News

Dubai / Emirates Business Meraas Holding (Meraas) announces that it has entered AED5 billion ($1.4 billion) long-term strategic partnership with Brookfield Asset Management (Brookfield) to jointly own and operate a retail-focused real estate platform in the UAE with a mandate to explore growth opportunities in the retail sector across the GCC region. This transaction represents a significant investment in the region ...

Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi organised a ceremony on Sunday to award licences for the existing 18 non-Muslim places of worship in the emirate of Abu Dhabi. Licences for five other places of worship were also announced in the ceremony. The event aimed to highlight the DCD’s vital role in regulating places ...

Dubai / Emirates Business Dubai Chamber of Commerce and Industry hosted its Exporter of the Month ceremony at its head office where 8 member companies were recognised for outstanding export performance during the first eight months of this year. GTCS Trading DMCC and DBMSC Steel FZCO were both recognised as companies reaching the highest export value, while Hitech Industries FZE ...

Dubai / WAM The Mohammed bin Rashid Housing Establishment (MRHE), announced the start of preparations to organise the third edition of Housing, Building Materials, Decoration & Engineering Consultancy Exhibition “DecoBuild 2019”, which will be held in Dubai, from November 6-9. The exhibition, which is organised for the third consecutive year, will be witnessing broad participation of governmental entities, especially exhibitors, ...

Dubai / WAM Dubai’s Department of Economic Development (DED), issued 2,650 new licences for various professional, commercial, industrial and tourism activities in August 2019. This is a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, said a DED press release issued on Sunday. According to the Business Registration and Licensing (BRL), sector in ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have sent messages of congratulations ...

Abu Dhabi / WAM Abu Dhabi Ports on Sunday revealed robust operational performance with significant volume growth in the first half of 2019. The company, which operates ports and terminals across the UAE, as well as Khalifa Industrial Zone Abu Dhabi (Kizad), said its success was driven in part by concession agreements signed with leading maritime firms, such as Mediterranean Shipping ...

Dubai / WAM In celebration of the Kingdom of Saudi Arabia’s 89th National Day on September 23, Dubai will light up its skies with spectacular fireworks displays across many of the city’s vibrant destinations to mark the joyous occasion. Located at the tip of Palm Jumeirah across from hotel resort Atlantis, The Palm lies The Pointe, a scenic, retail and ...

Bloomberg Kenya plans to invite bids next month for the development of a $1.1 billion crude pipeline as the East African nation prepares to start exports via the conduit in three years. Construction of the approximately 820-kilometer (509-mile) pipeline from the oil fields in South Lokichar to the Indian Ocean port of Lamu may start in the second half of ...

Bloomberg Prime Minister Narendra Modi arrived in the US a day after delivering a $20 billion tax-cut stimulus for companies, which strengthens his pitch to American chief executives about the ease of doing business in India. His government cut corporate taxes to rival some of the lowest in Asia, helping India compete with the likes of Vietnam and Indonesia to ...