News

Bloomberg Kingdom Holding Co, one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc, according to the head of Prince Alwaleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we are supportive of it yes,” Chief ...

Bloomberg China risks being locked out of talks to establish new global rules to govern the $25 trillion e-commerce marketplace as the US and other nations resist an effort by Beijing to curb the plan’s ambition, according to people familiar with the talks. Negotiations, which are set to be launched on Friday on the sidelines of the World Economic Forum’s ...

Bloomberg Dubai’s Damac Properties PJSC plans to take advantage of the weak pound to invest as much as 1 billion pounds ($1.3 billion) in London’s real estate market. Chairman Hussain Sajwani said the Dubai-based property developer is looking at deals with values from 500 million pounds to 1 billion pounds in central London. Even if the UK left the European ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) announced that it will be participating in the 15th edition of Arab Health Exhibition and Congress “Arab Health 2019”, to highlight the competitive services and features that it provides for the healthcare sector. The event will be held at Dubai International Exhibition and Convention Centre from January 28 – 31. Dafza’s ...

Emirates Business Etihad Airways, the award winning national airline of the United Arab Emirates, is hosting a major recruitment drive globally, seeking individuals with outstanding hospitality experience to join the airline’s World Leading Cabin Crew. The international recruitment days will take place in 19 different cities across Australia, Europe, the Middle East and Africa including the United Kingdom, France, Slovakia, ...

Dubai / Emirates Business Commercial Bank of Dubai (CBD) on Wednesday reported its financial results for the year 2018. In a statement, the bank said that its operating income of AED 2,725 million was up 3.1% year on year, while operating expenses decreased by 4.7% to AED 858 million. The bank’s operating profit of AED 1,866 million before impairment allowances ...

Dubai / WAM The Dubai Supreme Council of Energy released on Wednesday the fifth ‘State of Green Economy Report’ during a ceremony at the Etihad Museum in Dubai. The 2019 edition was compiled by the Council in collaboration with the Dubai Carbon Centre of Excellence, and Dubai Electricity and Water Authority (Dewa). It highlights the key achievements of active institutions ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, on Wednesday attended the opening of Sita 2019 for the Middle East, India and Africa region (MEIA), at the JW Marriott Marquis in Dubai. Sheikh Ahmed witnessed Sita’s business objectives and outlook for ...

Davos / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, met CISCO CEO Chuck Robbins at the World Economic Forum in Davos, Switzerland. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, Mariam Hareb Almheiri, Minister of State for Food Security, Omar bin Sultan ...

Aden / WAM The Office of the United Nations High Commissioner for Refugees (UNHCR), praised the efforts made by the Emirates Red Crescent in Yemen and revealed plans for joint projects this year. This was stated during a meeting held on Wednesday between Sultan Al Shamsi, ERC Representative in Aden and Jacqueline Parlevliet, Head of the UNHCR’s Sub-Office in Aden, ...