentioned premium raw aluminum, ornaments and precious metals as the main exports from Thailand, with cars and vehicles for transport of ...

  Dubai / Emirates Business Emirates NBD Securities, the brokerage arm of Emirates NBD and a leading brokerage firm in the UAE, was honoured with the Outstanding Risk Management Excellence Award 2016 at the Middle East Financial Markets Excellence Awards. The brokerage firm was praised for its world standard quality systems and highest grade security platforms, and sophisticated eBrokerMobile app ...

  DUBAI / WAM Dubai Banking Group (DBG), a subsidiary of Dubai Group, and Abu Dhabi Financial Group (ADFG) have reached an agreement whereby DBG will sell its 48.36% interest in SHUAA Capital PSC (‘SHUAA’) to ADFG. The completion of the sale is subject to regulatory approvals. Through its subsidiaries, ADFG has widespread expertise and experience across its core sectors, ...

DUBAI / WAM As part of its efforts to promote Dubai as an attractive business destination and to familiarise overseas companies with the emirate’s business environment, the Dubai Chamber of Commerce and Industry recently concluded its Food Import Trade Mission to Azerbaijan and Georgia, highlighting the requirements and conditions of exporting foodstuffs to Dubai. During the trade mission, Dubai Chamber ...

  Ritika SHARMA / Emirates Business As the scope for horizontal growth in the real estate takes backseat, there is a huge demand for vertical structures with smart designs that make optimal use of the space. Experts believe that the trend of smart vertical structures is poised to grow manifold in the coming years. “In Middle East region, some countries ...

  Dubai / Emirates Business A new online shopping platform in the UAE is breaking through the clutter in the world of e-commerce by offering customers industry-leading standards for warranty support and aftersales care. YallaShop.com offers almost 10,000 consumer electronics lines, from mobile phones and tablets, to televisions and cameras, from more than 400 brands. But while most similar platforms ...

  ALKESH SHARMA / Emirates Business Backed by zooming economy and diverse communities, the GCC cafe and bakery industry is all set undergo a robust growth in the next couple of years. This particular segment, out of the overall food industry, has registered an annual billing of nearly $1.9 billion, exhibiting strong growth during 2012-14. “Food market, especially cafe and ...