Local News

  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 ...

  Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada) announced that it has completed 40 percent of the upgraded road network and interchange at Abu Dhabi International Airport, as part of its efforts to realise the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to implement the directions of His Highness Sheikh Mohamed ...

  Dubai / WAM The Road and Transport Authority (RTA) Licensing Agency has recently launched the second phase of its ‘Online Vehicle Mortgage Addition’ service, the ‘Vehicles Mortgage Addition/Redemption’ scheme. The first phase of the scheme, ‘Online Vehicles Mortgage Redemption,’ was launched in 2013. Ahmed Bahrozyan, CEO of the RTA Licensing Agency, said, “The RTA constantly seeks to adopt the world’s ...