News

Cairo / WAM President of Egypt, Abdel Fattah El Sisi, received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in Cairo on Sunday. During the meeting, attended by Sameh Shukry, Egyptian Foreign Minister, President El Sisi and Sheikh Abdullah discussed the brotherly relations between the UAE and Egypt, along with ways to enhance ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has reaffirmed the directions of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to provide the utmost support for the UAE family considering it as the nucleus of society. Sheikh Mohammed adopted the National Family Policy ...

Dubai / WAM The Dubai Chamber of Commerce and Industry has announced strong interest from companies in the UAE and GCC applying for the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM), Business Award and the 2nd cycle of the MRM Business Innovation Award. Due to the high volume of applications, the Chamber has extended the registration deadline ...

Dubai / WAM Dubai Investments has announced that its private equity subsidiary Masharie LLC divested its 50% stake in Dubai International Driving Centre (Drive Dubai), for AED 35 million. The stake sale generated an internal rate of return (IRR) of 21 percent. Masharie was one of the founding partners of Drive Dubai in December 2012. Drive Dubai operates an 850,000 ...

Dubai / Emirates Business Travel is expected to peak this weekend for Emirates, as the airline expects yet another busy period with visitors passing through Terminal 3 ahead of the spring break holiday. The busiest time for departures will be on March 23 in the morning and continuing all day on March 24-25. With road works and infrastructure enhancements happening ...

Sharjah / Emirates Business Axis Bank, India’s third largest private sector bank, on Sunday opened a representative office in Sharjah. Vipul, Consul General of India in Dubai, inaugurated the representative office. The representative office in Sharjah is the third such Axis Bank office in the UAE after Dubai and Abu Dhabi. The new representative office will engage primarily in promoting ...

DUBAI / WAM The Gulf job market is set to grow at an average rate of nine percent this year, according to research conducted by GulfTalent, an online recruitment portal. The results are based on GulfTalent’s survey of over 1,100 CEOs and executive managers of firms across the GCC. According to survey findings, the biggest factor driving employment growth is ...

Abu Dhabi / Emirates Business Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Sunday announced that it recycled over 96 thousand tonnes of waste in 2017, up from over 77 thousand tonnes in 2016. Today is the first Global Recycling Day, which is being marked worldwide to encourage the economic ...

Dubai / Emirates Business A bespoke interior finishing company, Covering Concepts on Sunday announced the launch of their design studio at Dubai Design District with an aim to capture the growing GCC interior fit-out market, valued at approximately $18 billion. Covering Concepts will offer a wide range of premium flooring and wall design solution for both residential and commercial projects. ...

Dubai / Emirates Business International heavyweights in construction machinery will be in Dubai for one week only at The Big 5 Heavy next week, which will run from March 26 – 28 at the Dubai World Trade Centre (DWTC). With over 300 exhibitors from 30 countries including the biggest brands in the world in its launch edition, The Big 5 ...