Local News

  Dubai / WAM DP World on Sunday announced that the company has raised $1.2bn in a new 7-year sukuk set to be listed on NASDAQ Dubai, the Middle East’s international financial exchange. The issue received strong investor interest and was 2x oversubscribed receiving more than $2bn in bids. The new sukuk issue followed DP World’s successful refinancing of over $1.1bn ...

  Dubai / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received President Idriss Deby of Chad in Zabeel Palace on Sunday, along with his accompanying delegation. In the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Sheikh Mohammed welcomed President Deby and stressed ...

  Dubai / WAM The Expo 2020 Dubai on Sunday announced Emirates Airline as its Official Airline Partner. The partnership agreement, which was signed by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, and Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation and Director-General of Bureau Expo Dubai 2020, links Emirates ...

  Berlin / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, stressed the importance of boosting cooperation between the UAE and Germany in the aviation sector. In a statement made to the Emirates news Agency (WAM), Al Mansouri said that such cooperation would drive both countries’ commercial relations forward and provide greater access for new markets as both countries enjoy ...

Abu Dhabi / WAM The Executive Committee of Abu Dhabi Executive Council reviewed strategic plans of those government entities aligned with the Abu Dhabi Plan. The plans were first reviewed by the sub-committees of the Executive Council. The Committee reviewed the strategic plans for government sectors, including social development; security, justice and safety; economic development; infrastructure and the environment; in addition ...

  Abu Dhabi / Emirates Business Initial findings from The Emirate of Abu Dhabi Waste Master Plan 2040’s Waste Characterisation Study indicate that a significant amount of Municipal Solid Waste is food. Estimations of food waste range from 35% to roughly 50% in some waste collection areas in the Emirate. The fieldwork for the Waste Characterisation Study was carried out ...

  Ritika Sharma / Emirates Business More and more Middle East residents are looking for tailor-made real estate assistance to make the process of searching, purchasing and selling properties in the region easy. Catering to this demand, many online portals are creating one-stop destinations to offer investors and residents bespoke real estate services. Talking about the trend that is becoming ...

  Dubai / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF), a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, and the United Nations Development Programme (UNDP) organised Egyptian Knowledge and Innovation Society Conference in Cairo as part of a series of events in key international and regional cities to announce results of the Arab Knowledge Index. ...

  Sunaina Rana / Emirates Business Leading UAE-based e-commerce website Souq.com has observed a significant 32% growth in smartphones sales in 2015. The Google Insights report stated that the UAE has witnessed the highest rate of device ownership in the world. The average consumer in the Emirates in 2015 owned three connected devices. Souq.com has been experiencing a 100% increase ...

  RITIKA SHARMA / Emirates Business UAE has always been atop the list of countries that are home to exciting theme parks and unmatchable thrill rides. The country is leading the way in growth of the theme-based entertainment industry, as Euromionitor report reveals that revenue from the sector is expected to reach US$837 million by 2019, with new parks on ...