News

Bloomberg BMW AG would like to start offering up the back seat on motorbikes and scooters to get around congested cities—if the issue of helmets can be solved. “This is definitely an option, but we haven’t found the solution for the second helmet yet,” Peter Schwarzenbauer, who heads BMW’s Mini, Rolls-Royce and motorcycle brands, said at the Geneva International Motor ...

ABU DHABi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Paolo Gentiloni, Prime Minister of Italy, witnessed the signing of two historic agreements awarding Italy’s multinational oil and gas company Eni stakes in two of Abu Dhabi’s offshore concession areas. Under the terms ...

Dubai / Emirates Business A new group of ‘Hybrid’ cities recorded by JLL as having clear attributes of either ‘Emerging World Cities’ or ‘New world Cities’, has placed Dubai among the world’s top destinations for FDI in the real estate market. In a new report by JLL titled, World Cities: Mapping the Pathways to Success, ’Hybrid’ cities are best epitomised ...

DUBAI / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has announced that it will start accepting the prequalification applications for AED20 billion ($5.5 billion) worth of contract tenders for its projects in Dubai in 2018. This is in addition to the developer’s existing pipeline of projects that are in various stages of development across ...

ABU DHABI / WAM Companies trading on the UAE two main bourses gained AED5.5 billion in market cap at the end of Sunday session, driven by selective purchases that targeted blue chips on the real estate and banking sectors. Starting the week in the green, the General Index of the Dubai Financial Market moved up 0.97 percent to 3188 points, ...

Dubai / WAM Takaful Emarat announced that net profit for the twelve-month period ended December 31, 2017, was AED18.8 million, up 25 percent from the company’s 2016 net profit of AED15 million. Mohammed Al Hawari, Executive Board member and Managing Director of Takaful Emarat, said, “During the course of 2017, we maintained our focus on growing the business in tandem ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi has picked up the award for the ‘Best Stand in Middle East Region’ at ITB Berlin in Germany for its pavilion featuring the best of the emirate’s attractions and hotels. DCT Abu Dhabi was joined by 48 partners and stakeholders from March 7-11, including the Etihad Airways, ...

DUBAI / Emirates Business The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is expected to drive UAE investment in Europe’s property market through the show’s dedicated Europe Country Pavilion. IPS will take place from 9 to11 April at the Dubai World Trade Centre, also featuring Country Pavilion for Egypt ...

Dubai / Emirates Business Steel Wood Industries, a Dubai-based manufacturer of environment-friendly and sustainable wood products, has announced the introduction of a game-changing revolutionary product – Steel Wood Density Board (SDB) – that is set to change the wooden furniture and associated industries in the region, at the forthcoming Dubai WoodShow that takes place at the Dubai World Trade Centre ...

Sharjah / WAM The International Government Communication Centre (IGCC), has announced that online registration for the 7th edition of the International Government Communication Forum (IGCF 2018), at Expo Centre Sharjah, is now open. Organised under the patronage of HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on 28th and 29th March, IGCF 2018 ...