News

  Bloomberg Play, Poland’s fastest growing mobile provider, may soon announce an initial public offering that would give it a multibillion-dollar valuation. The Warsaw-based company, which already serves about 14 million customers, is reviewing options to generate further growth, according to a filing on the Luxembourg Stock Exchange Friday. One option is an IPO, the company said in the filing. ...

  ABU DHABI / WAM Mubadala Capital, the financial investment arm of Mubadala Development Company, on Thursday announced a transaction with Ardian, the independent private investment company. Ardian has committed US$2.5 billion to the transaction through a secondary/primary structure. The secondary component involves Ardian acquiring an interest in an existing Mubadala Capital managed private equity portfolio. The primary component involves ...

  Ras Al Khaimah / WAM Foreign trade of the Emirate of Ras Al Khaimah grew by 11.8 percent in 2016 compared to 2015, according to a report published by the Studies and Commercial Cooperation Department at the RAK Chamber, based on data from the Customs Department. Dr Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector ...

  Dubai / WAM Dubai Crown Prince and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inaugurated the permanent headquarters of “City Makers” on Thursday, a subsidiary of the General Secretariat of the Executive Council of Dubai, located at Alserkal Avenue in AlQuz area in Dubai. “City Makers” aims to design the journey of the ...

  Dubai / WAM The Dubai Chamber of Commerce and Industry hosted a one-day legal workshop at its head office in co-operation with Taylor Wessing (Middle East) LLP and Fragomen (UAE) LLC to provide local businesses and employers with information on key legal and practical aspects related to UAE residency. Titled “Key Legal & Practical Aspects of UAE Residency,” the workshop ...

  Riyadh / Emirates Business Al Habtoor Motors & REM (Refuse Equipment MFG Holding Co) hosted the largest Waste Management Industry event of the year at Ritz Carlton Hotel, Riyadh. Both Companies launched new products to meet the industry’s needs for efficiency and lowering costs in this demanding sector. More than 325 refuse industry experts across the Kingdom participated in ...

  MOSCOW / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed with Russian President Vladimir Putin, friendship, cooperation, regional and international issues of mutual interest. This came when the Russian President received His Highness Sheikh Mohamed bin Zayed and accompanying delegation at Kremlin on ...

  Abu Dhabi / WAM Abu Dhabi has been named as the world’s “Most Outstanding MICE Destination” at a prestigious awards ceremony in New Delhi, India. The emirate beat competition from Singapore, the United Kingdom and Jordan to secure the coveted prize, which is handed out annually at the Travel and Hospitality annual awards ceremony in the Indian capital. The award ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), together with over 90 representatives from private and public sector entities, will be taking part at this year’s Arabian Travel Market (ATM) being held in Dubai from 24-27 April, 2017 at the Dubai International Convention and Exhibitions Centre. As one of the exhibition’s official partners, Dubai ...

  Dubai / Emirates Business MMD, Asia Pacific brand licensing partner of AOC and AGON, announced that it has joined hands with Dubai based distributor, SDC to market AGON range of gaming monitors and also its premium range of monitors across GCC. The business development manager at AOC in Middle East Africa, Sameh Gamal said, “It is our pleasure to ...