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London office vacancies increase as company moves leave holes

Bloomberg Modern office buildings are all the rage in central London, with a swath of companies including UBS Group AG moving into new premises in the last 12 months. The problem for landlords is finding someone to replace them. A growing number of unoccupied older properties caused the overall office vacancy rate to climb to 5.8 percent at the end ...

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DFM achieves 100 percent compliance in Q1

DUBAI / WAM Dubai Financial Market (DFM) announced on Tuesday that its UAE listed companies have showed a 100 percent compliance to disclose their Q1- 2017 results within the deadline of 45 days from the end of the quarter. Forty-seven UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Al Firdous as ...

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Open, shared data to add $2.8bn to Dubai economy

Dubai / Emirates Business Dubai Data held a press conference on Tuesday to release findings from the ‘Dubai Data Economic Impact Report’, which the Dubai Smart Office had commissioned to international audit, tax, and advisory firm KPMG. The study provides the Dubai Government with insights into the potential economic impacts of opening and sharing data and includes a methodology for ...

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TCA Abu Dhabi looks to explore Europe for MICE diversification

ABU DHABI / Emirates Business Abu Dhabi Convention Bureau, a division of Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), is spearheading a delegation representing an array of new products to Germany to participate in IMEX Frankfurt 2017, the worldwide exhibition for incentive travel, meetings and events (MICE). The show, which runs from May 16-18, is regarded as Europe’s ...

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UAE firms optimistic over future economic outlook

DUBAI / Emirates Business Majority of companies in the UAE and the GCC are optimistic over the region’s future economic outlook and 31% cited an improvement in sales over the last six months, according to a survey by Coface, the worldwide leader in trade credit management solutions and risk information services. Most exporters share a cautiously positive outlook on future ...

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UAE-US ties reflect positively on region

Abu Dhabi / WAM Political science experts and analysts have described the close relations between the United Arab Emirates and the United States of America as strategic and dynamic. The UAE’s inspiring model in various developmental, economic and foreign policy fields, explains the United State’s interest in communicating directly with the UAE’s leadership. UAE-US relations, which began since the US ...

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Development of young Emirati talent a priority for ADNOC: Al Jaber

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), hosted, on Tuesday the latest in a series of Youth Circles with over 30 employees, to discuss how to excel and capitalise on opportunities created by a performance-driven culture, in the presence of Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group, ...

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Aldar Academies to operate 4 ADNOC schools

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), signed an agreement appointing Aldar Academies to operate and manage four ADNOC Schools in Abu Dhabi and across the Al Dhafra Region: Sas Al Nakhl Campus, Ruwais Campus, Madinat Zayed Campus, and Ghayathi Campus. The agreement, which reinforces ADNOC’s commitment to delivering the highest quality education across its ADNOC ...

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Dubai launches initiative to certify e-commerce sites

Dubai / WAM Dubai Economy launched a new initiative to certify e-commerce websites, as part of its efforts to protect consumers, resolve their complaints and ensure best practices in online transactions. The “Digital Protection” service is aimed at e-commerce companies offering their services in mainland Dubai, as well as the free zones in the emirate. Mohammed Ali Rashed Lootah, CEO ...

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UAE provided AED502 million to Yemeni health sector

Abu Dhabi / WAM The UAE has provided the Yemeni health sector, during the period 2015 to 2017, with financial assistance amounting to AED502 million to support its medical and health services in emergency cases, combat contagious diseases and provide basic healthcare, as well as to train heath sector employees. This is within the framework of the UAE’s desire to ...

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