News

DUBAI / Emirates Business The inaugural Big C Forum witnessed the signing of a Memorandum of Understanding (MoU) between Dubai-based holding company Meraas and Singapore-based Chinese company Samanea Group that will see the launch of an AED1 billion mall by Q2 2021 near Dubai International City. Six key Chinese manufacturers and businesses also signed the letter of intent. Samanea Group ...

DUBAI / WAM The UAE Space Agency and Mohammed bin Rashid Space Centre (MBRSC), announced that 85 percent of the Hope Probe project has been completed. In a joint statement, the two organisations confirmed that most of the main parts of the project have been completed and are currently undergoing intensive testing to ensure every aspect of the Probe is ...

Dubai Emirates Business Union Coop, the largest consumer cooperative in the UAE reported a 26.5% increase in net profit for the first quarter of 2019, compared to the same period on the previous year, with an increase of AED 28.8 million. The first quarter of 2019 saw a net profit AED 138.5 million, compared to AED 109.7 million of 2018. ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, signed a Joint Partnership Agreement with the General Administration of Customs in Abu Dhabi, aimed at developing freight transport requirements, and enabling trains to travel more efficiently through the adoption of best practices and smart electronic technology. HH Sheikh Theyab bin Mohamed bin Zayed ...

Aden / WAM The UAE provided 80 tonnes of humanitarian and relief assistance to the Yemeni governorates of Aden, Shabwa, and Hodeidah, during the past week. The move is part of the UAE’s continuous support to Yemen and its people under the guidance of the country’s leadership. The UAE, represented by the Emirates Red Crescent (ERC), distributed 60 tonnes of ...

Abu Dhabi / WAM The first-ever shipment of UAE-produced calcined coke has begun its maiden voyage to mainland China. Some 10,500 tons of calcined coke were loaded by Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company, (Adnoc), onto the M/V Lucky Ocho, a vessel chartered by Adnoc Logistics and Services, to be delivered in Yantai, China by ...

Dubai / Emirates Business Emirates and SpiceJet have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East. Subject to necessary government approvals, the partnership will enable Emirates’ passengers to enjoy seamless ...

Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in Dubai, entitled Airport Show, will see a record participation of 211 buyers, reconfirming the exhibition’s strong position as an ultimate B2B event and reflecting the significant business opportunities available in the Middle East region. Held from April 29 to May 1 at the Dubai International ...

Bloomberg Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the former chairman who once led the alliance between Nissan Motor Co, Renault SA and Mitsubishi Motors Corp. Using foreign corporate entities in 2017 and 2018, Nissan lost $5 million that was funneled into accounts controlled by Ghosn, ...

Bloomberg Chinese regulators have sketched out new requirements for videogame approvals following a year of scrutiny, providing more clarity to Tencent Holdings Ltd and other players struggling with a crackdown in the world’s largest gaming market. The State Administration of Press, Publication, Radio, Film and Television issued notices that detailed the documentation and processes required to get games approved for ...