Local News

UAE restaurant industry poised for growth

Ritika Sharma / Emirates Business Casual-dining Indian restaurants are reaping good dividends in the Emirates, thanks to a huge number of Indian expats and die-hard fans of authentic Indian cuisine across the country. Despite revenue slumps in various sectors due to oil fluctuations, the industry is flourishing rapidly in the country and is expected to grow. Around 19,000 extra restaurant ...

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Takaful faces an uphill climb

Ritika Sharma / Emirates Business The Islamic insurance industry is facing an uphill climb against severe competitive pressures with an added headwind coming from macroeconomic challenges, according to the Finance Forward Takaful Outlook Report 2016. However, the forecast is brighter with Takaful growing faster than the broader insurance market. This report will be discussed during the upcoming annual World Takaful ...

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Late stone-age life excavated at Marawah island

Emirates Business New archaeological excavations on Marawah Island have uncovered the earliest known inhabitants of the Emirate of Abu Dhabi providing a unique insight into life during the Late Stone Age in Abu Dhabi’s western region. A programme of archaeological surveys carried out by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) since 2012 has identified more than 20 ...

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VP reviews AED8bn One Central project

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, was briefed on the engineering designs and the general plan of the One Central mixed use project, which is being implemented by the Dubai World Trade Centre Authority (DTCA) in the Central Business District in Dubai at a ...

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Al Maktoum Airport to handle 26.5mn passengers

ABU DHABI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airline and Group, and Chairman of Dubai Aviation City Corporation, on Wednesday signed a contract agreement with Al Jaber LEGT Engineering and Contracting LLC(ALEC), paving the way for the Passenger Terminal Building expansion at Al Maktoum International ...

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Al Mansouri and Oz, Greek envoys hold talks on economy, investment

ABU DHABI / WAM The UAE’s non-oil trade with Australia stood at US$2 billion in the first nine months of 2015, making Australia one of its major strategic trading partners, Sultan bin Saeed Al Mansouri, Minister of Economy, said during a meeting with Australian Ambassador to the UAE, Arthur Spyrou, on Wednesday. He said there were 48 Australian companies, 60 ...

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UAE first Arab country to ratify Trade Facilitation pact

ABU DHABI / WAM The United Arab Emirates concluded ratifying the Trade Facilitation Agreement and notified the World Trade Organisation (WTO) of acceptance of the agreement, becoming the first Arab country to do so. Sultan bin Saeed Al-Mansouri, Minister of Economy, said that the Trade Facilitation Agreement is one of the most important agreements within the WTO multilateral trading system. ...

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ADCB first to sign escrow account deal with DMA

ABU DHABI / WAM Following the announcement of the Real Estate Law No. (3) of 2015 in the capital, Abu Dhabi Commercial Bank, ADCB, obtained the first escrow agent registration certificate from the Department of Municipal Affairs (DMA), upon signing the agreement with the governing body. Real Estate Law No. (3) was issued to adopt the real estate escrow regulations, ...

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Abu Dhabi to host The Bett Mideast Leadership Forum

ABU DHABI / WAM Abu Dhabi will host more than 1,000 influential education leaders, practitioners and industry experts from around the world during the Bett Middle East Leadership Forum and Expo to be held on April 6-7, where the future of education will be debated and discussed. Taking place in partnership with the Abu Dhabi Education Council (ADEC), the event ...

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This GENIE will help you unwind in hotel!

RITIKA SHARMA / EMIRATES BUSINESS Imagine having a GENIE at your disposal doing almost all your jobs as you relax in your comfy hotel room – from booking a spa appointment to informing you about play area access time for your kids. Address Hotels + Resorts, a five-star premium hotel brand of UAE-based Emaar Hospitality Group, is drawing on the ...

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