News

Dubai / Emirates Business Dubai welcomed innovative cruise ship, Spectrum of the Seas into Port Rashid, marking its debut into the Arabian Gulf. In celebration of this significant occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the ship’s captain and key industry stakeholders from the Dubai Cruise Committee. Reaffirming Dubai’s position as ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai, issued 2,805 new licenses during April 2019, a growth of 60% compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49% were professional, 48.1% commercial, 2.3% related to tourism, and 0.6% ...

Dubai / WAM The UAE Water Aid Foundation, Suqia, launched its annual Ramadan campaign to provide drinking water in mosques and Iftar tents throughout the Holy Month of Ramadan. This campaign is running in partnership with Mai Dubai and cooperation with 14 local charities. For the second consecutive year, Suqia’s Ramadan campaign spans different countries around the world in collaboration ...

Abu Dhabi / WAM The Federal Youth Foundation launched the ‘Emirati Values Iftar’ initiative to celebrate Ramadan, whereby Emirati families host resident families from all backgrounds in their homes for Iftar meals throughout the Holy Month, introducing them to authentic Emirati customs and values. Organised under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, ...

Abu Dhabi / WAM Founder’s Memorial, a permanent national tribute to the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE, has completed its first year of operations since opening to the public in April 2018. In that time, 198,919 people from a range of ages and cultural background have visited the Memorial, including a number ...

Bloomberg Apple Inc has finalised a short list of locations for its first retail store in India, according to people familiar with the plans, as the company redoubles its efforts in the world’s fastest-growing smartphone market. The iPhone giant has zeroed in on several upscale sites in Mumbai, and plans to make a final decision in the next few weeks, ...

Bloomberg Beijing InnoCare Pharma Tech Co, which is developing treatments for cancer and autoimmune diseases, is planning a Hong Kong initial public offering, people with knowledge of the matter said. The company has been interviewing potential advisers and aims to list as soon as this year, said the people, asking not to be identified because the information is private. InnoCare ...

Bloomberg Toyota Motor Corp and Honda Motor Co forecast profit and sales short of analysts’ estimates as a trade spat between the US and China threatens global car sales already sputtering from weaker demand. Both reported results that underscore the challenges faced by automakers across the globe, from having to invest in electrification and self-driving cars, to struggles with tariffs ...

Bloomberg One of the world’s top steelmakers is tracking this week’s high-stakes trade talks in Washington, forecasting that a failure by the US and China to make progress to end their prolonged stand-off risks undercutting steel demand as mainland manufacturing would likely take a hit. “If it doesn’t get sorted out by the day after tomorrow, then we can see ...

Bloomberg Indian billionaire Dilip Shanghvi intends to stay invested in unprofitable wind-turbine maker Suzlon Energy Ltd even though the company’s financial health has worsened over the last few years. “If I look at outcome then clearly that investment hasn’t had a great outcome,” Shanghvi said in an interview in Mumbai, adding that Suzlon has to solve its own challenges. Shanghvi, ...