Local News

  Dubai / Emirates Business DAMAC Properties on Thursday announced the first ever project to be completed in Dubai South, with the handover of DAMAC Maison de Ville Tenora hotel apartments. The developer also announced that DAMAC Maison de Ville Celestia, another hospitality project in the area, is at an advanced stage of construction, with both projects offering investors the ...

  DUBAI / Emirates Business As much as 94% of all companies in the UAE are SMEs. Together, they contribute 30% of the country’s GDP, and employ 72% of the country’s working population. The figures come from BLOOVO.COM’s latest research on the beneficial role SMEs play in catalysing economic diversification and employment regionwide. SMEs operate extensively throughout the rest of ...

  ABU DHABI / Emirates Business Etihad Airways has received the Skytrax Certified 5-Star Airline Rating — the most coveted quality standard in the airline industry, further strengthening its position as a leader in innovative guest experience, service and hospitality. The rating follows an exhaustive three month audit of the airline’s global product and service offering by the London-based research ...

  Dubai / Emirates Business EY MENA announces the launch of EY Growth Solutions — a new business model of innovative on-demand solutions, offering companies access to subscription services with inbuilt flexibility, standardization and competitive pricing. Gerard Gallagher, MENA Advisory Leader, EY, says: “Companies in the region are impacted by new taxes like VAT, digital innovations and changing customer demand. ...

  Dubai / Emirates Business In collaboration with Artspace Dubai, The Alfred Basbous Foundation inaugurated on Thursday its fourth exhibition in Dubai. “Figurative to abstraction”, a two part exhibition of selected studies, drawings and works of the late renowned artist will stay on view until November 10, and the second part taking place on November 23, until January of next ...

  Dubai / WAM The founding committee of the Dubai Islamic Economy Development Centre (DIEDC) is in advanced discussions with the Central Bank of the United Arab Emirates (UAE) regarding provisional approval for an Islamic wholesale banking license for Emirates Trade Bank, the centre announced on Wednesday. Emirates Trade Bank will be the first of its kind global Sharia-compliant bank ...

  ABU DHABI / WAM A law on the protection, discovery, preservation, management and promotion of the emirate’s cultural heritage and non-UAE physical cultural heritage was issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan in his capacity as Ruler of the Emirate of Abu Dhabi. The law governs the mandate of the Abu Dhabi Tourism and Culture ...

  Dubai / WAM Dubai Customs and General Administration of Kuwait Customs have agreed to set up an electronic integration system for exchange of customs intelligence information and automated clearance of goods imported to Kuwait from Dubai ports, and vice versa. The system, scheduled for implementation early in 2017, will allow the interchange of risk information gathered from processing customs ...

  Dubai / WAM The Dubai Municipality on Wednesday launched its corporate policy on climate change in support of the goals and directives of Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and his vision for green sustainable development for the Emirate of Dubai. The Dubai Municipality’s climate change ...

  Dubai / WAM Emirates NBD on Wednesday launched the bank’s pilot blockchain network for banking services, a first for any private sector entity in the UAE. This was accomplished after it successfully completed a proof of concept blockchain network for international remittances and open account trade finance, in partnership with ICICI Bank Limited, India’s largest private sector bank by ...