News

  Dubai / Emirates Business A concerted focus on infrastructure development paired with economic diversification is expected to revive the Gulf region’s commercial vehicle market, providing impressive business opportunities for auto manufacturers and aftermarket sellers. According to a March 2017 report from analysts TechSci Research, approximately 240,000 commercial vehicles (CVs) were sold in the Gulf Cooperation Council (GCC) in 2016, …

  Dubai / Emirates Business The National Happiness and Positivity Programme launched the ‘100 Days of Giving’ initiative, targeting UAE private and public school students, in co-operation with the UAE Ministry of Education, the Abu Dhabi Education Council (ADEC), and Dubai’s Knowledge and Human Development Authority (KHDA). The nationwide initiative aims to instil and cultivate value of giving back to …

  Sharjah / WAM The Environment and Protected Areas Authority (EPAA), will soon unveil details of the 18th edition of the Sir Bu Nair Festival, which will start from next Thursday in Sharjah. The festival, organised annually by the EPAA, aims to highlight Sharjah’s efforts in maintaining the legacy of the emirate’s environmental and cultural heritage. It also serves to underline …

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCaE), confirmed that rumours being circulated on social media about pollution in the UAE waters is not true. Salah Abdullah Al Rayssi, Director of the Sustainability of Marine and Coastal Environments at MoCCaE, reaffirmed that specialised teams regularly monitor water quality in the UAE through sampling and analysis to ensure …

  RAWALPINDI / WAM In keeping with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the 2nd phase …

  DUBAI / WAM Dar Al Ber Society (DABS) dispatched its second relief convoy to drought and famine-hit Somalia. Unlike the first campaign that was mostly focusing on securing necessary foodstuff assistance, a medical team has been sent to run a field hospital as part of the second convoy, which also included a number of experts to work on a …

  ABU DHABI / WAM Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Investment Company, on Saturday announced that Ismail Abdulla has been appointed as Chief Executive Officer, effective immediately. Ismail Abdulla served as Deputy CEO, and replaces Badr Al Olama, as CEO of Strata who has been in the role since 2012. Al-Olama …

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has organised a campaign to grant the wishes of its staff in non-supervisory positions, as part of its efforts to support the Year of Giving initiative. DEWA granted the wishes of 30 employees in grades 8 and below. Their wishes included laptops, iPhones, appliances, home furniture, shopping vouchers, and gifts for …

  Bloomberg Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil production cuts beyond June, Oil Minister Bijan Namdar Zanganeh said. “All indications are that the members want a renewal of the deal and we will go along with what they agree upon,” Zanganeh said on Saturday on the …

  Bloomberg Two thirds of Indonesia’s major companies missed earnings estimates in the first quarter, but that’s done little to stop investors from pouring into this enduring emerging-market darling. Overseas funds pumped the most money into the market in April for any month since mid-2014, even as Indonesia’s capital region saw its business-friendly governor lose a re-election campaign. The Jakarta …