Local News

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) honoured the winners of the 2nd DEWA Suppliers Cricket Tournament 2016. The tournament was held at the Insportz Club in Al Quoz, Dubai, and witnessed the participation of 20 corporate teams. Other than cricket, DEWA also organised a football and women’s bowling championship. ...

  Abu Dhabi/Dubai / Emirates Business Daikin VRV IV Series has received the Abu Dhabi Trustmark for Environmental Performance from the Abu Dhabi Quality Conformity Council (QCC). Daikin’s VRV IV has become even smarter; not only is it especially equipped to handle the sizzling heat of the Middle East, but with its unique VRT technology, it constantly monitors ambient temperature ...

  Dubai / Emirates Business Career success consists of a number of different components and insights from MENA professionals illustrate how closely connected these factors may be. But a few key elements prevail, as shown by a recent poll entitled “The Bayt.com Secrets of Career Success in the MENA” poll, conducted by Bayt.com, the Middle East’s leading career site. The ...

  Abu Dhabi / Emirates Business Abu Dhabi’s macro economy saw robust performance in Q1 of 2016, reflecting continuous good growth rates at the end of 2015. Latest estimates issued by SCAD indicate that the GDP of Abu Dhabi, at the fixed prices, reached AED 196.1 billion in Q4 of 2015 with a growth rate of 7.7%, compared to the ...

  Dubai / Emirates Business Imdaad has been named this year’s recipient of the “IMA ME Finance Team of the Year Award.” Through this award, IMA identifies and honors the contribution of finance teams in the overall success of their organizations based on the foundations of outstanding performance, management accounting excellence, business partnering and innovation. The recognition is awarded to ...

  Dubai / Emirates Business In line with the recent trend, the UAE’s non-oil private sector expanded at a steady pace in June. Higher output and new orders were key factors behind the overall improvement in business conditions. That said, the respective rates of growth were subdued compared to those seen over the course of 2014 and 2015. Both employment ...

  Sunaina Rana / Emirates Business Small and medium enterprises (SMEs) are considered the backbone of UAE’s economy. Amid the crude slump, this sector has been contributing much towards the nation’s stability. However, at present, the SMEs are facing a number of challenges ahead to sustain themselves, in the wake of which a bankruptcy policy is being mulled by the ...

  RITIKA SHARMA / Emirates Business Europe has always been an investment hotspot among the regional real estate investors. It is not only an easily accessible destination but also offers variety when it comes to the perfect ‘return on investment’ (ROI) oriented properties. This trend has not only picked up in recent years, especially among UAE investors, in fact it ...

  ALKESH SHARMA / Emirates Business Fluctuating oil prices and weakening sentiments of consumers are no deterrent for UAE’s luxury goods industry that is expected to register an exponential growth in the coming months. Driven by high-income population and increased footfall of tourists, luxury goods industry in the UAE is expected to witness an over 20 percent growth by 2017-end, ...

  RITIKA SHARMA / Emirates Business Recent reports underlining the unprecedented pace of growing investments in renewable energy signal towards a crystal-clear path leading to a sustainable future ahead, experts opine. Renewable energy sector pocketed a whopping amount of nearly $286 billion investment in 2015 and more green initiatives are being rolled out each year with nations like the UAE ...