News

Bloomberg Elon Musk made a series of internal promotions to rebuild Tesla Inc.’s senior management team and downplayed media coverage of the electric-car maker, assuring employees that production and deliveries are surging. The chief executive officer filled the voids left by departing heads of human resources and communications and elevated Jerome Guillen to president of automotive operations. While Musk stopped ...

Abu Dhabi / Emirates Business­­­­­ Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and the Beijing Financial Street Services Bureau concluded a Memorandum of Understanding (MoU) in Beijing, capital of the People’s Republic of China. The MoU was signed by Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM, and Li ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-level parliamentary delegation from Senegal at its headquarters in Abu Dhabi to discuss sustained cooperation in achieving the development priorities of the Senegalese government. Mohammed Saif Al Suwaidi, Director General of ADFD, His Excellency Moustapha Niasse, President of the National ...

Abu Dhabi / Emirates Business In a bid to encourage Chinese drug manufacturers and exporters to explore investment opportunities within the burgeoning pharmaceutical sector in the UAE, Abu Dhabi Investment Office (ADIO) organised a field visit for a delegation from China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE) to the Industrial City of Abu ...

DUBAI / WAM Over the next 100 days, 3,500 job opportunities will be available for Emirati job seekers in the financial, banking, insurance, retail and tourism sectors in the second phase of the national Emiratisation and direct employment programme in vital economic sectors. The Ministry of Human Resources and Emiratisation has signed 13 Memoranda of Understanding (MoUs), with federal and ...

DUBAI / WAM Dubai Roads and Transport Authority (RTA) has carried out a comprehensive study on the Economic Impact of the Dubai Metro Project, including both its Red and Green Lines, in collaboration with Henley Business School, University of Reading, one of the longest-established universities in the UK. The study analysed the direct and indirect economic benefits of the Metro ...

Abu Dhabi / Emirates Business Etihad Airways has partnered with Farelogix Inc. to enhance its merchandising and distribution capabilities. The deployment of new generation technology from Farelogix will enable Etihad to provide unique, customised offers to its guests, and strengthen its position as the ‘airline of choices’. Etihad’s strategy will focus on broadening ancillary offerings to customers, allowing for more ...

Dubai / Emirates Business The United Arab Emirates (UAE) has ranked in the top 10 countries globally for online searches of the term “how to start a business in…”, according to a recent report from SEMrush, the leading online digital marketing suite. Far out-ranking all other countries in the wider Middle East region, the UAE claimed a lofty 9th position ...

Bloomberg Peace talks between Yemen’s exiled government and Shiite rebels planned for this week in Geneva haven’t taken place after the Houthis delegation didn’t arrive in the Swiss city. The United Nations’ special envoy to Yemen, Martin Griffiths, plans to head to the war-torn country within days, where he will hold talks with the Houthi rebels. “The environment for discussions ...

Dubai / Emirates Business Dubai Land Department (DLD) revealed that the results of the Dubai real estate market during the first eight months of 2018 are encouraging, especially in light of the timely completion of projects. One of the signs of the real estate market’s attractiveness is its continued ability to attract additional investors who have invested heavily, contributing to ...