Local News

  Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority, RTA, chaired a meeting of an RTA Senior Leadership Team comprising CEOs, Directors and Deputy Directors. The meeting discussed future trends of innovation and how to shape them. Al Tayer began the meeting by stressing the importance of preparing, ...

  ABU DHABI / Emirates Business Classes at International Indian School – Abu Dhabi, an educational institution which has come up recently, will begin on May 15. Located in Baniyas West, the co-educational, independent all-through school will follow the CBSE curriculum. Admission to KG-1, KG-2 and Grades 1 to 8 is in progress, said the school authorities. The school is ...

  DUBAI / Emirates Business Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, puts the spotlight on Nearly Zero-Energy Buildings (nZEBs) at a Focus Day organised in partnership with the Dubai Chamber of Commerce & Industry (Dubai Chamber) and the Dubai Supreme Council of Energy. Discussing the definitions ...

  ALKESH SHARMa / Emirates Business While the Middle East has surpassed air traffic growth rate globally, the region is also plagued by the persistent hurdles of rising costs and other challenges in smooth supervision of airspace. However, industry experts vouch that a smart redesigning of airspace in this region could significantly add to the course of cost cuttings and ...

  Sunaina Rana / Emirates Business Featuring customised scalability and unmatched efficiency in the automotive industry, leading business consulting and IT service company ProCons joins hands with Al Jaziri Motors to implement digitalisation across all its showrooms, including the World’s biggest Lamborghini Showroom in Dubai. The automobile industry has been moving towards the new means of industrialization, with digital transformation ...

  Ritika Sharma / Emirates Business Aiming to provide entrepreneurial opportunities for young innovators, various UAE companies are creating platforms to nurture the hidden talent in students by organising international competitions and networking workshops. In one such initiative, Al Bayt Mitwahid, a public benefit association in UAE, partnered with Microsoft on the recently held Imagine Cup 2016, where young innovators ...

  Abu Dhabi / Emirates Business The Telecommunications Regulatory Authority (TRA) has announced that ‘Khadamati,’ the one-stop-shop smart portal for federal entities seeking access to all types of government services, has become the first smart application to be hosted and made available through the UAE’s cloud computing project. Under ‘UAE Smart Cloud’, an initiative being implemented by TRA as part ...

  ABU DHABI / WAM The Emirate of Abu Dhabi on Tuesday announced that it has successfully issued its benchmark dual-tranche 5 and 10 years, US$ 5bn bonds. The 5-year Bonds was priced on 25th April 2016 at a yield of 2.218%; the 10-year Bonds with a yield of 3.154% with a spread of 85bps and 125bps respectively, over the ...

  DUBAI / WAM The Emirates Group released its 2015-16 annual report, announcing that the group posted an AED8.2 billion (US$2.2 billion) profit for the financial year ending 31st March, 2016, up 50% from last year. The group’s revenue reached AED93 billion (US$25.3 billion), a decrease of 3% over last year’s results, and the group’s cash balance increased strongly to ...

  DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) discussed investment opportunities in energy projects and cooperation with Swiss companies operating in the UAE. This came at a meeting which was attended by Saeed Mohammed Al Tayer, MD & CEO of DEWA, and attracted 100 Swiss companies under the theme ‘Business Innovation’ at the Sustainable Building in Al ...