News

DUBAI / Emirates Business DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem has inaugurated a new manufacturing unit for the Momin Group at Jebel Ali Free Zone (Jafza). The facility has a built-up area of over 10,000 sqm for production of vegetable ghee, soft oils such as corn, canola and sunflower and processing of soya bean oil for ...

Paris / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, in the presence of HH Sheikha Jawaher bint Mohammad Al Qasimi, wife of His Highness the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs (SCFA) and Sheikha Bodour bint Sultan Al Qasimi, Founder and CEO of ...

Dubai / Emirates Business MEED has announced this year’s finalists of the only recognition scheme honouring completed projects in the Gulf region. A total of 94 projects from Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates are competing for honours in 16 different categories of the annual MEED Projects Awards, in association with Mashreq. The UAE led the ...

Dubai / Emirates Business Emirates had announced a successful execution of a $600 million sukuk (Islamic finance issuance). The issuance received a good response from both local and international investors. The issuance of the Trust Certificates, in the principal amount of $600 million will be repaid in an amortizing format over 10 years with legal maturity in March 2028. The ...

Dubai / Emirates Business Dubai Land Department (DLD) has hosted a workshop with representatives from commercial shopping malls and retail outlets to discuss the new rental law project. The three-day workshop was attended by His Excellency Sultan Butti bin Mejren, Director General of DLD; His Excellency Judge Abdulqader Mousa, Director of the Rental Disputes Center (RDC), the judicial arm of ...

FUJAIRAH / WAM The National Bank of Fujairah (NBF), announced on Saturday that it has been awarded the Dubai Chamber CSR Label for its strong commitment to upholding the best practices in the field of corporate social responsibility and its support for developing a sustainable environment. This award recognises NBF’s progress in developing an outstanding strategy and significant practical measures ...

Dubai / Emirates Business Palma Holding, one of the most prestigious names in Dubai’s real estate industry, has handed over its flagship AED 1.5 billion Serenia Residences project on schedule. 70% of the units have been sold and the luxury community is now welcoming its first residents to discover the ultimate in beachfront living. Kareem Derbas, CEO and Founder of ...

Abu Dhabi / Emirates Business In its third edition, ‘Morocco in Abu Dhabi’ has achieved an unprecedented turnout, with a total of 13,000 visitors in ten days from all over the country, giving them a great opportunity to learn about Morocco’s rich cultural heritage in all its forms, being Morocco’s architecture, music, art, cuisine, customs, traditions, fashion and heritage museum. ...

DUBAI / WAM HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture and Arts Authority, Dubai Culture, on Saturday inaugurated the eighth edition of SIKKA Art Fair, which will run from March 17 to March 26 at Al Fahidi Historical Neighbourhood as a flagship event of Dubai Art Season 2018, strengthening the culture, heritage, arts ...

Dubai / WAM The Dubai Electricity and Water Authority (DEWA), has announced that it awarded contracts to construct four 400/132kV substations, at a valued of AED1.28 billion. The four new substations will added to DEWA’s existing 21 substations, reflecting the Authority’s efforts to increase the capacity and efficiency of its electricity and transmission networks. The projects included the AED314,932,395 construction ...