Local News

  DUBAI / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, on Sunday announced that Carrefour will open ten new stores in the UAE in 2017, setting it on target to reach 140 hypermarkets and 210 supermarkets in the countries in which Majid Al Futtaim operates by 2018. ...

  Abu Dhabi / Emirates Business Al Hilal Bank announced the appointment of Craig Bell as Chief Financial Officer (CFO), in line with its strategic direction to further reinforce its management with superior expertise from the global financial industry. Bell will lead Al Hilal Bank’s financial strategy development and its execution which directly contributes to its future growth plans with ...

  Dubai / WAM The Dubai Financial Market (DFM) successfully attracted 2,627 new investors during the first nine months of 2016 including 418 institutions, lifting the total number of DFM-registered investors to approximately 839,000. The foreign investors’ ownership in DFM also increased to 22.2 percent during the period, in a strong indication of their confidence in the market and its ...

  Dubai / Emirates Business With an aim to celebrate the achievements and to recognize the contribution of individuals and institutions in the Islamic retail banking and finance industry, Cambridge IF Analytica is organizing and hosting the Islamic Retail Banking Awards 2016 on November 28 at Dusit Thani Hotel in Dubai. The award ceremony will take place at the conclusion ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the region’s leading multi-line insurance providers for individuals and corporates, signed a Memorandum of Understanding (MoU) with the Mohammed bin Rashid Al Maktoum Foundation (MBRF) to support ‘My Family Reads’ initiative and activities that promote reading and disseminate knowledge and culture among the family members. “As ...

  Dubai / Emirates Business DAMAC Properties, one of the leading luxury real estate developers in the region, unveiled AKOYA Fresh, a collection of 3-bedroom villas in an international golf community, presenting millennials, including young professional couples and families, with a refreshing way of life. Priced at AED 1.2 million payable over 3 years, each villa comes with a plot ...

  DUBAI / WAM Greece has become the latest nation to confirm its commitment to participate in Expo 2020 Dubai, building on the strong links between the two countries in various fields Expo 2020 Dubai, announced on Saturday that Greece confirmed its official participation in Expo 2020 through a letter from the Greek Prime Minister, Alexis Tsipras, addressed to His ...

  DUBAI / WAM The first Dubai Chamber of Commerce trade office in China was opened this week. As part of its strategy to reach out to promising markets and promote Dubai as a global business and trade hub, the Dubai Chamber of Commerce and Industry opened its 7th international office in Chinese city of Shanghai on Saturday. The opening ...

ABU DHABI / WAM Abu Dhabi-based Masdar Institute of Science Technology, UK-based QinetiQ, a leading technology development and engineering company operating primarily in the defense, security and aerospace markets, and Swiss-based all-terrain vehicle (ATV) developer Sand-X Motors, have announced their collaboration to develop an Unmanned Rover System (URS) on Saturday at the URS award kick-off meeting, which was hosted by ...

  ABU DHABI / WAM The overall reading of the results of development indices in Q2 2016 reflects higher optimism and confidence among consumers and business community in the Emirate’s economic conditions, according to a new report released on Saturday by Studies Directorate of Abu Dhabi Department of Economic Development. This follows the moderate economic growth in Q1 of 2016, ...