Local News

  DUBAI / Emirates Business Gulf Craft has announced that it has delivered another one of the shipyard’s timeless masterpieces, the 41-meter Majesty 135 (M/Y Nashwan). Treasured for its ability to deliver truly royal cruising experiences, the award-winning Majesty 135 continues to be one of the most beloved creations in Gulf Craft’s large portfolio of luxury motor yachts from its ...

  Sharjah / Emirates Business As part of its commitment to supporting the growth of female entrepreneurs and fostering young talent in the region, Crescent Enterprises has entered into a partnership with the Sharjah Ladies Club (SLC), contributing to its Collage Talent Center and Ebriez Exhibition. Crescent Enterprises will support the club to reach 11,000 community members through a range ...

  Dubai / WAM Dubai Financial Market (DFM) has been recognised as the Best Stock Exchange for Shariah-Compliant Listings as part of Global Finance magazine’s ninth annual review of the World’s Best Islamic Financial Institutions. Winners will be honored during an award ceremony due to take place in Washington, October 2016 on the sidelines of the IMF/World Bank meetings. The ...

  Abu Dhabi / WAM Mubadala Development Company, the Abu Dhabi-based investment and development company, is set to showcase its growing aerospace capabilities at this year’s Farnborough International Airshow, one of the largest international aviation events. This year marks the 50th edition of the Airshow, which will be held from 11th to17th July in Farnborough, United Kingdom. Mubadala will be attending ...

  Dubai / Emirates Business Dubai Holding, the global investment holding company, on Sunday formalised a long-term strategic partnership with Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, to improve children’s access to quality education in underprivileged communities around the world. This initiative is part of Dubai Holding’s commitment to achieve sustainable results while driving forward the ...

  Dubai / Emirates Business Mashreq, one of the leading banks in the UAE, was recognized recently for its commitment to banking excellence, as it won awards for ‘Best Credit Card’ and ‘Most Improved Payment Card’ at the 2016 Card & Payments Middle East awards. Mashreq was awarded ‘Best Credit Card’ for its Etisalat Signature Card. The card uses a ...

  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 ...