Local News

Samsung commands GCC mobile phone market

  ALKESH SHARMA / Emirates Business The GCC nations, led by UAE, are one of the biggest markets of smartphones globally. In a bid to beat the mounting competition and grab the maximum market share, mobile phone companies are adopting many innovative strategies, specially customised for this region. South Korean conglomerate Samsung has emerged as the clear-cut market leader in ...

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TRA discusses telecom tie-ups

  Abu Dhabi / Emirates Business A high-level delegation from the UAE Telecommunications Regulatory Authority (TRA) held discussions during its participation at the recently concluded 27th meeting of the GCC Committee for Undersecretaries of Post and Telecommunications, in Riyadh. Topics covered partnerships in the telecommunications sector especially the recommendations issued by the Secretariat General regarding Post Office Agents Association and ...

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Dubai a global leader in drive towards happiness

  Dubai / Emirates Business Dubai’s government is a global leader in fostering a start-up approach to drive citizen happiness and the knowledge-based Digital Economy, government and smart technologies experts announced at a special majlis. Attending the majlis, held at the Murjaan Ballroom at the MadinatJumeirah Convention Centre under the theme of, “Citizens of the Future: Run Live, Run Happy,” ...

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Etisalat Award for Arabic Children’s Literature calls for entries

  Sharjah / Emirates Business The eighth edition of the Etisalat Award for Arabic Children’s Literature is now open to accept submissions, with its organisers encouraging publishers, authors and illustrators of Arabic children’s and young people’s books from across the world to send in their entries before the end of August. Organised by the UAE Board on Books for Young ...

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Sharjah Islamic Bank repays $400mn sukuk

  Sharjah / EMIRATES BUSINESS Sharjah Islamic Bank (SIB), a leading shariah compliant commercial bank in the UAE, successfully repaid a USD 400 million sukuk. The Sukuk was raised in May 2011 under challenging market circumstances. The funds raised under the sukuk were used for general corporate purposes and business expansion of SIB. Mohamed Abdulla, CEO of SIB, thanked the ...

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UAE tops intra-OIC trade list

  DUBAI / WAM Secretary-General of the Federation of UAE Chamber of Commerce and Industry, Humaid bin Salim, said the UAE was at the top member of Organisation of Islamic Cooperation in terms of intra-OIC trade in 2014 with US$121.7 billion accounting for 15.2 per cent of the total intra-OIC trade. Turkey came second with $77.8 billion (9.7 per cent ...

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We have started planning our economy away from oil trade

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, stressed that the strong and active presence of the UAE’s diplomacy in the regional and international arenas in terms of hosting numerous international agencies and conferences, as well as its active participation in international efforts to fight terrorism and ...

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UAE, Kosovo ink taxation, investment deals

  Pristina / WAM UAE, represented by the Ministry of Finance (MoF), signed two final agreements on avoidance of double taxation on income and the protection and promotion of investment with the Republic of Kosovo. The signing ceremony took place in the capital Pristina during an official visit of the UAE delegation headed by Younis Haji Al Khoori, Under-Secretary of MoF ...

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Extremism feeds terror, degrades others

  Copenhagen / WAM The United Arab Emirates has adopted a comprehensive vision for combating extremism and terrorism, taking into account the intellectual and cultural dimensions feeding them, said Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance. In a speech she gave on behalf of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of ...

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DEWA to boost energy, green biz ties with Russia

  Moscow / WAM A high-level delegation from Dubai Electricity and Water Authority (DEWA), headed by Saeed Mohammed Al Tayer, MD & CEO of DEWA, is visiting Russia to promote opportunities for joint cooperation with electricity, water, environment, renewable and clean energy businesses there. During the visit, Al Tayer delivered a seminar on business opportunities for water, clean energy and environmentally-sustainable ...

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