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Dubai / WAM Emirates National Oil Company Limited (ENOC) has won the Innovation Business of the Year award at this year’s edition of the MEED Awards in recognition of its Solar-Powered Stations which combines innovative design and smart solutions. Saif Humaid Al Falasi, Group CEO of ENOC, said, “We are happy to win this award and to continue playing an …

DUBAI / WAM Dubai Economy hosted the 2nd Business Community Engagement (BCE), Forum under the theme ‘Enabling a Future-Ready Business Environment.’ The forum aimed to strengthen the partnership between Dubai Economy and the business community in the emirate, and particularly support businesses to be future-ready amidst the unstoppable global mega trends. The forum – held under the patronage of HH …

Dubai / Emirates Business Mariam Al Afridi, Director of Government Communications at Dubai’s Department of Economic Development, has been recognised as one of the ‘Most Influential Global Marketing Leaders of the Year’ by the World Marketing Congress. Mariam was the only Arab to appear on the list, which is published annually and honours members of the marketing community who have …

Dubai / WAM The UAE Ministry of Education (MoE), has announced the launch of the National Science, Technology and Innovation (NSTI), Festival that will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The festival will take place at the Dubai …

DUBAI / Emirates Business With every passing year, workplace equality becomes a higher priority for organizations around the world – and those in the Middle East and North Africa (MENA) region are no exception. According to the ‘Working Women in the Middle East and North Africa’ survey by Bayt.com, the Middle East’s number one job site, and global online market …

Dubai / WAM Union Coop has announced the signing of an Memorandum of Understanding (MoU) with the Erada Centre for Treatment and Rehab, with the aim of educating the UAE society on the dangers, damages and threats of drugs. Shuaib Al Hammadi, Marketing Section Manager, signed the MoU on behalf of Union Coop, and Chief Executive, Dr. Mohammad Fayek signed for …

Bloomberg Russia’s natural gas exporter is channeling more money into its fight for market share as the US threatens its biggest European pipeline project with possible sanctions and looks to deliver more fuel to the region by tanker. Gazprom PJSC plans to spend 802 billion rubles ($13.7 billion) on routes to Europe and China in 2018, almost 41 percent more …

Bloomberg Saudi Arabia announced its budget deficit narrowed in 2017 to below 10 percent of economic output for the first time since the collapse in oil pri- ces, as the kingdom prepared to unveil what is expected to be an expansionary budget for next year. The shortfall dropped to 8.9 percent of gross domestic product from almost 13 percent in …

Bloomberg Crude lingered near $57 a barrel for a third day as oil workers in Nigeria suspended a strike and repairs to a crucial North Sea pipeline proceeded apace. Futures slipped 0.2 percent in New York, erasing gains from earlier in the session. Managerial workers in Africa’s second-largest crude-producing nation halted their strike and agreed to reopen talks next month. …

Bloomberg Didi Chuxing, the ride-hailing giant that vanquished Uber Technologies Inc. in China, is turning to franchising in Taiwan as it expands its business beyond the mainland. Didi plans to only operate as a taxi hailing platform in Taiwan and is seeking to work with existing drivers that it’s recruiting through its Facebook page. The recruitment is being done by …