News

Khalifa Fund showcasing two Emirati-owned businesses in Dubai

Dubai / WAM The Khalifa Fund for Enterprise Development (KFED) is showcasing two businesses owned by UAE citizens at the ongoing Hotel Show Dubai 2019. The event is being held at the Dubai World Trade Centre until Thursday. The featured companies ‘National Traders Refreshments’ and ‘Overseas for Water’ are two of the most prominent KFED-supported Small and Medium-sized Enterprises (SMEs), ...

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ADGM publishes new arbitration guidelines

Abu Dhabi / WAM The Abu Dhabi Global Market Arbitration Centre (ADGMAC), has launched a set of Arbitration Guidelines with unique and innovative characteristics that offer parties procedures on the best practices to bring about greater certainty and efficiency to the arbitral process. The guidelines, issued as part of the ADGMAC’s ongoing commitment to raising the level of global arbitration, were ...

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Emirates SkyCargo, Seafood Souq ink deal

Dubai / Emirates Business Early on September 6, a batch of salmon arrived in Dubai in the cargo hold of Emirates flight EK 28 from Glasgow. The shipment of Scottish salmon, destined for restaurants and consumers in the UAE, was the first that was being transported for Seafood Souq, a Dubai based start-up working on transparent and efficient sourcing of ...

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Expo 2020: Final section of Al Wasl dome lifted into place

Dubai / WAM Months of planning have successfully led to the final piece of Al Wasl dome being lifted into place after an intricate and complex construction operation. The dome’s huge steel crown was positioned at the top of the jewel of the Expo 2020 Dubai site in an inspiring feat of precision engineering, according to a press release issued ...

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ERC continues to provide relief to Rohingya refugees

DHAKA / WAM The Emirates Red Crescent (ERC), continues to provide humanitarian and relief aid to Rohingya refugees in Bangladesh upon the directives of country’s leadership and under the supervision of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The distribution of the aid is part of the UAE’s ...

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Sharjah Ruler to open 4th edition of ‘Xposure’ today

Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, will inaugurate the fourth edition of the International Photography Festival (Xposure 2019), the region’s biggest photography event on Thursday, at Expo Centre Sharjah. The four-day International Photography Festival will run from September 9-22, and will witness the participation of 53 of ...

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Air Arabia’s inaugural flight lands in Vienna

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, now offers direct flights between Sharjah and Vienna. The non-stop six-hour flight to Vienna, will operate four times a week, on Sundays, Wednesdays, Fridays and Saturdays, and will be expanded to daily flight service as of mid-December. Adel Al Ali, Group Chief Executive ...

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DoF says, public-private partnerships to see multi-billion dirham projects in few years

Dubai/ WAM Developing and maintaining a sustainable, reliable and high-quality infrastructure is the key to the success of any city, according to Abdulrahman Saleh Al Saleh, Director-General of Dubai’s Department of Finance (DoF). “We are continuously aspiring to enhance the financial sustainability of the public sector and provide a stimulus for economic growth in the Emirate of Dubai. In line ...

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Ras Al Khaimah records 118,000 visitors in August

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (Raktda) on Wednesday announced record-breaking visitor numbers to Ras Al Khaimah in August, with almost 118,000 visitors choosing the UAE’s northernmost Emirate to visit and enjoy it’s fascinating history, traditional culture, magnificent landscapes and world-class hotels and resorts. The emirate of Ras Al Khaimah has witnessed a 5% ...

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Nissan Motor seeks sale of trading unit in $1 billion deal

Bloomberg Nissan Motor Co is seeking to sell a wholly owned subsidiary that distributes vehicle parts and materials in a deal that may be valued at about $1 billion, as the struggling Japanese automaker seeks to slim down, people familiar with the matter said. The company has invited private equity and trading firms to bid for 100 percent of Nissan ...

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