News

Dubai / Emirates Business The Dubai Airport Freezone Authority (Dafza) announced that its 2019 budget has increased significantly to AED 1 billion. This increase is a reflection of Dafza unwavering commitment to continuously increase its contribution to Dubai trade. Dafza’s investment in new expansion projects is estimated to be around AED 780 million representing 78% which comes in support to ...

Dubai / WAM Dubai Municipality has begun building 50 playgrounds and squares for children in residential areas throughout the city. The project, carried out under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, is a result of his keenness to provide residents with healthy lifestyles, ...

Abu Dhabi / WAM The UAE General Civil Aviation Authority (GCAA), announced the resumption of flights to Pakistan and allowed airlines registered in the UAE to resume flights to Quetta International Airport and Allama Iqbal International Airport in Lahore. The move, GCAA said, follows the positive developments in Pakistan.

Dubai / Emirates Business The 27th edition of the Dubai International Boat Show (DIBS), came to an end, with many exhibitors reporting strong sales – including debut deals for the world’s first “flying” yacht, born and developed right here in the UAE. ENATA’s Foiler – which mimics the sensation of flying through its unique design – was one of the ...

Abu Dhabi / WAM The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, was named “Best Islamic Bank in the Middle East” and “Best Islamic Bank in the UAE” at the EMEA Finance Middle East Banking Awards 2019. The recognition highlights ADIB’s record of delivering innovative Sharia’a compliant products to its customers, while consistently providing high-quality personalised services, both ...

Bloomberg In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected. The project, previously slated to start shipping crude in the fourth quarter of this year, is now expected to enter service in the second half ...

Bloomberg Muhammad Ridick would rather endure a back-breaking five hours of commuting on his motorbike each day than ride Jakarta’s public transport. “It’s very difficult to get a seat on a bus or train during rush hour,” said Ridick, 25, an employee at PT Telekomunikasi Indonesia, whose 80 kilometer round-trip journey to work and back means he often doesn’t reach ...

Bloomberg A week after US Agriculture Secretary Sonny Perdue said China pledged to buy more American soybeans, no sales have been done. While Chinese buyers returned to the market asking for offers, traders familiar with the process say no deals have been done. That’s a disappointment for American farmers looking to offload a bumper harvest that’s been piled in bags ...

Bloomberg Malaysia says it is trying to develop its first flying car, but it won’t let the general public drive it. Malaysia’s flying car will instead be developed for transport-service companies, Bernama news agency said, citing the country’s Entrepreneur Development Minister Muhammed Redzuan Yusof. Companies are queuing up for the vehicle, including Grab, which wants to use it as a ...

Bloomberg In some quarters, a lack of work-life balance is not always a bad thing. HRnetgroup Ltd., Singapore’s biggest recruiter and human resources firm, is hoping that expanding services in China will help lift its share price that has sagged since an initial public offering (IPO) two years ago. China’s headhunting market is booming, thanks to the willingness of job ...