News

Al Ain / WAM The Zayed House for Islamic Culture (ZHIC), organised a water aid initiative, titled “Suqya Khair”, on Thursday in cooperation with the Emirates Red Crescent, ERC, and the Al Ain Livestock Farms. ZHIC employees, new converts, and ERC volunteers distributed 250 meals, fruits and cold beverages to construction workers on the site of the Sheikh Khalifa bin ...

Abu Dhabi / WAM Abu Dhabi Airports signed an MoU with the Abu Dhabi General Services Company, Musanada, to strengthen cooperation between the two entities in the areas of knowledge sharing and facility development, to further support the growth of the infrastructure sector in Abu Dhabi. The MoU was signed on Thursday by Abdul Majeed Al Khoori, Acting Chief Executive ...

Dubai / WAM The Ministry of Finance (MoF), in collaboration with the Organisation for Economic Cooperation and Development (OECD), held a workshop on tax treaty issues and Base Erosion and Profit Shifting (BEPS), at its premises in Dubai. The workshop was headed by Khalid Ali Al Bustani, Assistant Under-Secretary of International Financial Relations, in the presence of Majid Ali Omran, ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) is set to announce the winners of the 2nd cycle of the Dubai Smartpreneur Competition on May 17, during the closing ceremony of the ArabNet Digital Summit 2017. Ten ideas have been shortlisted for the final round of the competition, which requires candidates to present their ideas at ArabNet. ...

Dubai / Emirates Business MAG Property Development (MAG PD), the property development arm of MAG Group, announced that it will be broadening its presence across Dubai by expanding into two key areas of the city – Downtown Dubai and Dubailand – with the launch of MAG 318 and MAG 230 respectively. Both projects will offer prospective tenants an attractive 35/65 ...

DUBAI / WAM The Republic of Kazakhstan confirmed it will be participating in Expo 2020 Dubai. The announcement comes just weeks before the Central Asian nation hosts its own Expo in the capital city, Astana. Kazakhstan is the latest country to publically confirm it will have a pavilion at the first World Expo in the Middle East, Africa and South ...

DUBAI / WAM Dubai Customs’ training center launched a sign language training programme exclusively for customs’ personnel. This comes in response to the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and the guidelines of “My Community – A City for Everyone” initiative. The initiative aims at turning Dubai into a disability-friendly city ...

Dubai / Emirates Business The largest Bugatti showroom in the world is opening its doors on Sheikh Zayed Road in the centre of Dubai. The French super sports car manufacturer’s facility in Dubai is the 15th location in the brand’s global dealership network with the new award-winning brand design. Bugatti’s longstanding sales and service partner in the UAE is Al ...

LONDON / Reuters Oil traders are snapping up options to protect against another steep price drop in case OPEC and its partners fail to deliver enough of a supply cut to satisfy investors of their commitment to tackle a three-year-old surplus of unused crude. The Organization of the Petroleum Exporting Countries meets on May 25 and will discuss extending its ...

DUBAI / Reuters Saudi Arabia’s Al Borg Medical Laboratories, one of the largest private medical laboratory chains in the Gulf, has agreed to buy the lab business of Anglo Arabian Healthcare, majority owned by Waha Capital, sources told Reuters. The two parties signed an agreement in December though a number of terms and conditions remain to be met before the ...